Kinder Morgan Inc (KMI)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,100,000 | 15,151,000 | 15,359,000 | 15,288,000 | 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 |
| Receivables | US$ in thousands | 1,506,000 | 1,265,000 | 1,293,000 | 1,404,000 | 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 |
| 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,100,000K ÷ $1,506,000K
= 10.03
The receivables turnover ratio of Kinder Morgan Inc has shown some fluctuations over the periods from March 31, 2020, to December 31, 2024. The ratio indicates how efficiently the company is managing its receivables by collecting outstanding customer payments.
The ratio ranged from a low of 8.58 on June 30, 2022, to a high of 14.23 on March 31, 2023. A higher turnover ratio suggests that the company is collecting receivables more quickly, which is generally positive as it indicates efficient management of accounts receivable. On the other hand, a lower ratio may signify potential issues with collecting payments in a timely manner.
Overall, despite some fluctuations, the receivables turnover ratio of Kinder Morgan Inc has generally been within a reasonable range, indicating that the company has been effectively managing its accounts receivable during the analyzed period. It would be important for stakeholders to continue monitoring this ratio to ensure that the company maintains efficient collections processes.
Peer comparison
Dec 31, 2024