Days Inventory is also known as Days Sales of Inventory (DSI). Kinder Morgan's Average Total Inventories for the
three
months ended in Dec. 2023 was $545 Mil. Kinder Morgan's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,914 Mil.
Hence, Kinder Morgan's Days Inventory for the
three
months ended in Dec. 2023 was 25.98.
The historical rank and industry rank for Kinder Morgan's Days Inventory or its related term are showing as below:
KMI'
s Days Inventory Range Over the Past 10 Years
Min: 19.08 Med: 23.15 Max: 29.43
Current: 29.27
During the past 13 years, Kinder Morgan's highest Days Inventory was 29.43. The lowest was 19.08. And the median was 23.15.
KMI's Days Inventory is ranked better than 52.67% of 729
companies
in the Oil & Gas industry
Industry Median: 31.63
vs KMI: 29.27
Kinder Morgan's Days Inventory
increased
from Dec. 2022 (24.47) to Dec. 2023 (25.98).
It might indicate that Kinder Morgan's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Kinder Morgan's Inventory Turnover for the
three
months 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
three
months ended in Dec. 2023 was 0.13.
Kinder Morgan Days Inventory Historical Data
The historical data trend for Kinder Morgan's Days Inventory 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
Days Inventory
24.32
27.87
19.25
19.08
29.43
Kinder Morgan Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
24.47
31.35
34.58
26.32
25.98
Competitive Comparison
For the Oil & Gas Midstream subindustry, Kinder Morgan's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kinder Morgan Days Inventory Distribution
For the Oil & Gas industry and Energy sector, Kinder Morgan's Days Inventory distribution charts can be found below:
* The bar in red indicates where Kinder Morgan's Days Inventory falls into.
Kinder Morgan Days Inventory Calculation
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 fiscal year that ended in Dec. 2023 is calculated as
* 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.
Kinder Morgan (NYSE:KMI) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Kinder Morgan's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. 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
three
months ended in Dec. 2023 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Kinder Morgan Days Inventory Related Terms
Thank you for viewing the detailed overview of Kinder Morgan's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Kinder Morgan (Kinder Morgan) Business Description
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.
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