Global Roic vs Income Quality Analysis

GLP Stock

USD 55.08 1.43 2.67%

Global Partners financial indicator trend analysis is much more than just examining Global Partners LP latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Partners LP is a good investment. Please check the relationship between Global Partners Roic and its Income Quality accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Partners LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Roic vs Income Quality

Roic vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Partners LP Roic account and Income Quality. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Global Partners' Roic and Income Quality is 0.11. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Income Quality in the same time period over historical financial statements of Global Partners LP, assuming nothing else is changed. The correlation between historical values of Global Partners' Roic and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Global Partners LP are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Roic i.e., Global Partners' Roic and Income Quality go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Most indicators from Global Partners' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Partners LP current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Partners LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At this time, Global Partners' Tax Provision is relatively stable compared to the past year. As of 12/12/2024, Enterprise Value Over EBITDA is likely to grow to 9.49, while Selling General Administrative is likely to drop slightly above 141.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	80.1M	81.3M	85.6M	48.6M
Depreciation And Amortization	102.2M	104.8M	110.1M	115.6M

Interest Expense Depreciation And Amortization

Global Partners fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Other Stockholder Equity	Property Plant And Equipment Gross	Other Current Liab	Other Liab	Accounts Payable	Long Term Debt	Short Term Investments	Inventory	Other Current Assets	Intangible Assets	Property Plant Equipment	Short Long Term Debt Total	Current Deferred Revenue
Total Assets		0.77	0.18	0.76	0.89	0.38	0.73	0.32	-0.45	0.38	0.92	0.98	0.6	0.07	0.57	0.24	0.72	0.34	0.76	0.34	0.46	0.74	0.34	0.75	0.86	0.59
Total Current Liabilities	0.77		0.36	0.44	0.5	0.32	0.4	0.33	-0.58	0.32	0.59	0.78	0.92	0.16	0.37	0.14	0.35	0.8	0.49	0.37	0.8	0.32	0.35	0.48	0.45	0.53
Total Stockholder Equity	0.18	0.36		0.3	-0.13	0.19	0.35	0.49	-0.62	0.19	-0.03	0.09	0.22	0.53	0.47	0.32	0.36	0.43	0.07	0.19	0.13	-0.21	-0.05	0.42	-0.13	0.34
Property Plant And Equipment Net	0.76	0.44	0.3		0.77	0.68	0.99	0.67	-0.62	0.68	0.72	0.74	0.2	0.41	0.92	0.51	0.94	0.01	0.63	0.11	0.13	0.77	-0.04	0.98	0.8	0.68
Net Debt	0.89	0.5	-0.13	0.77		0.42	0.74	0.16	-0.24	0.42	0.92	0.92	0.35	-0.03	0.53	0.1	0.76	-0.03	0.79	0.2	0.31	0.86	0.26	0.71	0.99	0.62
Cash	0.38	0.32	0.19	0.68	0.42		0.68	0.75	-0.67	1.0	0.36	0.43	0.14	0.64	0.8	0.3	0.56	0.12	0.39	-0.29	0.03	0.42	-0.19	0.66	0.46	0.62
