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


See also:

Kinder Morgan Inc Receivables Turnover (Quarterly Data)