Global Partners LP (Global Partners LP) Change In Inventory : $-16.01 Mil (TTM As of Mar. 2024)

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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 Mar. 2024 was $-7.26 Mil. It means Global Partners LP's inventory increased by $7.26 Mil from Dec. 2023 to Mar. 2024 .

Global Partners LP's change in inventory for the fiscal year that ended in Dec. 2023 was $172.11 Mil. It means Global Partners LP's inventory declined by $172.11 Mil from Dec. 2022 to Dec. 2023 .

Global Partners LP's Total Inventories for the quarter that ended in Mar. 2024 was $403.96 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 Mar. 2024 was 9.30.

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 Mar. 2024 was 9.81.

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 Mar. 2024 was 0.10.

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.

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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

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-64.79

65.59

-123.89

-52.09

172.11

Global Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															180.87	41.38	-46.98	-3.16	-7.26

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16.01 Mil.

Global Partners LP (NYSE:GLPpB.PFD) 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
	=	400.6345	/	3930.257	*	365 / 4
	=	9.30

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 Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3930.257	/	400.6345
	=	9.81

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 Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	400.6345	/	4145.392
	=	0.10

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:GLPpB.PFD) » Definitions » Change In Inventory

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Traded in Other Exchanges

GLP: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.