Legacy Reserves (Legacy Reserves) COGS-to-Revenue : 0.87 (As of Sep. 2019)

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What is Legacy Reserves COGS-to-Revenue?

Legacy Reserves's Cost of Goods Sold for the three months ended in Sep. 2019 was $85.26 Mil. Its Revenue for the three months ended in Sep. 2019 was $97.50 Mil.

Legacy Reserves's COGS to Revenue for the three months ended in Sep. 2019 was 0.87.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Legacy Reserves's Gross Margin % for the three months ended in Sep. 2019 was 12.55%.

Legacy Reserves COGS-to-Revenue Historical Data

The historical data trend for Legacy Reserves's COGS-to-Revenue 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 COGS-to-Revenue Chart

Legacy Reserves Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

COGS-to-Revenue

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0.70

1.10

1.05

0.71

0.65

Legacy Reserves Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
COGS-to-Revenue	Get a 7-Day Free Trial															0.63	0.73	0.76	0.75	0.87

Legacy Reserves COGS-to-Revenue Calculation

Legacy Reserves's COGS to Revenue for the fiscal year that ended in Dec. 2018 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	360.283	/	554.861
	=	0.65

Legacy Reserves's COGS to Revenue for the quarter that ended in Sep. 2019 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	85.264	/	97.503
	=	0.87

Legacy Reserves (NAS:LGCYP.PFD) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Legacy Reserves's Gross Margin % for the three months ended in Sep. 2019 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	85.264 / 97.503
	=	12.55 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Legacy Reserves COGS-to-Revenue 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 » COGS-to-Revenue

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.