LGCYP.PFD (Legacy Reserves) ROCE % : -73.57% (As of Sep. 2019)

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What is Legacy Reserves ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Legacy Reserves's annualized ROCE % for the quarter that ended in Sep. 2019 was -73.57%.

Legacy Reserves ROCE % Historical Data

The historical data trend for Legacy Reserves's ROCE % 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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Legacy Reserves ROCE % Chart

Legacy Reserves Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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-12.91

-37.57

1.78

2.87

17.82

Legacy Reserves Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
ROCE %	Get a 7-Day Free Trial															-7.96	89.36	-36.77	-6.97	-73.57

Legacy Reserves ROCE % Calculation

Legacy Reserves's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	163.809	/	( ( (1493.082 - 144.81)	+	(1474.931 - 984.65) )	/ 2 )
	=	163.809	/	( (1348.272	+	490.281)	/ 2 )
	=	163.809	/	919.2765
	=	17.82 %

Legacy Reserves's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	-484.3	/	( ( (1365.699 - 643.638)	+	(1281.197 - 686.732) )	/ 2 )
	=	-484.3	/	( ( 722.061	+	594.465 )	/ 2 )
	=	-484.3	/	658.263
	=	-73.57 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

Legacy Reserves (NAS:LGCYP.PFD) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Legacy Reserves ROCE % Related Terms

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Legacy Reserves Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Legacy Reserves Inc (NAS:LGCYP.PFD) » Definitions » ROCE %

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Address

303 West Wall Street, Suite 1800, Midland, TX, USA, 79701

Website

http://www.legacyreserves.com

Legacy Reserves LP is a limited partnership which focuses on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States. The company owns an interest in producing oil and natural gas properties in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma and several other states. The company operates through the segment being the Acquisition and development of oil and natural gas properties.