Kinder Morgan Inc (KMI)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	9.48	10.39	10.83	10.58	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
Receivables turnover	10.03	11.98	11.88	10.89	9.66	10.57	13.35	14.23	10.20	10.17	8.58	9.45	10.05	10.68	10.17	9.69	8.73	10.45	11.40	10.87
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
Working capital turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Inventory Turnover: The inventory turnover ratio measures how efficiently a company manages its inventory by showing how many times its inventory is sold and replaced over a period. Kinder Morgan Inc's inventory turnover has been relatively stable between 2020 and 2024, ranging from around 9.48 to 16.60 times. The increasing trend indicates an improvement in inventory management efficiency over the years.

Receivables Turnover: The receivables turnover ratio reflects how effectively a company collects its outstanding accounts receivable during a specific period. Kinder Morgan Inc's receivables turnover has shown fluctuation but generally improved from 8.73 in December 2020 to around 11.98 in September 2024. The increasing trend suggests that the company has been collecting its receivables more efficiently over time.

Payables Turnover: The payables turnover ratio measures how quickly a company pays off its suppliers. Kinder Morgan Inc's payables turnover has varied over the years but showed an increasing trend, from 3.77 in December 2024 to around 8.80 in March 2023. A higher payables turnover ratio indicates that the company is managing its payables effectively by paying off its suppliers more quickly.

Working Capital Turnover: Due to the data provided, it seems that the working capital turnover ratio for Kinder Morgan Inc is not available or not applicable for the period between March 2020 and December 2024. As this ratio is not calculable or relevant based on the given information, it is not possible to provide an analysis on the company's efficiency in generating revenue in relation to its working capital.

In summary, Kinder Morgan Inc has shown improvements in managing inventory, collecting receivables, and paying off suppliers efficiently over the years, as indicated by the increasing trends in its activity ratios. These metrics demonstrate the company's focus on optimizing its operational performance and cash flow management.

Average number of days

		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
Days of inventory on hand (DOH)	days	38.52	35.14	33.69	34.49	32.56	31.46	26.40	22.48	22.62	21.99	23.49	24.02	22.55	26.40	26.80	29.01	35.83	34.37	35.09	29.16
Days of sales outstanding (DSO)	days	36.40	30.47	30.73	33.52	37.80	34.53	27.34	25.65	35.78	35.89	42.56	38.64	36.32	34.19	35.90	37.68	41.80	34.92	32.02	33.59
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

The Days of Inventory on Hand (DOH) for Kinder Morgan Inc have shown a declining trend from 29.16 days as of March 31, 2020, to 38.52 days as of December 31, 2024. This suggests that the company has been managing its inventory more efficiently over the years.

In terms of Days of Sales Outstanding (DSO), Kinder Morgan Inc experienced fluctuations in the number of days it takes to collect revenue from sales. DSO ranged from 25.65 days on March 31, 2023, to 42.56 days on June 30, 2022. The decrease in DSO towards the end of the period indicates improved collection efficiency.

The Number of Days of Payables, representing the average number of days it takes to pay suppliers, shows fluctuations over the years. The trend varied from 41.49 days on March 31, 2023, to 96.82 days on December 31, 2024. A higher number of days of payables implies that the company is taking longer to settle its outstanding liabilities to suppliers.

Overall, analyzing the activity ratios of Kinder Morgan Inc highlights improvements in inventory management and collection efficiency, but also indicates fluctuations in payment terms with suppliers over the period under review.

Long-term

	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
Fixed asset turnover	0.40	0.40	0.41	0.41	0.41	0.44	0.48	0.53	0.54	0.54	0.50	0.44	0.47	0.43	0.42	0.39	0.33	0.33	0.34	0.36
Total asset turnover	0.21	0.21	0.22	0.22	0.22	0.23	0.25	0.27	0.27	0.27	0.25	0.23	0.24	0.22	0.21	0.19	0.16	0.17	0.17	0.18

The fixed asset turnover ratio measures how efficiently a company generates revenue from its fixed assets such as property, plant, and equipment. For Kinder Morgan Inc, the fixed asset turnover ratio has shown a fluctuating trend over the observed periods, ranging from 0.33 to 0.54.

The company's fixed asset turnover ratio improved from 0.33 in December 2020 to 0.54 in September 2022, indicating a more efficient utilization of its fixed assets during that period. However, there was a slight decline in the ratio to 0.40 by December 2024, suggesting a potential decrease in the efficiency of utilizing fixed assets for revenue generation.

On the other hand, the total asset turnover ratio reflects how well a company utilizes all its assets to generate sales. Kinder Morgan Inc's total asset turnover ratio ranged from 0.16 to 0.27 during the analyzed periods.

The total asset turnover ratio for Kinder Morgan Inc experienced some fluctuations but generally increased from 0.16 in December 2020 to 0.27 in December 2022, indicating an improvement in the company's overall asset utilization efficiency. However, the ratio decreased slightly to 0.21 by December 2024, suggesting a potential decline in the company's ability to generate revenue from its total assets.

Overall, a higher fixed asset turnover ratio indicates better efficiency in asset utilization, while a higher total asset turnover ratio signifies improved overall asset management for revenue generation. It is important for Kinder Morgan Inc to continue monitoring and optimizing these ratios to ensure the effective use of its assets for sustainable growth.