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Global Partners LP (Global Partners LP) Change In Inventory : $172 Mil (TTM As of Dec. 2023)


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What is Global Partners LP Change In Inventory?

Global Partners LP's change in inventory for the quarter that ended in Dec. 2023 was $-3 Mil. It means Global Partners LP's inventory increased by $3 Mil from Sep. 2023 to Dec. 2023 .

Global Partners LP's change in inventory for the fiscal year that ended in Dec. 2023 was $172 Mil. It means Global Partners LP's inventory declined by $172 Mil from Dec. 2022 to Dec. 2023 .

Global Partners LP's Total Inventories for the quarter that ended in Dec. 2023 was $397 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Partners LP's Days Inventory for the quarter that ended in Dec. 2023 was 8.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. Global Partners LP's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.48.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Global Partners LP's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Global Partners LP Change In Inventory Historical Data

The historical data trend for Global Partners LP's Change In Inventory 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.

* Premium members only.

Global Partners LP Change In Inventory Chart

Global Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -64.79 65.59 -123.89 -52.09 172.11

Global Partners LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Change In Inventory 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 -139.44 180.87 41.38 -46.98 -3.16

Global Partners LP Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $172 Mil.

* 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.

Global Partners LP  (NYSE:GLP) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Global Partners LP's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=394.0815/4128.715*365 / 4
=8.71

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Global Partners LP's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=4128.715 / 394.0815
=10.48

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Global Partners LP's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=394.0815 / 4409.112
=0.09

* 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.

Global Partners LP Change In Inventory Related Terms

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Global Partners LP (Global Partners LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Global Partners LP (NYSE:GLP) » Definitions » Change In Inventory
Comparable Companies
LPG GEL DHT NVGS TNK NGL TNP TK KNTK PBT TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP
Traded in Other Exchanges
GLPpB.PFD:USA GLPpA.PFD:USA
Address
800 South Street, P.O. Box 9161, Suite 500, Waltham, MA, USA, 02454-9161
Website
https://www.globalp.com
Global Partners LP is an us-based limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.
Executives
Global Gp Llc other: General Partner 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Clare Mcgrory Kelly director 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Jaime Pereira director C/O GLOBAL PARTNERS LP, 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
John T Hailer director 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Robert J Mccool director 1629 CHINABERRY WAY, NAPLES FL 34105
Robert W Owens director
Mark Romaine officer: Chief Operating Officer 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Gregory B. Hanson officer: Chief Financial Officer C/O GLOBAL PARTNERS LP, 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Matthew Spencer officer: Chief Accounting Officer C/O GLOBAL PARTNERS LP, 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Jeremy Langhorn officer: Chief Human Resources Officer C/O GLOBAL PARTNERS LP, 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Eric Slifka director, officer: Vice Chairman, President & CEO 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Sean T. Geary officer: Chief Legal Officer & Sec. 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Alfred A. Slifka 1990 Trust Under Article Ii-a 10 percent owner C/O NUTTER MCCLENNEN & FISH LLP, 155 SEAPORT BOULEVARD, BOSTON MA 02110
Richard Slifka director, 10 percent owner 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
David K Mckown director EATON VANCE MANAGEMENT, BOSTON MA 02110