Kinder Morgan (WBO:KMI) Receivables Turnover : 2.57 (As of Mar. 2024)

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What is Kinder Morgan Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Kinder Morgan's Revenue for the three months ended in Mar. 2024 was €3,535 Mil. Kinder Morgan's average Accounts Receivable for the three months ended in Mar. 2024 was €1,374 Mil. Hence, Kinder Morgan's Receivables Turnover for the three months ended in Mar. 2024 was 2.57.

Kinder Morgan Receivables Turnover Historical Data

The historical data trend for Kinder Morgan's Receivables 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 Receivables Turnover Chart

Kinder Morgan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.30

8.35

11.81

11.46

8.81

Kinder Morgan Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.44	2.67	2.82	2.59	2.57

Competitive Comparison of Kinder Morgan's Receivables Turnover

For the Oil & Gas Midstream subindustry, Kinder Morgan's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kinder Morgan's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kinder Morgan's Receivables Turnover falls into.

Kinder Morgan Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Kinder Morgan's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	14061.278	/ (	(1736.96	+	1456.196)	/	2 )
=	14061.278	/	1596.578
=	8.81

Kinder Morgan's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3534.64	/ (	(1456.196	+	1291.68)	/	2 )
=	3534.64	/	1373.938
=	2.57

Kinder Morgan (WBO:KMI) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Kinder Morgan Receivables Turnover Related Terms

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Kinder Morgan (WBO:KMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Inc (WBO:KMI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KMI:USA 2KD:Germany KMIC34:Brazil

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.