LOGL (Legend Oil & Gas) Asset Turnover: 0.25 (As of Dec. 2016)


What is Legend Oil & Gas Asset Turnover?

Legend Oil & Gas LOGL -90.00% Asset Turnover is 0.25 as of Dec. 2016.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Legend Oil & Gas's Revenue for the three months ended in Dec. 2016 was $1.05 Mil. Legend Oil & Gas's Total Assets for the quarter that ended in Dec. 2016 was $4.24 Mil. Therefore, Legend Oil & Gas's Asset Turnover for the quarter that ended in Dec. 2016 was 0.25.

Asset Turnover is linked to ROE % through Du Pont Formula. Legend Oil & Gas's annualized ROE % for the quarter that ended in Dec. 2016 was 140.40%. It is also linked to ROA % through Du Pont Formula. Legend Oil & Gas's annualized ROA % for the quarter that ended in Dec. 2016 was -181.54%.

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

Asset Turnover is linked to ROE % through Du Pont Formula.

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

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*-0.7734
=ROA %*Equity Multiplier
=-181.54 %*-0.7734
=140.40 %

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.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Legend Oil & Gas's annulized ROA % for the quarter that ended in Dec. 2016 is

ROA %(Q: Dec. 2016 )
=Net Income/Total Assets
=-7.692/4.237
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-7.692 / 4.196)*(4.196 / 4.237)
=Net Margin %*Asset Turnover
=-183.32 %*0.9903
=-181.54 %

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.

* 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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

Legend Oil & Gas Asset Turnover Related Terms

Legend Oil & Gas Asset Turnover Historical Data

* Premium members only.

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

Legend Oil & Gas Annual Data
Trend Dec04 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.05 0.15 0.88 0.89

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
Asset Turnover 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 0.15 0.23 0.16 0.16 0.25

LOGL vs ARSLF, PTRDF, DBRM: Asset Turnover Comparison

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

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

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


Legend Oil & Gas Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

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

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2016 )/( (Total Assets (A: Dec. 2015 )+Total Assets (A: Dec. 2016 ))/ count )
=3.859/( (4.995+3.723)/ 2 )
=3.859/4.359
=0.89

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

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2016 )/( (Total Assets (Q: Sep. 2016 )+Total Assets (Q: Dec. 2016 ))/ count )
=1.049/( (4.751+3.723)/ 2 )
=1.049/4.237
=0.25

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.25 mean?
Legend Oil & Gas (LOGL) has a Asset Turnover of 0.25 as of Dec. 2016. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Legend Oil & Gas and its competitors.
Is Legend Oil & Gas' Asset Turnover too high?
Legend Oil & Gas' current Asset Turnover is 0.25.
How does Legend Oil & Gas' Asset Turnover compare to ARSLF and PTRDF?
Legend Oil & Gas' Asset Turnover of 0.25 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for an Oil & Gas company?
A good Asset Turnover depends on the Oil & Gas industry context. However, Asset Turnover 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 Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Legend Oil & Gas and its competitors. Legend Oil & Gas's current Asset Turnover is 0.25. 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 Asset Turnover of 0.25. The current Asset Turnover is 0.25. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Legend Oil & Gas (LOGL), the current Asset Turnover is 0.25 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.