ContextLogic (MEX:LOGC) Receivables Turnover : 0.00 (As of Jun. 2024)

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What is ContextLogic Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. ContextLogic's Revenue for the three months ended in Jun. 2024 was MXN128 Mil. ContextLogic's average Accounts Receivable for the three months ended in Jun. 2024 was MXN0 Mil.

ContextLogic Receivables Turnover Historical Data

The historical data trend for ContextLogic's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ContextLogic Receivables Turnover Chart

ContextLogic Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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ContextLogic Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
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Competitive Comparison of ContextLogic's Receivables Turnover

For the Internet Retail subindustry, ContextLogic's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ContextLogic's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, ContextLogic's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ContextLogic's Receivables Turnover falls into.

ContextLogic Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

ContextLogic's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	4871.609	/ (	(0	+	0)	/	1 )
=	4871.609	/	0
=	N/A

ContextLogic's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	128.241	/ (	(0	+	0)	/	1 )
=	128.241	/	0
=	N/A

ContextLogic (MEX:LOGC) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

ContextLogic Receivables Turnover Related Terms

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ContextLogic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ContextLogic Inc (MEX:LOGC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

LOGC:USA 5ZZ0:Germany

Address

One Sansome Street, 33rd Floor, San Francisco, CA, USA, 94104

Website

https://www.wish.com

ContextLogic Inc is an online shopping store. The store provides personalized products, clothing products, accessories, gaming products and equipment, cosmetics, plastic products, mobile covers, and other products. Geographically, it derives a majority of revenue from Europe and also has a presence in North America; South America, and other countries.