Global Partners LP (Global Partners LP) COGS-to-Revenue : 0.95 (As of Mar. 2024)

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What is Global Partners LP COGS-to-Revenue?

Global Partners LP's Cost of Goods Sold for the three months ended in Mar. 2024 was $3,930.26 Mil. Its Revenue for the three months ended in Mar. 2024 was $4,145.39 Mil.

Global Partners LP's COGS to Revenue for the three months ended in Mar. 2024 was 0.95.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Global Partners LP's Gross Margin % for the three months ended in Mar. 2024 was 5.19%.

Global Partners LP COGS-to-Revenue Historical Data

The historical data trend for Global Partners LP's COGS-to-Revenue 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 COGS-to-Revenue Chart

Global Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.95

0.91

0.95

0.94

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
COGS-to-Revenue	Get a 7-Day Free Trial															0.94	0.94	0.95	0.94	0.95

Global Partners LP COGS-to-Revenue Calculation

Global Partners LP's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	15518.534	/	16492.174
	=	0.94

Global Partners LP's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3930.257	/	4145.392
	=	0.95

Global Partners LP (NYSE:GLPpB.PFD) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Global Partners LP's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	3930.257 / 4145.392
	=	5.19 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Global Partners LP COGS-to-Revenue 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 » COGS-to-Revenue

Comparable Companies

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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.