Stock Analysis on Net

Kinder Morgan Inc. (NYSE:KMI)

This company has been moved to the archive! The financial data has not been updated since April 29, 2020.

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

Kinder Morgan Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Turnover Ratios
Inventory turnover 9.70 8.80 9.10 9.02 10.14 11.48 11.40 10.15 9.69 10.25 9.92 9.56 10.13 9.80 10.12 9.48 10.32 10.11
Receivables turnover 10.87 9.64 10.71 11.36 10.81 9.44 10.11 10.14 10.15 9.46 11.27 11.41 10.52 9.53 10.38 10.71 11.64 10.95
Payables turnover 3.96 3.57 4.02 4.51 4.30 3.31 3.34 3.36 3.51 3.24 3.13 3.09 3.17 2.78 2.76 3.15 3.69 3.11
Working capital turnover 50.52
Average No. Days
Average inventory processing period 38 42 40 40 36 32 32 36 38 36 37 38 36 37 36 38 35 36
Add: Average receivable collection period 34 38 34 32 34 39 36 36 36 39 32 32 35 38 35 34 31 33
Operating cycle 72 80 74 72 70 71 68 72 74 75 69 70 71 75 71 72 66 69
Less: Average payables payment period 92 102 91 81 85 110 109 109 104 113 117 118 115 131 132 116 99 117
Cash conversion cycle -20 -22 -17 -9 -15 -39 -41 -37 -30 -38 -48 -48 -44 -56 -61 -44 -33 -48

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Kinder Morgan Inc. inventory turnover ratio deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level.
Receivables turnover An activity ratio equal to revenue divided by receivables. Kinder Morgan Inc. receivables turnover ratio deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Kinder Morgan Inc. payables turnover ratio decreased from Q3 2019 to Q4 2019 but then increased from Q4 2019 to Q1 2020 not reaching Q3 2019 level.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Kinder Morgan Inc. number of days of inventory outstanding deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Kinder Morgan Inc. operating cycle deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Kinder Morgan Inc. number of days of payables outstanding increased from Q3 2019 to Q4 2019 but then slightly decreased from Q4 2019 to Q1 2020 not reaching Q3 2019 level.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Kinder Morgan Inc. cash conversion cycle improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020.

Inventory Turnover

Kinder Morgan Inc., inventory turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Costs of sales 663 776 762 777 948 1,199 1,135 1,068 1,019 1,145 1,029 1,090 1,081 1,044 971 752 731 834 1,106 1,085 1,090
Inventories 307 371 405 450 429 385 383 420 442 424 428 438 380 357 325 361 364 407 445 474 453
Short-term Activity Ratio
Inventory turnover1 9.70 8.80 9.10 9.02 10.14 11.48 11.40 10.15 9.69 10.25 9.92 9.56 10.13 9.80 10.12 9.48 10.32 10.11
Benchmarks
Inventory Turnover, Competitors2
Chevron Corp. 20.59 23.92
ConocoPhillips 40.74 31.74
Exxon Mobil Corp. 15.09 13.79
Marathon Petroleum Corp. 14.05 10.76
Occidental Petroleum Corp. 16.02 14.09
Valero Energy Corp. 28.30 14.76

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Inventory turnover = (Costs of salesQ1 2020 + Costs of salesQ4 2019 + Costs of salesQ3 2019 + Costs of salesQ2 2019) ÷ Inventories
= (663 + 776 + 762 + 777) ÷ 307 = 9.70

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Kinder Morgan Inc. inventory turnover ratio deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level.

