Legacy Reserves (Legacy Reserves) Gross-Profit-to-Asset % : 3.70% (As of Sep. 2019)

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What is Legacy Reserves Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Legacy Reserves's annualized Gross Profit for the quarter that ended in Sep. 2019 was $48.96 Mil. Legacy Reserves's average Total Assets over the quarter that ended in Sep. 2019 was $1,323.45 Mil. Therefore, Legacy Reserves's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2019 was 3.70%.

Legacy Reserves Gross-Profit-to-Asset % Historical Data

The historical data trend for Legacy Reserves's Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Chart

Legacy Reserves Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Gross-Profit-to-Asset %

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8.98

-1.88

-1.06

9.03

13.11

Legacy Reserves Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															14.38	9.65	7.87	8.57	3.70

Competitive Comparison of Legacy Reserves's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, Legacy Reserves's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Legacy Reserves's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Legacy Reserves's Gross-Profit-to-Asset % falls into.

Legacy Reserves Gross-Profit-to-Asset % Calculation

Legacy Reserves's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2018 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2018 )	/	( (Total Assets (A: Dec. 2017 )	+	Total Assets (A: Dec. 2018 ))	/ count )
	=	194.578	/	( (1493.082	+	1474.931)	/ 2 )
	=	194.578	/	1484.0065
	=	13.11 %

Legacy Reserves's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2019 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Sep. 2019 )	/	( (Total Assets (Q: Jun. 2019 )	+	Total Assets (Q: Sep. 2019 ))	/ count )
	=	48.956	/	( (1365.699	+	1281.197)	/ 2 )
	=	48.956	/	1323.448
	=	3.70 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Sep. 2019) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Legacy Reserves Gross-Profit-to-Asset % 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 » Gross-Profit-to-Asset %

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.