Kinder Morgan Inc (KMI)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		3.77	4.35	4.83	5.40	4.31	4.58	6.89	8.80	7.09	7.52	6.34	7.46	7.23	5.31	5.68	5.06	4.24	4.35	5.01	5.11
Number of days of payables	days	96.82	83.92	75.53	67.60	84.71	79.61	52.98	41.49	51.51	48.57	57.57	48.93	50.52	68.68	64.22	72.19	86.18	83.93	72.90	71.42

December 31, 2024 calculation

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

The number of days of payables for Kinder Morgan Inc has shown fluctuations over the past few years. For the most recent period available, December 31, 2024, the company reported a number of days of payables of 96.82 days. This indicates that, on average, Kinder Morgan takes approximately 96.82 days to pay off its trade payables.

Looking at the trend over the past few years, there have been both increases and decreases in the number of days of payables. From March 31, 2023, to March 31, 2024, there was a significant decrease in the number of days of payables from 84.71 days to 67.60 days, suggesting that the company was able to settle its payables more efficiently during this period.

However, it is important to note that the number of days of payables can be influenced by various factors such as changes in payment terms with suppliers, company's cash flow position, and overall working capital management practices. Therefore, a thorough analysis of these factors is essential to fully understand the dynamics behind the changes in Kinder Morgan's number of days of payables.