Legacy Reserves (Legacy Reserves) Days Sales Outstanding : 59.35 (As of Sep. 2019)

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What is Legacy Reserves Days Sales Outstanding?

Legacy Reserves's average Accounts Receivable for the three months ended in Sep. 2019 was $63.42 Mil. Legacy Reserves's Revenue for the three months ended in Sep. 2019 was $97.50 Mil. Hence, Legacy Reserves's Days Sales Outstanding for the three months ended in Sep. 2019 was 59.35.

The historical rank and industry rank for Legacy Reserves's Days Sales Outstanding or its related term are showing as below:

LGCYP.PFD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.16 Med: 62.2 Max: 77.34
Current: 49.91

During the past 13 years, Legacy Reserves's highest Days Sales Outstanding was 77.34. The lowest was 45.16. And the median was 62.20.

LGCYP.PFD's Days Sales Outstanding is not ranked
in the Oil & Gas industry.
Industry Median: 49.11 vs LGCYP.PFD: 49.91

Legacy Reserves's Days Sales Outstanding increased from Sep. 2018 (46.63) to Sep. 2019 (59.35).

Legacy Reserves Days Sales Outstanding Historical Data

The historical data trend for Legacy Reserves's Days Sales Outstanding 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.

* Premium members only.

Legacy Reserves Days Sales Outstanding Chart

Legacy Reserves Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Sales Outstanding

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44.72

67.48

73.16

65.58

53.34

Legacy Reserves Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Days Sales Outstanding	Get a 7-Day Free Trial															46.63	49.43	58.51	55.93	59.35

Competitive Comparison of Legacy Reserves's Days Sales Outstanding

For the Oil & Gas E&P subindustry, Legacy Reserves's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Legacy Reserves's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Legacy Reserves's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Legacy Reserves's Days Sales Outstanding falls into.

Legacy Reserves Days Sales Outstanding Calculation

Days Sales Outstanding measures 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 Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Legacy Reserves's Days Sales Outstanding for the fiscal year that ended in Dec. 2018 is calculated as

	Days Sales Outstanding (A: Dec. 2018 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )	/	Revenue (A: Dec. 2018 )	*	Days in Period
=	( (90.177	+	71.985)	/	2 )	/	554.861	*	365
=	81.081					/	554.861	*	365
=	53.34

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

	Days Sales Outstanding (Q: Sep. 2019 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2019 )	+	Accounts Receivable (A: Sep. 2019 ))	/	count )	/	Revenue (A: Sep. 2019 )	*	Days in Period
=	( (64.426	+	62.418)	/	2 )	/	97.503	*	365 / 4
=	63.422					/	97.503	*	365 / 4
=	59.35

Legacy Reserves (NAS:LGCYP.PFD) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Legacy Reserves Days Sales Outstanding 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 » Days Sales Outstanding

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.