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

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What is Legend Oil & Gas Accounts Receivable?

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 Historical Data

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.

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Legend Oil & Gas Accounts Receivable Chart

Legend Oil & Gas Annual Data

Trend

Dec04

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Accounts Receivable

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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															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.

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

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

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Legend Oil & Gas (Legend Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Legend Oil & Gas Ltd (OTCPK:LOGL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

555 North Point Center East, Suite 410, Alpharetta, GA, USA, 30022

Website

http://www.maxxonenergy.com

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. It focuses 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, as the oil and gas.

Executives

Neal P Kaufman	director	14315 WEST HARDY ROAD, HOUSTON TX 77060
Hillair Capital Investments Lp	10 percent owner	345 LORTON AVENUE, SUITE 303, BURLINGAME CA 94010
Sean M Mcavoy	10 percent owner	345 LORTON AVENUE, SUITE 303, BURLINGAME CA 94010
Hillair Capital Management Llc	10 percent owner	345 LORTON AVENUE, SUITE 303, BURLINGAME CA 94010
James Vandeberg	10 percent owner	10710 NE 10TH STREET #1307, BELLEVUE WA 98004
Steve S Sinohui	director, 10 percent owner	2789 S. LAMAR STREET DENVER CO 80227

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