LOGL (Legend Oil & Gas) ROE %: 0.00% (As of Dec. 2016)

What is Legend Oil & Gas ROE %?

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

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Legend Oil & Gas's annualized net income for the quarter that ended in Dec. 2016 was $-7.69 Mil. Legend Oil & Gas's average Total Stockholders Equity over the quarter that ended in Dec. 2016 was $-5.48 Mil. Therefore, Legend Oil & Gas's annualized ROE % for the quarter that ended in Dec. 2016 was N/A%.

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

LOGL's ROE % is not ranked ^*
in the Oil & Gas industry.
Industry Median: 5.71
* Ranked among companies with meaningful ROE % only.

Legend Oil & Gas (OTCPK:LOGL) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

	ROE %		(Q: Dec. 2016 )
=	Net Income	/	Total Stockholders Equity
=	-7.692	/	-5.4785
=	(Net Income / Revenue )	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-7.692 / 4.196)	*	(4.196 / 4.237)	*	(4.237 / -5.4785)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-183.32 %	*	0.9903	*	N/A
=	ROA %	*	Equity Multiplier
=	-181.54 %	*	N/A
=	N/A %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

	ROE %		(Q: Dec. 2016 )
=	Net Income	/	Total Stockholders Equity
=	-7.692	/	-5.4785
=	(Net Income / Pre-Tax Income)	*	(Pre-Tax Income / Operating Income)	*	(Operating Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-7.692 / -6.372)	*	(-6.372 / -5.324)	*	(-5.324 / 4.196)	*	(4.196 / 4.237)	*	(4.237 / -5.4785)
=	Tax Burden	*	Interest Burden	*	Operating Margin %	*	Asset Turnover	*	Equity Multiplier
=	1.2072	*	1.1968	*	-126.88 %	*	0.9903	*	N/A
=	N/A %

Note: The net income data used here is four times the quarterly (Dec. 2016) net income data. The Revenue data used here is four times the quarterly (Dec. 2016) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
^* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.

Legend Oil & Gas ROE % Related Terms

Legend Oil & Gas ROE % Historical Data

* Premium members only.

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

Legend Oil & Gas ROE % Chart

Legend Oil & Gas Annual Data

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ROE %

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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
ROE %	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

LOGL vs ARSLF, PTRDF, DBRM: ROE % Comparison

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

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

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

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Legend Oil & Gas ROE % Calculation

Legend Oil & Gas's annualized ROE % for the fiscal year that ended in Dec. 2016 is calculated as

ROE %	=	Net Income (A: Dec. 2016 )	/	( (Total Stockholders Equity (A: Dec. 2015 )	+	Total Stockholders Equity (A: Dec. 2016 ))	/ count )
	=	-6.247	/	( (-0.211	+	-6.433)	/ 2 )
	=	-6.247	/	-3.322
	=	N/A %

Legend Oil & Gas's annualized ROE % for the quarter that ended in Dec. 2016 is calculated as

ROE %	=	Net Income (Q: Dec. 2016 )	/	( (Total Stockholders Equity (Q: Sep. 2016 )	+	Total Stockholders Equity (Q: Dec. 2016 ))	/ count )
	=	-7.692	/	( (-4.524	+	-6.433)	/ 2 )
	=	-7.692	/	-5.4785
	=	N/A %

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2016) net income data. ROE % is displayed in the 30-year financial page.

* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.

Frequently Asked Questions Learn more about ROE % →

What does a ROE % of 0.00% mean?

Legend Oil & Gas (LOGL) has a ROE % of 0.00% as of Dec. 2016. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Legend Oil & Gas and its competitors.

Is Legend Oil & Gas' ROE % too high?

Legend Oil & Gas' current ROE % is 0.00%.

How does Legend Oil & Gas' ROE % compare to ARSLF and PTRDF?

Legend Oil & Gas' ROE % of 0.00% can be compared against companies in the Oil & Gas industry. The industry median ROE % is 5.71. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROE % for an Oil & Gas company?

The median ROE % among Oil & Gas companies is 5.71, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % mean?

A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Legend Oil & Gas and its competitors. For the Oil & Gas industry, the median ROE % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legend Oil & Gas's current ROE % 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 ROE % of 0.00%. The current ROE % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROE % calculated?

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