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.