Kinder Morgan Inc (KMI)

Total asset 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
Total assets	US$ in thousands	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	74,157,000	76,931,000	76,695,000	76,292,000
Total asset turnover		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	0.18	0.18	0.18	0.19

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,334,000K ÷ $71,020,000K
= 0.22

Over the past eight quarters, Kinder Morgan Inc's total asset turnover ratio has varied between 0.22 and 0.27. This ratio measures the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover ratio indicates a more efficient use of assets to generate revenue.

In the recent quarters, there seems to be a fluctuation in the total asset turnover ratio, with some quarters showing a slight decrease and others showing a slight increase. The variations suggest that Kinder Morgan Inc may be experiencing changes in its asset utilization efficiency over time.

The average total asset turnover ratio over the period appears to be around 0.25, indicating that, on average, the company generates $0.25 in revenue for every $1 of assets it holds. Further analysis could be done to determine the specific reasons behind the fluctuations and to assess the company's overall asset management effectiveness.