LOGL (Legend Oil & Gas) Days Inventory: 0.00 (As of Dec. 2016)

What is Legend Oil & Gas Days Inventory?

Legend Oil & Gas LOGL -90.00% Days Inventory is 0.00 as of Dec. 2016.

Days Inventory is also known as Days Sales of Inventory (DSI). Legend Oil & Gas's Average Total Inventories for the three months ended in Dec. 2016 was $0.00 Mil. Legend Oil & Gas's Cost of Goods Sold for the three months ended in Dec. 2016 was $1.82 Mil. Hence, Legend Oil & Gas's Days Inventory for the three months ended in Dec. 2016 was 0.00.

The historical rank and industry rank for Legend Oil & Gas's Days Inventory or its related term are showing as below:

LOGL's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 30.99
* Ranked among companies with meaningful Days Inventory only.

Legend Oil & Gas's Days Inventory stayed the same from Dec. 2015 (0.00) to Dec. 2016 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Legend Oil & Gas's Inventory-to-Revenue for the three months ended in Dec. 2016 was 0.00.

Legend Oil & Gas (OTCPK:LOGL) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Legend Oil & Gas's Inventory Turnover for the three months ended in Dec. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.818	/	0
	=

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Legend Oil & Gas's Inventory to Revenue for the three months ended in Dec. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	1.049
	=	0.00

* 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

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Legend Oil & Gas Days Inventory Related Terms

Legend Oil & Gas Days Inventory Historical Data

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The historical data trend for Legend Oil & Gas's Days Inventory can be seen below:

Legend Oil & Gas Days Inventory Chart

Legend Oil & Gas Annual Data

Trend

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Days Inventory

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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
Days Inventory	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

LOGL vs ARSLF, PTRDF, DBRM: Days Inventory Comparison

For the Oil & Gas Midstream subindustry, Legend Oil & Gas's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Legend Oil & Gas Days Inventory vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Legend Oil & Gas's Days Inventory distribution charts can be found below:

* The bar in red indicates where Legend Oil & Gas's Days Inventory falls into.

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Legend Oil & Gas Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Legend Oil & Gas's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as

	Days Inventory (A: Dec. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	3.832	*	365
=	0					/	3.832	*	365
=	0.00

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

	Days Inventory (Q: Dec. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2016 )	+	Total Inventories (Q: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1.818	*	365 / 4
=	0					/	1.818	*	365 / 4
=	0.00

Frequently Asked Questions Learn more about Days Inventory →

What does a Days Inventory of 0.00 mean?

Legend Oil & Gas (LOGL) has a Days Inventory of 0.00 as of Dec. 2016. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Legend Oil & Gas and its competitors.

Is Legend Oil & Gas' Days Inventory too high?

Legend Oil & Gas' current Days Inventory is 0.00.

How does Legend Oil & Gas' Days Inventory compare to ARSLF and PTRDF?

Legend Oil & Gas' Days Inventory of 0.00 can be compared against companies in the Oil & Gas industry. The industry median Days Inventory is 30.99. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Inventory for an Oil & Gas company?

The median Days Inventory among Oil & Gas companies is 30.99, based on 685 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory 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 Days Inventory mean?

A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Legend Oil & Gas and its competitors. For the Oil & Gas industry, the median Days Inventory is 30.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legend Oil & Gas's current Days Inventory is 0.00. 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 Days Inventory of 0.00. The current Days Inventory is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Inventory calculated?

Days Inventory is calculated from a company's financial statements. For Legend Oil & Gas (LOGL), the current Days Inventory is 0.00 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 Energy Oil & Gas

Comparable Companies ARSLF PTRDF DBRM ALTX EXNT UERLF DRKOF HEXPF EMPR GPIPF CNENF GDPMQ IFNY BYIN EMBYF QPTRF ANFC GVLMF AKVA UNIGF

Address 555 North Point Center East, Suite 400, 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. 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.