Legacy Reserves (Legacy Reserves) Accounts Receivable : $62.42 Mil (As of Sep. 2019)

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What is Legacy Reserves Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Legacy Reserves's accounts receivables for the quarter that ended in Sep. 2019 was $62.42 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Legacy Reserves's Days Sales Outstanding for the quarter that ended in Sep. 2019 was 58.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Legacy Reserves's Net-Net Working Capital per share for the quarter that ended in Sep. 2019 was $N/A.

Legacy Reserves Accounts Receivable Historical Data

The historical data trend for Legacy Reserves's Accounts Receivable 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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Legacy Reserves Accounts Receivable Chart

Legacy Reserves Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Accounts Receivable

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65.86

59.41

66.61

90.18

71.99

Legacy Reserves Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Accounts Receivable	Get a 7-Day Free Trial															-	71.99	79.97	64.43	62.42

Legacy Reserves Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Legacy Reserves Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Legacy Reserves's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	62.418	/	97.503	*	91
=	58.42

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Legacy Reserves's accounts receivable are only considered to be worth 75% of book value:

Legacy Reserves's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2019 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(13.121	+	0.75 * 62.418	+	0.5 * 0	-	1734.807
-	0	-	0)	/	0
=	N/A

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Legacy Reserves Accounts Receivable Related Terms

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Legacy Reserves (Legacy Reserves) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Legacy Reserves Inc (NAS:LGCYP.PFD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 West Wall Street, Suite 1800, Midland, TX, USA, 79701

Website

http://www.legacyreserves.com

Legacy Reserves LP is a limited partnership which focuses on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States. The company owns an interest in producing oil and natural gas properties in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma and several other states. The company operates through the segment being the Acquisition and development of oil and natural gas properties.