Kinder Morgan Inc (KMI)
Inventory turnover
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 5,886,000 | 6,556,000 | 7,868,000 | 9,563,000 | 10,232,000 | 11,867,000 | 10,721,000 | 8,982,000 | 9,097,000 | 6,319,000 | 5,394,000 | 4,894,000 | 3,545,000 | 3,366,000 | 3,495,000 | 3,843,000 | 4,150,000 | 4,550,000 | 4,923,000 | 5,888,000 |
Inventory | US$ in thousands | 525,000 | 565,000 | 569,000 | 589,000 | 634,000 | 715,000 | 690,000 | 591,000 | 562,000 | 457,000 | 396,000 | 389,000 | 348,000 | 317,000 | 336,000 | 307,000 | 371,000 | 405,000 | 450,000 | 429,000 |
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 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,886,000K ÷ $525,000K
= 11.21
The inventory turnover of Kinder Morgan Inc has shown fluctuations over the past 8 quarters. The highest inventory turnover was observed in Q1 2023 at 14.56, indicating that the company had efficiently managed to sell and replace its inventory during that period. On the other hand, the lowest inventory turnover was noted in Q4 2023 at 9.41, suggesting a slower rate of inventory turnover compared to other quarters.
Overall, Kinder Morgan Inc has generally maintained a healthy inventory turnover ratio above 9 in all quarters, which indicates effective inventory management and a good balance between inventory levels and sales volume. The increasing trend observed from Q1 2022 to Q1 2023 suggests improvements in inventory management efficiency over time. However, the recent slight decline in Q4 2023 compared to the previous quarter should be monitored to ensure optimal inventory turnover levels are maintained.
Peer comparison
Dec 31, 2023
Dec 31, 2023