Kinder Morgan (Kinder Morgan) Total Inventories

: $525 Mil (As of Dec. 2023)

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Kinder Morgan's total inventories for the quarter that ended in Dec. 2023 was $525 Mil. Kinder Morgan's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $545 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kinder Morgan's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-17.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kinder Morgan's Days Inventory for the three months ended in Dec. 2023 was 25.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kinder Morgan's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.51.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Kinder Morgan's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Kinder Morgan Total Inventories Historical Data

The historical data trend for Kinder Morgan's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kinder Morgan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

371.00

348.00

562.00

634.00

525.00

Kinder Morgan Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																634.00	589.00	569.00	565.00	525.00

Kinder Morgan Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Kinder Morgan (NYSE:KMI) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Kinder Morgan's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(83	+	0.75 * 1588	+	0.5 * 525	-	39291
-	0	-	1423)	/	2219.73
=	-17.65

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Kinder Morgan's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	545	/	1914	*	365 / 4
	=	25.98

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Kinder Morgan's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1914	/	545
	=	3.51

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Kinder Morgan's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	545	/	4038
	=	0.13

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Kinder Morgan Total Inventories Related Terms

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Kinder Morgan (Kinder Morgan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Inc (NYSE:KMI) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

2KD:Germany 2KD:Germany KMIC34:Brazil KMI:Austria

Address

1001 Louisiana Street, Suite 1000, Houston, TX, USA, 77002

Website

https://www.kindermorgan.com

Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 83,000 miles in pipelines and 140 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.

Executives

John W Schlosser	officer: V.P. (President, Terminals)	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Dax Sanders	officer: V.P., Corporate Development	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Denise R Mathews	officer: VP, Human Resources/Admin/IT	1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Sital K Mody	officer: V.P. (Pres.,Nat Gas Pipelines)	1001 LOUISIANA STREET SUITE 1000, HOUSTON TX 77002
Anthony B Ashley	officer: VP (President, CO2 and ETV)	1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Jesse Arenivas	officer: VP(President, CO2)	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Deborah Macdonald	director	KINDER MORGAN, INC., 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Gary Hultquist	director	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Robert F Vagt	director	5300 MEMORIAL DR, STE 800, HOUSTON TX 77007
Thomas A Martin	officer: VP (Pres., Natural Gas Pipeln)	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
William A Smith	director	KINDER MORGAN, 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Richard D Kinder	director, officer: Chairman & CEO	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Perry M Waughtal	director	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002
Kevin P Grahmann	officer: V.P., Corporate Development	1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Steven J Kean	director, officer: Exec VP & COO	1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002