Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Global Partners LP's Sloan Ratio for the quarter that ended in Dec. 2023 was 3.84%.
As of Dec. 2023, Global Partners LP has a Sloan Ratio of 3.84%, indicating the company is in the safe zone and there is no funny business with accruals.
Global Partners LP Sloan Ratio % Historical Data
The historical data trend for Global Partners LP's Sloan Ratio % 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 Sloan Ratio %
For the Oil & Gas Midstream subindustry, Global Partners LP's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Sloan Ratio % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Global Partners LP's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Global Partners LP's Sloan Ratio % falls into.
Global Partners LP Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Global Partners LP's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Global Partners LP's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 29.031 (Mar. 2023 ) + 41.389 (Jun. 2023 ) + 26.808 (Sep. 2023 ) + 55.278 (Dec. 2023 ) = $153 Mil.
Global Partners LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -19.325 (Mar. 2023 ) + 265.262 (Jun. 2023 ) + 97.088 (Sep. 2023 ) + 169.416 (Dec. 2023 ) = $512 Mil.
Global Partners LP's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -12.069 (Mar. 2023 ) + -95.504 (Jun. 2023 ) + -14.234 (Sep. 2023 ) + -370.573 (Dec. 2023 ) = $-492 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) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Dec. 2023, Global Partners LP has a Sloan Ratio of 3.84%, indicating the company is in the safe zone and there is no funny business with accruals.
Global Partners LP Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Global Partners LP's Sloan Ratio % 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GLP has been successfully added to your 