ContextLogic (MEX:LOGC) Total Assets : MXN2,913 Mil (As of Jun. 2024)

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What is ContextLogic Total Assets?

ContextLogic's Total Assets for the quarter that ended in Jun. 2024 was MXN2,913 Mil.

During the past 12 months, ContextLogic's average Total Assets Growth Rate was -83.00% per year. During the past 3 years, the average Total Assets Growth Rate was -46.50% per year. During the past 5 years, the average Total Assets Growth Rate was -31.70% per year.

During the past 7 years, ContextLogic's highest 3-Year average Total Assets Growth Rate was -17.30%. The lowest was -46.50%. And the median was -37.10%.

Total Assets is connected with ROA %. ContextLogic's annualized ROA % for the quarter that ended in Jun. 2024 was -22.18%. Total Assets is also linked to Revenue through Asset Turnover. ContextLogic's Asset Turnover for the quarter that ended in Jun. 2024 was 0.03.

ContextLogic Total Assets Historical Data

The historical data trend for ContextLogic's Total Assets 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 Total Assets Chart

ContextLogic Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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25,762.76

47,681.12

26,319.46

15,577.30

7,180.11

ContextLogic Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial															10,012.04	8,570.10	7,180.11	5,675.92	2,912.90

ContextLogic Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	3683.412	+	3496.695
	=	7,180

ContextLogic's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	2821.296	+	91.601
	=	2,913

ContextLogic (MEX:LOGC) Total Assets Explanation

Total Assets is connected with ROA %.

ContextLogic's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-952.644	/	( (5675.919	+	2912.896)	/ 2 )
	=	-952.644	/	4294.4075
	=	-22.18 %

Note: The Net Income data used here is four times the quarterly (Jun. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

ContextLogic's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	128.241	/	( (5675.919	+	2912.896)	/ 2 )
=	128.241	/	4294.4075
=	0.03

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

ContextLogic Total Assets Related Terms

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ContextLogic Business Description

Industry

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

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.