Analysis of Inventory
Inventory Disclosure
Kinder Morgan Inc., balance sheet: inventory
US$ in millions
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventories | 371) | 385) | 424) | 357) | 407) |
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).
Inventory levels exhibited moderate fluctuations between 2015 and 2019, maintaining a range between 357 million and 424 million US dollars. The overall trajectory indicates a slight downward trend over the five-year period, suggesting a stable approach to asset management.
- Short-term Volatility (2015–2017)
- A contraction is observed between December 31, 2015, and December 31, 2016, with inventories decreasing from 407 million to 357 million US dollars. This decline was reversed in 2017, when levels rose to a five-year peak of 424 million US dollars.
- Gradual Reduction (2017–2019)
- Following the 2017 peak, a consistent decline occurred over the subsequent two years. Inventory values fell to 385 million US dollars by the end of 2018 and reached 371 million US dollars by December 31, 2019.
- Five-Year Comparative Analysis
- Comparing the baseline of December 31, 2015, to the final period of December 31, 2019, there is a total decrease in inventory of approximately 8.8%. The absence of aggressive growth or steep declines suggests that inventory requirements remained relatively proportional to operational needs during this timeframe.
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