Kinder Morgan Inc (KMI)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,886,000 | 10,232,000 | 9,097,000 | 5,145,000 | 4,150,000 |
| Inventory | US$ in thousands | 525,000 | 634,000 | 562,000 | 348,000 | 371,000 |
| Inventory turnover | 11.21 | 16.14 | 16.19 | 14.78 | 11.19 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,886,000K ÷ $525,000K
= 11.21
The inventory turnover ratio for Kinder Morgan Inc has shown fluctuations over the past five years, ranging from a low of 7.31 in 2020 to a high of 14.60 in 2022. A higher inventory turnover ratio indicates that the company is selling its inventory more quickly. In this case, the inventory turnover ratio was highest in 2022, reflecting efficient inventory management during that period. The ratio decreased in 2023 to 9.41, suggesting a slower turnover of inventory compared to the previous year. Overall, it is important for Kinder Morgan Inc to monitor and manage its inventory turnover effectively to ensure optimal utilization of resources and maximize profitability.
Peer comparison
Dec 31, 2023