Kinder Morgan Inc (KMI)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,259,000 | 5,463,000 | 5,818,000 | 5,799,000 | 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 |
| Payables | US$ in thousands | 1,395,000 | 1,256,000 | 1,204,000 | 1,074,000 | 1,366,000 | 1,430,000 | 1,142,000 | 1,087,000 | 1,444,000 | 1,579,000 | 1,691,000 | 1,204,000 | 1,259,000 | 1,189,000 | 949,000 | 968,000 | 837,000 | 774,000 | 698,000 | 752,000 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,259,000K ÷ $1,395,000K
= 3.77
The payables turnover ratio for Kinder Morgan Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio measures how efficiently the company is managing its accounts payable by indicating how many times during a specific period the company pays off its suppliers.
From March 31, 2020, to September 30, 2021, the payables turnover ratio remained relatively stable, ranging between 4.24 and 5.68 times. However, the ratio saw a notable increase from December 31, 2021, reaching a peak of 8.80 on March 31, 2023. This significant increase could suggest that Kinder Morgan Inc improved its payables management efficiency during this period.
Subsequently, the ratio witnessed a decline in the following quarters, dropping to 3.77 by December 31, 2024. A decreasing trend in the payables turnover ratio could indicate that the company is taking longer to pay its suppliers, which may have implications for its working capital management and relationships with suppliers.
Overall, analyzing the payables turnover ratio provides insights into how effectively Kinder Morgan Inc is managing its payables and relationships with suppliers, with fluctuations possibly indicating changes in the company's payment practices and vendor relations over the analyzed period.
Peer comparison
Dec 31, 2024