LOGL (Legend Oil & Gas) Receivables Turnover: 4.26 (As of Dec. 2016)

What is Legend Oil & Gas Receivables Turnover?

Legend Oil & Gas LOGL -90.00% Receivables Turnover is 4.26 as of Dec. 2016.

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Legend Oil & Gas's Revenue for the three months ended in Dec. 2016 was $1.05 Mil. Legend Oil & Gas's average Accounts Receivable for the three months ended in Dec. 2016 was $0.25 Mil. Hence, Legend Oil & Gas's Receivables Turnover for the three months ended in Dec. 2016 was 4.26.

Legend Oil & Gas (OTCPK:LOGL) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Legend Oil & Gas Receivables Turnover Related Terms

Legend Oil & Gas Receivables Turnover Historical Data

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The historical data trend for Legend Oil & Gas's Receivables Turnover 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 Receivables Turnover Chart

Legend Oil & Gas Annual Data

Trend

Dec04

Dec08

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Dec12

Dec13

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Dec15

Dec16

Receivables Turnover

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7.15

2.33

10.90

34.30

18.46

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
Receivables Turnover	Get a 7-Day Free Trial															4.69	6.15	4.84	4.04	4.26

LOGL vs ARSLF, PTRDF, DBRM: Receivables Turnover Comparison

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

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

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

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Legend Oil & Gas Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: Dec. 2016 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2016 )	/ (	(Accounts Receivable (A: Dec. 2015 )	+	Accounts Receivable (A: Dec. 2016 ))	/	count )
=	3.859	/ (	(0.184	+	0.234)	/	2 )
=	3.859	/	0.209
=	18.46

Legend Oil & Gas's Receivables Turnover for the quarter that ended in Dec. 2016 is calculated as

	Receivables Turnover (Q: Dec. 2016 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Dec. 2016 )	/ (	(Accounts Receivable (Q: Sep. 2016 )	+	Accounts Receivable (Q: Dec. 2016 ))	/	count )
=	1.049	/ (	(0.258	+	0.234)	/	2 )
=	1.049	/	0.246
=	4.26

Frequently Asked Questions Learn more about Receivables Turnover →

What does a Receivables Turnover of 4.26 mean?

Legend Oil & Gas (LOGL) has a Receivables Turnover of 4.26 as of Dec. 2016. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Legend Oil & Gas and its competitors.

Is Legend Oil & Gas' Receivables Turnover too high?

Legend Oil & Gas' current Receivables Turnover is 4.26. The Oil & Gas industry median Receivables Turnover is 7.95. Legend Oil & Gas' value of 4.26 is 46.4% below this industry median.

How does Legend Oil & Gas' Receivables Turnover compare to ARSLF and PTRDF?

Legend Oil & Gas' Receivables Turnover of 4.26 can be compared against companies in the Oil & Gas industry. The industry median Receivables Turnover is 7.95. Legend Oil & Gas' value of 4.26 is 46.4% 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 Receivables Turnover for an Oil & Gas company?

The median Receivables Turnover among Oil & Gas companies is 7.95, based on 896 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Legend Oil & Gas's current Receivables Turnover of 4.26 is 46.4% 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 Receivables Turnover mean?

A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Legend Oil & Gas and its competitors. For the Oil & Gas industry, the median Receivables Turnover is 7.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legend Oil & Gas's current Receivables Turnover is 4.26. 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 Receivables Turnover of 4.26. The current Receivables Turnover is 4.26 and 46.4% below the Oil & Gas industry median of 7.95. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Receivables Turnover calculated?

Receivables Turnover is calculated from a company's financial statements. For Legend Oil & Gas (LOGL), the current Receivables Turnover is 4.26 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.