LOGL (Legend Oil & Gas) Days Payable: 32.27 (As of Dec. 2016)


What is Legend Oil & Gas Days Payable?

Legend Oil & Gas LOGL -90.00% Days Payable is 32.27 as of Dec. 2016.

Legend Oil & Gas's average Accounts Payable for the three months ended in Dec. 2016 was $0.64 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 Payable for the three months ended in Dec. 2016 was 32.27.

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

LOGL's Days Payable is not ranked *
in the Oil & Gas industry.
Industry Median: 57.95
* Ranked among companies with meaningful Days Payable only.

Legend Oil & Gas's Days Payable declined from Dec. 2015 (87.61) to Dec. 2016 (32.27). It may suggest that Legend Oil & Gas accelerated paying its suppliers.

Legend Oil & Gas Days Payable Historical Data

* Premium members only.

The historical data trend for Legend Oil & Gas's Days Payable 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 Days Payable Chart

Legend Oil & Gas Annual Data
Trend Dec04 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 112.21 59.92 79.92

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 Payable 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 87.61 108.94 103.45 88.12 32.27

LOGL vs ARSLF, PTRDF, DBRM: Days Payable Comparison

For the Oil & Gas Midstream subindustry, Legend Oil & Gas's Days Payable, along with its competitors' market caps and Days Payable 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 Payable vs Oil & Gas Industry

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

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


Legend Oil & Gas Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

Days Payable (A: Dec. 2016 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2015 ) + Accounts Payable (A: Dec. 2016 )) / count ) / Cost of Goods Sold (A: Dec. 2016 )*Days in Period
=( (1.064 + 0.614) / 2 ) / 3.832*365
=0.839 / 3.832*365
=79.92

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

Days Payable (Q: Dec. 2016 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2016 ) + Accounts Payable (Q: Dec. 2016 )) / count ) / Cost of Goods Sold (Q: Dec. 2016 )*Days in Period
=( (0.672 + 0.614) / 2 ) / 1.818*365 / 4
=0.643 / 1.818*365 / 4
=32.27

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 32.27 mean?
Legend Oil & Gas (LOGL) has a Days Payable of 32.27 as of Dec. 2016. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Legend Oil & Gas and its competitors.
Is Legend Oil & Gas' Days Payable too high?
Legend Oil & Gas' current Days Payable is 32.27. The Oil & Gas industry median Days Payable is 57.95. Legend Oil & Gas' value of 32.27 is 44.3% below this industry median.
How does Legend Oil & Gas' Days Payable compare to ARSLF and PTRDF?
Legend Oil & Gas' Days Payable of 32.27 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Legend Oil & Gas' value of 32.27 is 44.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 849 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Legend Oil & Gas's current Days Payable of 32.27 is 44.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Legend Oil & Gas and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legend Oil & Gas's current Days Payable is 32.27. 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 Payable of 32.27. The current Days Payable is 32.27 and 44.3% below the Oil & Gas industry median of 57.95. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Legend Oil & Gas (LOGL), the current Days Payable is 32.27 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.