Kinder Morgan Inc (KMI)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,334,000 | 19,200,000 | 16,610,000 | 11,700,000 | 13,209,000 |
| Total current assets | US$ in thousands | 2,542,000 | 3,803,000 | 3,829,000 | 3,203,000 | 3,238,000 |
| Total current liabilities | US$ in thousands | 7,221,000 | 6,930,000 | 5,821,000 | 5,074,000 | 5,100,000 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $15,334,000K ÷ ($2,542,000K – $7,221,000K)
= —
To calculate Kinder Morgan Inc's working capital turnover, we need the following formula: Working Capital Turnover = Revenue / Average Working Capital.
Given that the data for working capital is not provided in the table, we are unable to compute the exact working capital turnover ratio for the years in question. However, if we had the working capital figures, we would use the formula above, where the revenue would be obtained from the company's income statement and the average working capital would be calculated as (Beginning Working Capital + Ending Working Capital) / 2.
The working capital turnover ratio is a measure of how efficiently a company is using its working capital to generate revenue. A higher ratio indicates that the company is able to generate more revenue with the given amount of working capital, reflecting good efficiency in managing its assets and liabilities. Conversely, a lower ratio may imply inefficiency in the management of working capital.
As the specific figures are not available, we cannot provide a quantitative analysis of Kinder Morgan Inc's working capital turnover.
Peer comparison
Dec 31, 2023