Kinder Morgan Inc (KMI)
Total asset 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 |
| Total assets | US$ in thousands | 71,407,000 | 70,879,000 | 70,702,000 | 70,736,000 | 71,020,000 | 68,862,000 | 69,073,000 | 68,931,000 | 70,078,000 | 69,992,000 | 69,390,000 | 69,135,000 | 70,416,000 | 69,640,000 | 70,175,000 | 71,208,000 | 71,973,000 | 71,821,000 | 71,784,000 | 73,530,000 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,100,000K ÷ $71,407,000K
= 0.21
Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. Kinder Morgan Inc's total asset turnover has fluctuated over the past few years, ranging from 0.16 to 0.27. The ratio reached its lowest point of 0.16 on December 31, 2020, and has shown an upward trend since then, reaching its peak of 0.27 on September 30, 2022, and maintaining this level until December 31, 2024.
A total asset turnover ratio of less than 1 indicates that the company is not effectively utilizing its assets to generate sales. Kinder Morgan Inc's ratio has generally been below 1, suggesting that the company may not be efficiently leveraging its assets to generate revenue. However, the increasing trend in the ratio over the years indicates an improvement in asset utilization, with the company generating more sales relative to its total assets.
Overall, the analysis of Kinder Morgan Inc's total asset turnover ratio points to a mixed performance in asset utilization, with some improvement observed in recent periods. Management could focus on further enhancing operational efficiencies to increase the company's ability to generate sales from its assets.
Peer comparison
Dec 31, 2024