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Bloomberg / Businessweek USOG Q1 2011 Review

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ack0605   Thursday, 06/16/11 09:18:19 PM
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Bloomberg / Businessweek USOG Q1 2011 Review
Source;http://investing.businessweek.com/businessweek/research/stocks/financials/financials.asp?ticker=USOG:US

Income Statement
Compared to the same quarter last year, United States Oil & Gas Corp. has been able to grow revenues from $5.4M to $7.1M. Most impressively, the company has been able to reduce the percentage of sales devoted to cost of goods sold from 94.33% to 93.07%. This was a driver that led to an improvement in the bottom line from a loss of $638.9K to a smaller loss of $534.9K.

Balance Sheet
United States Oil & Gas Corp. may have more financial risk than other companies in the Oil, Gas and Consumable Fuels industry as it remains one of the most highly leveraged, despite its Debt to Total Capital ratio shrinking to 106.51% over the last fiscal year. Additionally, an examination of near-term assets and liabilities shows that there are not enough liquid assets to satisfy current obligations. Accounts Receivable are among the industry's worst with 22.76 days worth of sales outstanding. This implies that revenues are not being collected in an efficient manner. Last, United States Oil & Gas Corp. is among the least efficient in its industry at managing inventories, with 5.69 days of its Cost of Goods Sold tied up in Inventories.

Bloomberg / Businessweek USOG FY 2010 Review

Income Statement
Year over year, United States Oil & Gas Corp. has been able to grow revenues from $9.4M to $24.7M. Most impressively, the company has been able to reduce the percentage of sales devoted to selling, general and administrative costs from 12.95% to 5.30%. This was a driver that led to an improvement in the bottom line from a loss of $1.5M to a smaller loss of $1.3M.

Compared to the same quarter last year, United States Oil & Gas Corp. has been able to grow revenues from $4.1M to $7.0M. Most impressively, the company has been able to reduce the percentage of sales devoted to income tax expense from 6.86% to -0.73%. This was a driver that led to an improvement in the bottom line from a loss of $1.2M to a smaller loss of $881.2K.

Balance Sheet
United States Oil & Gas Corp. may have more financial risk than other companies in the Oil, Gas and Consumable Fuels industry. It remains one of the most highly leveraged, despite its Debt to Total Capital ratio shrinking to 119.30% over the last fiscal year. Additionally, an examination of near-term assets and liabilities shows that there are not enough liquid assets to satisfy current obligations.

Bloomberg / Businessweek USOG Q3 2010 Review

Income Statement
Compared to the same quarter last year, United States Oil & Gas Corp. has seen their bottom line shrink from a gain of $380.1K to a loss of $50.5K despite an increase in revenues from $3.7M to $6.4M. An increase in the percentage of sales devoted to cost of goods sold from 80.93% to 91.93% was a key component in the falling bottom line in the face of rising revenues.

Balance Sheet
United States Oil & Gas Corp. may have more financial risk than other companies in the Oil, Gas and Consumable Fuels industry as it is one of the most highly leveraged with a Debt to Total Capital ratio of 98.51%. However, an examination of near-term assets and liabilities shows that, even though there are not enough liquid assets to satisfy current obligations, Operating Profits are more than adequate to service the debt. Accounts Receivable are among the industry's worst with 22.53 days worth of sales outstanding. This implies that revenues are not being collected in an efficient manner. Last, United States Oil & Gas Corp. is among the least efficient in its industry at managing inventories, with 4.21 days of its Cost of Goods Sold tied up in Inventories.

Bloomberg / Businessweek USOG Q2 2010 Review

Income Statement
Compared to the same quarter last year, United States Oil & Gas Corp. has been able to grow revenues from $1.6M to $6.0M. Most impressively, the company has been able to reduce the percentage of sales devoted to selling, general and administrative costs from 23.36% to 6.28%. This was a driver that led to a bottom line growth from a loss of $288.3K to a gain of $6.0K.

Balance Sheet
United States Oil & Gas Corp. may have more financial risk than other companies in the Oil, Gas and Consumable Fuels industry as it is one of the most highly leveraged with a Debt to Total Capital ratio of 98.51%. However, an examination of near-term assets and liabilities shows that, even though there are not enough liquid assets to satisfy current obligations, Operating Profits are more than adequate to service the debt. Accounts Receivable are among the industry's worst with 22.53 days worth of sales outstanding. This implies that revenues are not being collected in an efficient manner. Last, United States Oil & Gas Corp. is among the least efficient in its industry at managing inventories, with 4.21 days of its Cost of Goods Sold tied up in Inventories.

Andrew C. Kiolbasa

Trading strategies discussed are often high risk and not suitable for all investors. The opinions written and posted are solely of the author. Please do your own due diligence before buying or selling any security in the open market.
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