Kinder Morgan Inc (KMI)
Receivables turnover
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 15,334,000 | 15,875,000 | 17,145,000 | 18,795,000 | 19,200,000 | 19,046,000 | 17,693,000 | 15,692,000 | 16,610,000 | 15,300,000 | 14,395,000 | 13,805,000 | 11,700,000 | 11,937,000 | 12,232,000 | 12,886,000 | 13,209,000 | 13,638,000 | 13,941,000 | 14,155,000 |
Receivables | US$ in thousands | 1,588,000 | 1,502,000 | 1,284,000 | 1,321,000 | 1,882,000 | 1,873,000 | 2,063,000 | 1,661,000 | 1,653,000 | 1,433,000 | 1,416,000 | 1,425,000 | 1,340,000 | 1,142,000 | 1,073,000 | 1,186,000 | 1,408,000 | 1,273,000 | 1,227,000 | 1,310,000 |
Receivables turnover | 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 | 9.38 | 10.71 | 11.36 | 10.81 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,334,000K ÷ $1,588,000K
= 9.66
The receivables turnover ratio for Kinder Morgan Inc has shown some variation throughout the past eight quarters. In Q1 2022, the ratio was relatively low at 9.45, indicating that the company collected its accounts receivable about 9.45 times during that quarter. This figure improved in subsequent quarters, reaching a peak in Q3 2023 at 13.35.
Overall, the trend shows a generally increasing pattern in the efficiency of collecting accounts receivable over the specified period. A higher receivables turnover ratio suggests that the company is collecting its accounts receivable more frequently, which can be seen as a positive sign of effective credit and collection policies.
However, it is important to note that a very high receivables turnover ratio could also indicate a very conservative credit policy that may be limiting potential sales. Therefore, a balance must be struck to ensure efficient collections without hindering revenue generation.
Peer comparison
Dec 31, 2023