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


See also:

Kinder Morgan Inc Inventory Turnover (Quarterly Data)