Receivables Turnover

Kinder Morgan Inc., receivables turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Revenues 3,106 3,352 3,214 3,214 3,429 3,781 3,517 3,428 3,418 3,632 3,281 3,368 3,424 3,389 3,330 3,144 3,195 3,636 3,707 3,463 3,597
Accounts receivable, net 1,186 1,370 1,273 1,227 1,310 1,498 1,384 1,357 1,349 1,448 1,194 1,184 1,263 1,370 1,282 1,278 1,203 1,315 1,404 1,349 1,420
Short-term Activity Ratio
Receivables turnover1 10.87 9.64 10.71 11.36 10.81 9.44 10.11 10.14 10.15 9.46 11.27 11.41 10.52 9.53 10.38 10.71 11.64 10.95
Benchmarks
Receivables Turnover, Competitors2
Chevron Corp. 13.32 10.50
ConocoPhillips 13.98 9.97
Marathon Petroleum Corp. 21.12 15.75
Occidental Petroleum Corp. 9.36 3.20

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Receivables turnover = (RevenuesQ1 2020 + RevenuesQ4 2019 + RevenuesQ3 2019 + RevenuesQ2 2019) ÷ Accounts receivable, net
= (3,106 + 3,352 + 3,214 + 3,214) ÷ 1,186 = 10.87

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Kinder Morgan Inc. receivables turnover ratio deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level.

Payables Turnover

Kinder Morgan Inc., payables turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Costs of sales 663 776 762 777 948 1,199 1,135 1,068 1,019 1,145 1,029 1,090 1,081 1,044 971 752 731 834 1,106 1,085 1,090
Accounts payable 752 914 916 900 1,012 1,337 1,307 1,269 1,221 1,340 1,358 1,353 1,214 1,257 1,192 1,087 1,017 1,324 1,226 1,293 1,393
Short-term Activity Ratio
Payables turnover1 3.96 3.57 4.02 4.51 4.30 3.31 3.34 3.36 3.51 3.24 3.13 3.09 3.17 2.78 2.76 3.15 3.69 3.11
Benchmarks
Payables Turnover, Competitors2
Chevron Corp. 12.30 9.92
ConocoPhillips 10.20 10.25
Marathon Petroleum Corp. 12.91 9.48
Occidental Petroleum Corp. 5.98 2.91
Valero Energy Corp. 17.61 10.15

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Payables turnover = (Costs of salesQ1 2020 + Costs of salesQ4 2019 + Costs of salesQ3 2019 + Costs of salesQ2 2019) ÷ Accounts payable
= (663 + 776 + 762 + 777) ÷ 752 = 3.96

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Kinder Morgan Inc. payables turnover ratio decreased from Q3 2019 to Q4 2019 but then increased from Q4 2019 to Q1 2020 not reaching Q3 2019 level.

Working Capital Turnover

Kinder Morgan Inc., working capital turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current assets 3,096 3,238 2,365 2,300 2,262 5,722 5,766 2,634 2,628 2,715 2,613 2,726 2,675 3,229 3,363 2,470 2,481 2,824 3,067 2,936 3,289
Less: Current liabilities 5,608 5,100 6,826 5,659 5,009 7,557 5,489 5,379 5,429 6,181 6,174 6,363 6,689 5,924 6,044 6,566 4,396 4,065 6,191 6,499 6,784
Working capital (2,512) (1,862) (4,461) (3,359) (2,747) (1,835) 277 (2,745) (2,801) (3,466) (3,561) (3,637) (4,014) (2,695) (2,681) (4,096) (1,915) (1,241) (3,124) (3,563) (3,495)
 
Revenues 3,106 3,352 3,214 3,214 3,429 3,781 3,517 3,428 3,418 3,632 3,281 3,368 3,424 3,389 3,330 3,144 3,195 3,636 3,707 3,463 3,597
Short-term Activity Ratio
Working capital turnover1 50.52
Benchmarks
Working Capital Turnover, Competitors2
Chevron Corp. 414.01 77.75
ConocoPhillips 4.18 3.30
Exxon Mobil Corp.
Marathon Petroleum Corp. 55.50 30.81
Occidental Petroleum Corp. 10.72 5.46
Valero Energy Corp. 38.84 18.65

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Working capital turnover = (RevenuesQ1 2020 + RevenuesQ4 2019 + RevenuesQ3 2019 + RevenuesQ2 2019) ÷ Working capital
= (3,106 + 3,352 + 3,214 + 3,214) ÷ -2,512 =

