Global Payables Turnover from 2010 to 2024

GLBE Stock  USD 49.89  2.03  4.24%   
Global E's Payables Turnover is decreasing over the years with slightly volatile fluctuation. Payables Turnover is expected to dwindle to 4.54. Payables Turnover is a liquidity ratio that shows how quickly Global E Online pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
6.60233987
Current Value
4.54
Quarterly Volatility
0.63717733
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Global E financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Global E's main balance sheet or income statement drivers, such as Tax Provision of 2.1 M, Net Interest Income of 5.5 M or Depreciation And Amortization of 181.3 M, as well as many indicators such as Price To Sales Ratio of 10.6, Dividend Yield of 0.0 or PTB Ratio of 6.7. Global financial statements analysis is a perfect complement when working with Global E Valuation or Volatility modules.
  
Check out the analysis of Global E Correlation against competitors.

Latest Global E's Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of Global E Online over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Global E's Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Global E's overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Slightly volatile
   Payables Turnover   
       Timeline  

Global Payables Turnover Regression Statistics

Arithmetic Mean5.84
Geometric Mean5.80
Coefficient Of Variation10.92
Mean Deviation0.52
Median6.12
Standard Deviation0.64
Sample Variance0.41
Range2.0623
R-Value(0.48)
Mean Square Error0.34
R-Squared0.23
Significance0.07
Slope(0.07)
Total Sum of Squares5.68

Global Payables Turnover History

2024 4.54
2023 6.6
2022 4.8
2021 6.39
2020 4.87
2019 5.22

About Global E Financial Statements

Global E stakeholders use historical fundamental indicators, such as Global E's Payables Turnover, to determine how well the company is positioned to perform in the future. Although Global E investors may analyze each financial statement separately, they are all interrelated. For example, changes in Global E's assets and liabilities are reflected in the revenues and expenses on Global E's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Global E Online. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Payables Turnover 6.60  4.54 

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Global E Online is a strong investment it is important to analyze Global E's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Global E's future performance. For an informed investment choice regarding Global Stock, refer to the following important reports:
Check out the analysis of Global E Correlation against competitors.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Broadline Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Global E. If investors know Global will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Global E listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.66)
Revenue Per Share
3.814
Quarterly Revenue Growth
0.26
Return On Assets
(0.05)
Return On Equity
(0.12)
The market value of Global E Online is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global E's value that differs from its market value or its book value, called intrinsic value, which is Global E's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Global E's market value can be influenced by many factors that don't directly affect Global E's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Global E's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global E is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global E's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.