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		3.77	4.31	7.09	7.23	6.15
Number of days of payables	days	96.82	84.71	51.51	50.52	59.38

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.77
= 96.82

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.