Global Partners LP (Global Partners LP) Days Payable

: 13.34 (As of Dec. 2023)

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Global Partners LP's average Accounts Payable for the three months ended in Dec. 2023 was $603 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 Payable for the three months ended in Dec. 2023 was 13.34.

The historical rank and industry rank for Global Partners LP's Days Payable or its related term are showing as below:

GLP' s Days Payable Range Over the Past 10 Years
Min: 8.17 Med: 13.69 Max: 14.8
Current: 11.39

During the past 13 years, Global Partners LP's highest Days Payable was 14.80. The lowest was 8.17. And the median was 13.69.

GLP's Days Payable is ranked worse than
92.67% of 900 companies
in the Oil & Gas industry
Industry Median: 59.865 vs GLP: 11.39

Global Partners LP's Days Payable increased from Dec. 2022 (11.89) to Dec. 2023 (13.34). It may suggest that Global Partners LP delayed paying its suppliers.

Global Partners LP Days Payable Historical Data

The historical data trend for Global Partners LP's Days Payable 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

10.03

13.96

8.17

9.08

13.87

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
Days Payable																11.89	9.78	8.69	10.93	13.34

Competitive Comparison

For the Oil & Gas Midstream subindustry, Global Partners LP's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution

For the Oil & Gas industry and Energy sector, Global Partners LP's Days Payable distribution charts can be found below:

* The bar in red indicates where Global Partners LP's Days Payable falls into.

Global Partners LP Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Global Partners LP's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (530.94	+	648.717)	/	2 )	/	15518.534	*	365
=	589.8285					/	15518.534	*	365
=	13.87

Global Partners LP's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (558.228	+	648.717)	/	2 )	/	4128.715	*	365 / 4
=	603.4725					/	4128.715	*	365 / 4
=	13.34

Global Partners LP Days Payable 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 » Days Payable

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