Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Kinder Morgan Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Kinder Morgan Inc. net fixed asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Kinder Morgan Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Kinder Morgan Inc. total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Kinder Morgan Inc. equity turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Net Fixed Asset Turnover
Kinder Morgan Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 13,209) | 14,144) | 13,705) | 13,058) | 14,403) | |
| Property, plant and equipment, net | 36,419) | 37,897) | 40,155) | 38,705) | 40,547) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 0.36 | 0.37 | 0.34 | 0.34 | 0.36 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.93 | — | — | — | — | |
| ConocoPhillips | 0.77 | — | — | — | — | |
| Exxon Mobil Corp. | 1.01 | — | — | — | — | |
| Marathon Petroleum Corp. | 2.72 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.25 | — | — | — | — | |
| Valero Energy Corp. | 3.70 | — | — | — | — | |
| Net Fixed Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.13 | — | — | — | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Energy | 1.17 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= 13,209 ÷ 36,419 = 0.36
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Kinder Morgan Inc. net fixed asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Kinder Morgan Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 13,209) | 14,144) | 13,705) | 13,058) | 14,403) | |
| Property, plant and equipment, net | 36,419) | 37,897) | 40,155) | 38,705) | 40,547) | |
| Operating lease ROU assets (located in Deferred charges and other assets) | 329) | —) | —) | —) | —) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 36,748) | 37,897) | 40,155) | 38,705) | 40,547) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 0.36 | 0.37 | 0.34 | 0.34 | 0.36 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Chevron Corp. | 0.90 | — | — | — | — | |
| ConocoPhillips | 0.75 | — | — | — | — | |
| Exxon Mobil Corp. | 0.98 | — | — | — | — | |
| Marathon Petroleum Corp. | 2.58 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.25 | — | — | — | — | |
| Valero Energy Corp. | 3.54 | — | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.10 | — | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Energy | 1.14 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 13,209 ÷ 36,748 = 0.36
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Kinder Morgan Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Total Asset Turnover
Kinder Morgan Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 13,209) | 14,144) | 13,705) | 13,058) | 14,403) | |
| Total assets | 74,157) | 78,866) | 79,055) | 80,305) | 84,104) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.18 | 0.18 | 0.17 | 0.16 | 0.17 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.59 | — | — | — | — | |
| ConocoPhillips | 0.46 | — | — | — | — | |
| Exxon Mobil Corp. | 0.70 | — | — | — | — | |
| Marathon Petroleum Corp. | 1.26 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.19 | — | — | — | — | |
| Valero Energy Corp. | 2.01 | — | — | — | — | |
| Total Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.73 | — | — | — | — | |
| Total Asset Turnover, Industry | ||||||
| Energy | 0.72 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Total asset turnover = Revenues ÷ Total assets
= 13,209 ÷ 74,157 = 0.18
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Kinder Morgan Inc. total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Equity Turnover
Kinder Morgan Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 13,209) | 14,144) | 13,705) | 13,058) | 14,403) | |
| Total Kinder Morgan, Inc.’s stockholders’ equity | 33,742) | 33,678) | 33,636) | 34,431) | 35,119) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 0.39 | 0.42 | 0.41 | 0.38 | 0.41 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.97 | — | — | — | — | |
| ConocoPhillips | 0.93 | — | — | — | — | |
| Exxon Mobil Corp. | 1.33 | — | — | — | — | |
| Marathon Petroleum Corp. | 3.68 | — | — | — | — | |
| Occidental Petroleum Corp. | 0.60 | — | — | — | — | |
| Valero Energy Corp. | 4.97 | — | — | — | — | |
| Equity Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.48 | — | — | — | — | |
| Equity Turnover, Industry | ||||||
| Energy | 1.47 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Equity turnover = Revenues ÷ Total Kinder Morgan, Inc.’s stockholders’ equity
= 13,209 ÷ 33,742 = 0.39
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Kinder Morgan Inc. equity turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |