Kinder Morgan Inc (KMI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.84 | 5.26 | 7.92 | 6.85 | 5.63 | |
| Number of days of payables | days | 53.34 | 69.36 | 46.07 | 53.26 | 64.88 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.84
= 53.34
To analyze Kinder Morgan Inc's number of days of payables, we will calculate the average number of days of payables over the five-year period from 2020 to 2024:
1. Calculate the total number of days of payables over the five years:
59.38 days (2020) + 50.52 days (2021) + 51.51 days (2022) + 84.71 days (2023) + 96.82 days (2024) = 342.94 days
2. Calculate the average number of days of payables:
Average days of payables = Total days of payables / Number of years
Average days of payables = 342.94 days / 5 years ≈ 68.59 days
Based on the data provided, Kinder Morgan Inc's average number of days of payables over the five-year period is approximately 68.59 days. This indicates that, on average, the company takes around 68.59 days to pay its suppliers and vendors. It is important to note that a higher number of days of payables may suggest that the company is taking longer to pay its obligations, which could indicate potential cash flow issues or strained supplier relationships. Conversely, a lower number of days of payables may indicate efficient management of payables and better cash flow management.
Peer comparison
Dec 31, 2024