Global Partners LP (Global Partners LP) Total Inventories : $397 Mil (As of Dec. 2023)

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What is Global Partners LP Total Inventories?

Global Partners LP's total inventories for the quarter that ended in Dec. 2023 was $397 Mil. Global Partners LP's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $394 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Global Partners LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-59.42.

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 three months 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 Total Inventories Historical Data

The historical data trend for Global Partners LP's Total Inventories 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 Total Inventories Chart

Global Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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450.48

384.43

509.52

566.73

397.31

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
Total Inventories	Get a 7-Day Free Trial															566.73	385.30	343.87	390.85	397.31

Global Partners LP Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Global Partners LP (NYSE:GLP) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Global Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(19.642	+	0.75 * 551.764	+	0.5 * 397.314	-	2645.351
-	0	-	0)	/	33.8824
=	-59.42

2. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	394.0815	/	4128.715	*	365 / 4
	=	8.71

3. 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 (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	4128.715	/	394.0815
	=	10.48

4. 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 (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	394.0815	/	4409.112
	=	0.09

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Global Partners LP Total Inventories 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 » Total Inventories

Comparable Companies

GEL LPG DHT TNK NVGS KNTK TNP NGL TK GLNG TSX:ENB EPD ET WMB OKE MPLX KMI TSX:TRP 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