Kinder Morgan Inc (KMI)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		9.48	10.39	10.83	10.58	11.21	11.60	13.83	16.24	16.14	16.60	15.54	15.20	16.19	13.83	13.62	12.58	10.19	10.62	10.40	12.52
DOH	days	38.52	35.14	33.69	34.49	32.56	31.46	26.40	22.48	22.62	21.99	23.49	24.02	22.55	26.40	26.80	29.01	35.83	34.37	35.09	29.16

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.48
= 38.52

The Days of Inventory on Hand (DOH) ratio for Kinder Morgan Inc has shown some fluctuations over the past few quarters. From March 31, 2020, to December 31, 2020, the DOH ratio increased from 29.16 days to 35.83 days, indicating that the company held inventory for a longer period during this time frame.

Subsequently, there was a downward trend, with the ratio declining to 22.55 days by December 31, 2021. This suggests a more efficient management of inventory levels by the company. However, there was a slight increase in DOH to 24.02 days by March 31, 2022, before dropping again to 21.99 days by September 30, 2022.

Overall, the trend in the DOH ratio for Kinder Morgan Inc has been somewhat volatile, with fluctuations observed in the holding period of inventory. However, the company appears to have made efforts to optimize its inventory management, as evidenced by the decreasing trend in recent periods. It will be important to monitor future changes in the DOH ratio to assess the company's inventory efficiency and operational effectiveness.