Newegg Commerce (NEGG) Asset Writedowns and Impairment (2010 - 2023)
Newegg Commerce (NEGG) posted Asset Writedowns and Impairment of $3.4 million for Q4 2023, up 564.62% sequentially from $506000.0 in Q3 2023, and down 62.03% YoY from $8.9 million in Q4 2022.
Newegg Commerce (NEGG) Asset Writedowns and Impairment (2010 - 2023) Analysis & Trends
Newegg Commerce has reported Asset Writedowns and Impairment for 6 years, with the latest figure at $3.4 million in Q4 2023.
- Quarterly Asset Writedowns and Impairment fell 62.03% year-over-year to $3.4 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was $13.3 million (down 17.79% YoY) and the FY2025 annual result came in at $3.8 million, down 2.44% from the prior year.
- Asset Writedowns and Impairment rose to $3.4 million in Q4 2023 per NEGG's latest filing, from $506000.0 in the prior quarter.
- Over five years, Asset Writedowns and Impairment peaked at $8.9 million in Q4 2022 and troughed at -$162000.0 in Q3 2021.
- A 4-year average of $3.4 million and a median of $2.0 million in 2022 frame the typical range for Asset Writedowns and Impairment.
- The sharpest annual moves came in 2021 and 2022: Asset Writedowns and Impairment plunged 411.54% in 2021, then surged 479.01% in 2022.
- Over 4 years, Asset Writedowns and Impairment stood at $6.8 million in 2020, then advanced by 2.17% to $6.9 million in 2021, then advanced by 28.06% to $8.9 million in 2022, then slumped by 62.03% to $3.4 million in 2023.
- According to Business Quant data, Asset Writedowns and Impairment over the past three periods registered $3.4 million, $506000.0, and $8.9 million for Q4 2023, Q3 2023, and Q4 2022 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,932.72 Bn | 2,809.73 Bn | 198.88 Bn |
| 2 | PDD Holdings | 506.17 Bn | 446.63 Bn | 9.83 Bn |
| 3 | Mercadolibre | 98.11 Bn | 82.91 Bn | 4.16 Bn |
| 4 | DoorDash | 93.31 Bn | 87.96 Bn | 2.35 Bn |
| 5 | JD.com | 87.04 Bn | 57.85 Bn | 7.66 Bn |
| 6 | Sea | 78.13 Bn | 69.61 Bn | 3.15 Bn |
| 7 | Ebay | 47.28 Bn | 43.97 Bn | 2.30 Bn |
| 8 | Coupang | 29.64 Bn | 23.53 Bn | 2.49 Bn |
| 9 | Zkh | 16.25 Bn | 16.25 Bn | 51.11 Mn |
| 10 | Newegg Commerce | 375,427.83 | -108.27 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 3.36 Mn |
| Dec 31, 2023 | 3.36 Mn |
| Sep 30, 2023 | 506,000.00 |
| Sep 30, 2023 | 506,000.00 |
| Dec 31, 2022 | 8.86 Mn |
| Dec 31, 2022 | 8.86 Mn |
| Sep 30, 2022 | 614,000.00 |
| Sep 30, 2022 | 614,000.00 |
| Dec 31, 2021 | 6.92 Mn |
| Dec 31, 2021 | 6.92 Mn |
| Sep 30, 2021 | -162,000.00 |
| Sep 30, 2021 | -162,000.00 |
| Dec 31, 2020 | 6.77 Mn |
| Dec 31, 2020 | 6.77 Mn |
| Sep 30, 2020 | 52,000.00 |
| Sep 30, 2020 | 52,000.00 |
| Dec 31, 2012 | 558,389.00 |
| Dec 31, 2012 | 558,389.00 |
| Sep 30, 2012 | 8,477.00 |
| Sep 30, 2012 | 8,477.00 |