2 Click competitor name to see calculations.


Average Inventory Processing Period

Kinder Morgan Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Inventory turnover 9.70 8.80 9.10 9.02 10.14 11.48 11.40 10.15 9.69 10.25 9.92 9.56 10.13 9.80 10.12 9.48 10.32 10.11
Short-term Activity Ratio (no. days)
Average inventory processing period1 38 42 40 40 36 32 32 36 38 36 37 38 36 37 36 38 35 36
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Chevron Corp. 18 15
ConocoPhillips 9 11
Exxon Mobil Corp. 24 26
Marathon Petroleum Corp. 26 34
Occidental Petroleum Corp. 23 26
Valero Energy Corp. 13 25

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 9.70 = 38

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Kinder Morgan Inc. number of days of inventory outstanding deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level.

Average Receivable Collection Period

Kinder Morgan Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Receivables turnover 10.87 9.64 10.71 11.36 10.81 9.44 10.11 10.14 10.15 9.46 11.27 11.41 10.52 9.53 10.38 10.71 11.64 10.95
Short-term Activity Ratio (no. days)
Average receivable collection period1 34 38 34 32 34 39 36 36 36 39 32 32 35 38 35 34 31 33
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Chevron Corp. 27 35
ConocoPhillips 26 37
Marathon Petroleum Corp. 17 23
Occidental Petroleum Corp. 39 114

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 10.87 = 34

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.

Operating Cycle

Kinder Morgan Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Average inventory processing period 38 42 40 40 36 32 32 36 38 36 37 38 36 37 36 38 35 36
Average receivable collection period 34 38 34 32 34 39 36 36 36 39 32 32 35 38 35 34 31 33
Short-term Activity Ratio
Operating cycle1 72 80 74 72 70 71 68 72 74 75 69 70 71 75 71 72 66 69
Benchmarks
Operating Cycle, Competitors2
Chevron Corp. 45 50
ConocoPhillips 35 48
Marathon Petroleum Corp. 43 57
Occidental Petroleum Corp. 62 140

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 38 + 34 = 72

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Kinder Morgan Inc. operating cycle deteriorated from Q3 2019 to Q4 2019 but then improved from Q4 2019 to Q1 2020 exceeding Q3 2019 level.

Average Payables Payment Period

Kinder Morgan Inc., average payables payment period calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Payables turnover 3.96 3.57 4.02 4.51 4.30 3.31 3.34 3.36 3.51 3.24 3.13 3.09 3.17 2.78 2.76 3.15 3.69 3.11
Short-term Activity Ratio (no. days)
Average payables payment period1 92 102 91 81 85 110 109 109 104 113 117 118 115 131 132 116 99 117
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Chevron Corp. 30 37
ConocoPhillips 36 36
Marathon Petroleum Corp. 28 38
Occidental Petroleum Corp. 61 126
Valero Energy Corp. 21 36

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 3.96 = 92

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Kinder Morgan Inc. number of days of payables outstanding increased from Q3 2019 to Q4 2019 but then slightly decreased from Q4 2019 to Q1 2020 not reaching Q3 2019 level.

Cash Conversion Cycle

Kinder Morgan Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Average inventory processing period 38 42 40 40 36 32 32 36 38 36 37 38 36 37 36 38 35 36
Average receivable collection period 34 38 34 32 34 39 36 36 36 39 32 32 35 38 35 34 31 33
Average payables payment period 92 102 91 81 85 110 109 109 104 113 117 118 115 131 132 116 99 117
Short-term Activity Ratio
Cash conversion cycle1 -20 -22 -17 -9 -15 -39 -41 -37 -30 -38 -48 -48 -44 -56 -61 -44 -33 -48
Benchmarks
Cash Conversion Cycle, Competitors2
Chevron Corp. 15 13
ConocoPhillips -1 12
Marathon Petroleum Corp. 15 19
Occidental Petroleum Corp. 1 14

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 38 + 3492 = -20

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Kinder Morgan Inc. cash conversion cycle improved from Q3 2019 to Q4 2019 but then slightly deteriorated from Q4 2019 to Q1 2020.