LOGL (Legend Oil & Gas) Accounts Receivable: $0.23 Mil (As of Dec. 2016)

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What is Legend Oil & Gas Accounts Receivable?

Legend Oil & Gas LOGL -90.00% Accounts Receivable is $0.23 Mil as of Dec. 2016.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Legend Oil & Gas's accounts receivables for the quarter that ended in Dec. 2016 was $0.23 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Legend Oil & Gas's Days Sales Outstanding for the quarter that ended in Dec. 2016 was 20.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Legend Oil & Gas's Net-Net Working Capital per share for the quarter that ended in Dec. 2016 was $-0.01.

Legend Oil & Gas 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.

Legend Oil & Gas's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.234/1.049*91
=20.36

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

Legend Oil & Gas's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2016 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)
=(0.161+0.75 * 0.234+0.5 * 0-10.156
-0-0)/942.083
=-0.01

* 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.

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.

Legend Oil & Gas Accounts Receivable Related Terms

Legend Oil & Gas Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Legend Oil & Gas'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.

Legend Oil & Gas Accounts Receivable Chart

Legend Oil & Gas Annual Data
Trend Dec04 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.06 0.07 0.18 0.23

Legend Oil & Gas Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.20 0.14 0.26 0.23

Legend Oil & Gas Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.23 Mil mean?
Legend Oil & Gas (LOGL) has a Accounts Receivable of $0.23 Mil as of Dec. 2016. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Legend Oil & Gas and its competitors.
Is Legend Oil & Gas' Accounts Receivable too high?
Legend Oil & Gas' current Accounts Receivable is $0.23 Mil.
How does Legend Oil & Gas' Accounts Receivable compare to ARSLF and PTRDF?
Legend Oil & Gas' Accounts Receivable of $0.23 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for an Oil & Gas company?
A good Accounts Receivable depends on the Oil & Gas industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Legend Oil & Gas and its competitors. Legend Oil & Gas's current Accounts Receivable is $0.23 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legend Oil & Gas stock overvalued right now?
Legend Oil & Gas (LOGL) has a current Accounts Receivable of $0.23 Mil. The current Accounts Receivable is $0.23 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Legend Oil & Gas (LOGL), the current Accounts Receivable is $0.23 Mil as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Legend Oil & Gas Business Description

Industry EnergyOil & Gas
Address 555 North Point Center East, Suite 400, Alpharetta, GA, USA, 30022
Legend Oil & Gas Ltd is a crude oil hauling and trucking company. The company's principal operations are in the Bakken region of North Dakota and the Permian Basin in Texas and New Mexico. Its focus is to grow its core business and expand its crude oil hauling operations into other basins throughout the United States. The company's only segment is oil and gas.