Kinder Morgan Inc (KMI)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,100,000 | 15,334,000 | 19,200,000 | 16,610,000 | 11,700,000 |
| Receivables | US$ in thousands | 1,506,000 | 1,588,000 | 1,882,000 | 1,653,000 | 1,340,000 |
| Receivables turnover | 10.03 | 9.66 | 10.20 | 10.05 | 8.73 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $15,100,000K ÷ $1,506,000K
= 10.03
The receivables turnover ratio for Kinder Morgan Inc has shown an improving trend over the past five years. In December 2020, the ratio stood at 8.73 times, indicating that the company collected its accounts receivable approximately 8.73 times during the year.
By December 2021, the receivables turnover ratio had increased to 10.05 times, suggesting that Kinder Morgan was able to convert its accounts receivable into cash more efficiently. This trend continued in the following years, with the ratio reaching 10.20 times by December 2022 and 10.03 times by December 2024.
However, there was a slight dip in the receivables turnover ratio to 9.66 times by December 2023. Despite this decrease, the overall trend indicates that Kinder Morgan has been effectively managing its accounts receivable and collecting outstanding payments in a timely manner. This improvement in receivables turnover reflects positively on the company’s liquidity and ability to convert credit sales into cash.
Peer comparison
Dec 31, 2024