Kinder Morgan Inc (KMI)
Fixed asset turnover
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 15,100,000 | 15,151,000 | 15,359,000 | 15,288,000 | 15,334,000 | 15,875,000 | 17,145,000 | 18,795,000 | 19,200,000 | 19,046,000 | 17,693,000 | 15,692,000 | 16,610,000 | 15,300,000 | 14,395,000 | 13,805,000 | 11,700,000 | 11,937,000 | 12,232,000 | 12,886,000 |
Property, plant and equipment | US$ in thousands | 38,013,000 | 37,709,000 | 37,533,000 | 37,313,000 | 37,297,000 | 35,944,000 | 35,759,000 | 35,639,000 | 35,599,000 | 35,534,000 | 35,530,000 | 35,557,000 | 35,653,000 | 35,576,000 | 34,570,000 | 35,605,000 | 35,836,000 | 35,958,000 | 36,027,000 | 36,041,000 |
Fixed asset turnover | 0.40 | 0.40 | 0.41 | 0.41 | 0.41 | 0.44 | 0.48 | 0.53 | 0.54 | 0.54 | 0.50 | 0.44 | 0.47 | 0.43 | 0.42 | 0.39 | 0.33 | 0.33 | 0.34 | 0.36 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $15,100,000K ÷ $38,013,000K
= 0.40
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. It is calculated by dividing total revenue by average fixed assets.
Analyzing the data provided for Kinder Morgan Inc, we can see that the fixed asset turnover ratio has fluctuated over the years. It was relatively low at 0.36 as of March 31, 2020, and showed a declining trend until September 30, 2021, reaching 0.33. However, there was a noticeable improvement in the ratio from March 31, 2022, onwards, reaching a peak of 0.54 on December 31, 2022.
Subsequently, the ratio experienced some fluctuation but generally remained in the range of 0.40 to 0.54 until December 31, 2024, indicating that the company was effectively utilizing its fixed assets to generate revenue during this period.
Overall, the trend in Kinder Morgan Inc's fixed asset turnover ratio suggests that the company has made improvements in efficiently utilizing its fixed assets to generate revenue over the years covered in the data provided.
Peer comparison
Dec 31, 2024