Kinder Morgan Canada (TSX:KML.PR.C.PFD) Inventory Turnover : 2.80 (As of Sep. 2019)

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What is Kinder Morgan Canada Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Kinder Morgan Canada's Cost of Goods Sold for the three months ended in Sep. 2019 was C$22.10 Mil. Kinder Morgan Canada's Average Total Inventories for the quarter that ended in Sep. 2019 was C$7.90 Mil. Kinder Morgan Canada's Inventory Turnover for the quarter that ended in Sep. 2019 was 2.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kinder Morgan Canada's Days Inventory for the three months ended in Sep. 2019 was 32.62.

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 Canada's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.08.

Kinder Morgan Canada Inventory Turnover Historical Data

The historical data trend for Kinder Morgan Canada's Inventory Turnover 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.

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Kinder Morgan Canada Inventory Turnover Chart

Kinder Morgan Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

11.28

5.50

7.28

11.16

Kinder Morgan Canada Quarterly Data
	Dec14	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Inventory Turnover	Get a 7-Day Free Trial												1.98	2.83	2.93	2.89	2.80

Kinder Morgan Canada Inventory Turnover Calculation

Kinder Morgan Canada's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	82.6	/ (	(7.3	+	7.5)	/	2 )
=	82.6	/	7.4
=	11.16

Kinder Morgan Canada's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

	Inventory Turnover (Q: Sep. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2019 )	/ (	(Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Sep. 2019 ))	/	count )
=	22.1	/ (	(7.8	+	8)	/	2 )
=	22.1	/	7.9
=	2.80

Kinder Morgan Canada (TSX:KML.PR.C.PFD) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Kinder Morgan Canada's Days Inventory for the three months ended in Sep. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2019 )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
	=	7.9	/	22.1	*	365 / 4
	=	32.62

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 Canada's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	7.9	/	102.3
	=	0.08

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Kinder Morgan Canada Inventory Turnover Related Terms

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Kinder Morgan Canada (TSX:KML.PR.C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Canada Ltd (TSX:KML.PR.C.PFD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 - 5th Avenue S.W., Suite 2700, Calgary, AB, CAN, T2P 5J2

Website

http://www.kindermorgancanadaltd.com

Kinder Morgan Canada Ltd operates as an integrated network of pipeline systems and terminal facilities in Canada. The business activities are carried out through two segments namely Pipelines and Terminals. The Pipelines business unit is composed of the Trans Mountain pipeline system, the Canadian portion of the Cochin pipeline system, the Puget Sound pipeline system, and the Jet Fuel pipeline system. The Terminals business unit is composed of the Vancouver Wharves terminal in British Columbia and numerous terminals in Edmonton, Alberta. Geographically the business presence of the firm is spread across the US and Canada.

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