Kinder Morgan Inc (KMI)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		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	11.19	11.23	10.94	13.72
DOH	days	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	32.63	32.49	33.36	26.59

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.21
= 32.56

To analyze Kinder Morgan Inc's days of inventory on hand (DOH) over the past eight quarters, we observe a fluctuating trend.

In Q1 2022, the company had 33.82 days of inventory on hand, which then increased to 31.00 days in Q2 2022 before rising further to 28.11 days in Q3 2022. However, starting from Q4 2022, there was a downward trend with DOH declining to 25.00 days and further decreasing to 25.07 days in Q1 2023, indicating a more efficient management of inventory.

Subsequently, in Q2 2023, DOH decreased significantly to 30.26 days and then to 37.14 days in Q3 2023. Finally, in Q4 2023, the DOH increased to 38.81 days, indicating a potential buildup of inventory.

Overall, the DOH ratio for Kinder Morgan Inc has shown variability over the eight quarters, with a notable decrease in the last two quarters. It may be beneficial for stakeholders to closely monitor inventory management strategies to ensure optimal efficiency in the utilization of resources.