Non Current Assets Total	0.73	0.4	0.35	0.99	0.74	0.68		0.67	-0.62	0.68	0.7	0.71	0.15	0.43	0.93	0.5	0.96	-0.02	0.61	0.1	0.08	0.72	-0.02	0.98	0.77	0.67
Non Currrent Assets Other	0.32	0.33	0.49	0.67	0.16	0.75	0.67		-0.87	0.75	0.16	0.28	0.15	0.82	0.86	0.69	0.49	0.32	0.25	-0.04	0.02	0.33	-0.39	0.68	0.2	0.35
Other Assets	-0.45	-0.58	-0.62	-0.62	-0.24	-0.67	-0.62	-0.87		-0.67	-0.21	-0.43	-0.47	-0.87	-0.81	-0.45	-0.52	-0.54	-0.42	-0.29	-0.39	-0.24	0.19	-0.67	-0.25	-0.57
Cash And Short Term Investments	0.38	0.32	0.19	0.68	0.42	1.0	0.68	0.75	-0.67		0.36	0.43	0.14	0.64	0.8	0.3	0.56	0.12	0.39	-0.29	0.03	0.42	-0.19	0.66	0.46	0.62
Common Stock Shares Outstanding	0.92	0.59	-0.03	0.72	0.92	0.36	0.7	0.16	-0.21	0.36		0.93	0.45	-0.14	0.46	0.18	0.73	0.08	0.73	0.21	0.32	0.78	0.48	0.69	0.89	0.5
Total Liab	0.98	0.78	0.09	0.74	0.92	0.43	0.71	0.28	-0.43	0.43	0.93		0.64	0.06	0.54	0.14	0.7	0.34	0.77	0.32	0.52	0.74	0.37	0.72	0.89	0.64
Total Current Assets	0.6	0.92	0.22	0.2	0.35	0.14	0.15	0.15	-0.47	0.14	0.45	0.64		0.1	0.13	-0.05	0.13	0.82	0.38	0.5	0.93	0.16	0.46	0.23	0.28	0.39
Other Stockholder Equity	0.07	0.16	0.53	0.41	-0.03	0.64	0.43	0.82	-0.87	0.64	-0.14	0.06	0.1		0.71	0.36	0.33	0.26	0.23	0.06	0.07	0.04	-0.47	0.44	0.01	0.37
Property Plant And Equipment Gross	0.57	0.37	0.47	0.92	0.53	0.8	0.93	0.86	-0.81	0.8	0.46	0.54	0.13	0.71		0.56	0.85	0.11	0.52	0.06	0.05	0.57	-0.23	0.92	0.58	0.65
Other Current Liab	0.24	0.14	0.32	0.51	0.1	0.3	0.5	0.69	-0.45	0.3	0.18	0.14	-0.05	0.36	0.56		0.38	0.02	0.17	-0.16	-0.15	0.42	-0.44	0.55	0.11	-0.02
Other Liab	0.72	0.35	0.36	0.94	0.76	0.56	0.96	0.49	-0.52	0.56	0.73	0.7	0.13	0.33	0.85	0.38		-0.12	0.68	0.19	0.08	0.66	0.12	0.95	0.79	0.66
Accounts Payable	0.34	0.8	0.43	0.01	-0.03	0.12	-0.02	0.32	-0.54	0.12	0.08	0.34	0.82	0.26	0.11	0.02	-0.12		0.05	0.34	0.69	-0.14	0.21	0.07	-0.08	0.22
Long Term Debt	0.76	0.49	0.07	0.63	0.79	0.39	0.61	0.25	-0.42	0.39	0.73	0.77	0.38	0.23	0.52	0.17	0.68	0.05		0.36	0.33	0.72	0.08	0.64	0.78	0.58
Short Term Investments	0.34	0.37	0.19	0.11	0.2	-0.29	0.1	-0.04	-0.29	-0.29	0.21	0.32	0.5	0.06	0.06	-0.16	0.19	0.34	0.36		0.5	0.08	0.41	0.13	0.16	0.17
Inventory	0.46	0.8	0.13	0.13	0.31	0.03	0.08	0.02	-0.39	0.03	0.32	0.52	0.93	0.07	0.05	-0.15	0.08	0.69	0.33	0.5		0.12	0.33	0.16	0.26	0.41
Other Current Assets	0.74	0.32	-0.21	0.77	0.86	0.42	0.72	0.33	-0.24	0.42	0.78	0.74	0.16	0.04	0.57	0.42	0.66	-0.14	0.72	0.08	0.12		-0.09	0.68	0.86	0.47
Intangible Assets	0.34	0.35	-0.05	-0.04	0.26	-0.19	-0.02	-0.39	0.19	-0.19	0.48	0.37	0.46	-0.47	-0.23	-0.44	0.12	0.21	0.08	0.41	0.33	-0.09		-0.02	0.19	0.02
Property Plant Equipment	0.75	0.48	0.42	0.98	0.71	0.66	0.98	0.68	-0.67	0.66	0.69	0.72	0.23	0.44	0.92	0.55	0.95	0.07	0.64	0.13	0.16	0.68	-0.02		0.74	0.68
Short Long Term Debt Total	0.86	0.45	-0.13	0.8	0.99	0.46	0.77	0.2	-0.25	0.46	0.89	0.89	0.28	0.01	0.58	0.11	0.79	-0.08	0.78	0.16	0.26	0.86	0.19	0.74		0.64
Current Deferred Revenue	0.59	0.53	0.34	0.68	0.62	0.62	0.67	0.35	-0.57	0.62	0.5	0.64	0.39	0.37	0.65	-0.02	0.66	0.22	0.58	0.17	0.41	0.47	0.02	0.68	0.64

