Days Inventory is also known as Days Sales of Inventory (DSI). Global Partners LP's Average Total Inventories for the
three
months ended in Dec. 2023 was $394 Mil. Global Partners LP's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $4,129 Mil.
Hence, Global Partners LP's Days Inventory for the
three
months ended in Dec. 2023 was 8.71.
The historical rank and industry rank for Global Partners LP's Days Inventory or its related term are showing as below:
GLP'
s Days Inventory Range Over the Past 10 Years
Min: 9.8 Med: 12.66 Max: 21.61
Current: 9.8
During the past 13 years, Global Partners LP's highest Days Inventory was 21.61. The lowest was 9.80. And the median was 12.66.
GLP's Days Inventory is ranked better than 79.86% of 730
companies
in the Oil & Gas industry
Industry Median: 31.555
vs GLP: 9.80
Global Partners LP's Days Inventory
declined
from Dec. 2022 (10.95) to Dec. 2023 (8.71).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Global Partners LP's Inventory Turnover for the
three
months 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
three
months ended in Dec. 2023 was 0.09.
Global Partners LP Days Inventory Historical Data
The historical data trend for Global Partners LP's Days 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.
Competitive Comparison of Global Partners LP's Days Inventory
For the Oil & Gas Midstream subindustry, Global Partners LP's Days Inventory, along with its competitors' market caps and Days Inventory 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.
Global Partners LP's Days Inventory Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Global Partners LP's Days Inventory distribution charts can be found below:
* The bar in red indicates where Global Partners LP's Days Inventory falls into.
Global Partners LP Days Inventory Calculation
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 fiscal year that ended in Dec. 2023 is calculated as
* 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) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Global Partners LP's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. 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
three
months ended in Dec. 2023 is calculated as
* 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
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Global Partners LP Days Inventory Related Terms
Thank you for viewing the detailed overview of Global Partners LP's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Global Partners LP (Global Partners LP) Business Description
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.
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