Click cells to compare fundamentals

Global Partners Account Relationship Matchups

Global Partners fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.8B	2.5B	2.8B	3.2B	3.4B	1.9B
Total Current Liabilities	753.9M	497.5M	839.6M	971.5M	982.8M	702.7M
Total Stockholder Equity	(5.1M)	1.6M	(1.9M)	788.4M	798.8M	838.8M
Property Plant And Equipment Net	1.4B	1.4B	1.4B	1.5B	1.8B	1.9B
Net Debt	1.7B	1.5B	1.6B	1.4B	1.5B	897.7M
Cash	12.0M	9.7M	10.8M	4.0M	19.6M	20.6M
Non Current Assets Total	1.8B	1.8B	1.8B	2.0B	2.4B	2.6B
Non Currrent Assets Other	31.1M	26.6M	32.3M	30.7M	123.8M	130.0M
Other Assets	61.6M	57.1M	32.3M	30.7M	(86.3M)	(82.0M)
Cash And Short Term Investments	12.0M	9.7M	10.8M	4.0M	19.6M	20.6M
Common Stock Shares Outstanding	34.3M	34.3M	34.3M	34.0M	34.0M	24.0M
Liabilities And Stockholders Equity	2.4B	2.0B	2.3B	3.2B	3.5B	1.8B
Total Liab	2.3B	2.0B	2.3B	2.4B	2.6B	1.6B
Total Current Assets	1.0B	781.4M	1.1B	1.2B	1.1B	923.6M
Other Stockholder Equity	5.1M	(2.2M)	(1.9M)	406K	658.7M	691.6M
Property Plant And Equipment Gross	1.4B	1.4B	1.4B	1.5B	2.8B	2.9B
Other Current Liab	12.7M	143.3M	175.0M	179.3M	189.9M	199.4M
Other Liab	149.6M	164.7M	158.4M	187.7M	215.9M	226.7M
Accounts Payable	373.4M	207.9M	353.3M	530.9M	648.7M	418.8M
Long Term Debt	690.5M	737.6M	932.7M	840.0M	1.1B	586.9M
Inventory	450.5M	384.4M	509.5M	566.7M	397.3M	461.2M
Other Current Assets	121.0M	157.6M	132.4M	117.3M	121.0M	76.4M
Intangible Assets	46.8M	35.9M	26.0M	26.9M	20.7M	19.7M
Property Plant Equipment	1.1B	1.1B	1.4B	1.5B	1.7B	1.8B
Short Long Term Debt Total	1.7B	1.5B	1.6B	1.4B	1.5B	1.0B
Current Deferred Revenue	42.6M	150.7M	167.8M	187.6M	215.7M	226.5M
Net Receivables	421.0M	229.7M	412.3M	481.2M	559.9M	454.9M
Non Current Liabilities Total	1.6B	1.5B	1.5B	1.4B	1.7B	995.0M
Accumulated Other Comprehensive Income	(5.1M)	1.6M	(1.9M)	(449K)	381K	362.0K
Short Term Debt	217.1M	109.8M	267.1M	218.3M	76.7M	72.9M
Retained Earnings	(470.8M)	(494.5M)	(533.5M)	(788.5M)	(658.7M)	(625.7M)
Good Will	324.5M	323.6M	328.1M	427.8M	429.2M	299.8M
Deferred Long Term Liab	42.9M	42.9M	56.2M	56.8M	65.3M	39.0M
Common Stock	398.5M	428.8M	392.1M	649.0M	658.7M	499.7M
Net Tangible Assets	88M	136.0M	173.6M	193.9M	174.5M	143.2M
Non Current Liabilities Other	861.9M	753.6M	53.5M	57.3M	61.2M	58.1M
Long Term Debt Total	690.5M	737.6M	1.1B	981.8M	1.1B	790.7M
Short Long Term Debt	148.9M	34.4M	204.7M	153.4M	16.8M	16.0M
Capital Lease Obligations	307.5M	302.0M	435.0M	438.1M	398.6M	320.9M

Pair Trading with Global Partners

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Global Partners position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Global Partners will appreciate offsetting losses from the drop in the long position's value.

Moving together with Global Stock

0.69	AM	Antero Midstream Partners	Pair Corr
0.95	EE	Excelerate Energy	Pair Corr
0.96	ET	Energy Transfer LP	Pair Corr
0.95	DLNG	Dynagas LNG Partners	Pair Corr

Moving against Global Stock

0.89	PXS	Pyxis Tankers	Pair Corr
0.86	LPG	Dorian LPG	Pair Corr
0.86	NAT	Nordic American Tankers	Pair Corr
0.82	PXSAW	Pyxis Tankers	Pair Corr
0.8	FRO	Frontline	Pair Corr

The ability to find closely correlated positions to Global Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Partners when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Partners - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Partners LP to buy it.

The correlation of Global Partners is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Partners LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Global Partners can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Global Stock Analysis

When running Global Partners' price analysis, check to measure Global Partners' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Global Partners is operating at the current time. Most of Global Partners' value examination focuses on studying past and present price action to predict the probability of Global Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Partners' price. Additionally, you may evaluate how the addition of Global Partners to your portfolios can decrease your overall portfolio volatility.

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