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Kinder Morgan Inc. (NYSE:KMI)
Analysis of Short-term (Operating) Activity Ratios
Beginner level
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Kinder Morgan Inc., short-term (operating) activity ratios
Based on: 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-16).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Kinder Morgan Inc.’s inventory turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Kinder Morgan Inc.’s receivables turnover ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Kinder Morgan Inc.’s payables turnover ratio increased from 2017 to 2018 and from 2018 to 2019. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. |
| 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.’s number of days of inventory outstanding improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| 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.’s operating cycle improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| 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.’s number of days of payables outstanding decreased from 2017 to 2018 and from 2018 to 2019. |
| 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.’s cash conversion cycle improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Inventory Turnover
Kinder Morgan Inc., inventory turnover calculation, comparison to benchmarks
Based on: 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-16).
1 2019 Calculation
Inventory turnover = Costs of sales ÷ Inventories
= ÷ =
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Kinder Morgan Inc.’s inventory turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Receivables Turnover
Kinder Morgan Inc., receivables turnover calculation, comparison to benchmarks
Based on: 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-16).
1 2019 Calculation
Receivables turnover = Revenues ÷ Accounts receivable, net
= ÷ =
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Kinder Morgan Inc.’s receivables turnover ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
Payables Turnover
Kinder Morgan Inc., payables turnover calculation, comparison to benchmarks
Based on: 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-16).
1 2019 Calculation
Payables turnover = Costs of sales ÷ Accounts payable
= ÷ =
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Kinder Morgan Inc.’s payables turnover ratio increased from 2017 to 2018 and from 2018 to 2019. |
Working Capital Turnover
Kinder Morgan Inc., working capital turnover calculation, comparison to benchmarks
Based on: 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-16).
1 2019 Calculation
Working capital turnover = Revenues ÷ Working capital
= ÷ =
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. |
Average Inventory Processing Period
Kinder Morgan Inc., average inventory processing period calculation, comparison to benchmarks
Based on: 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-16).
1 2019 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ =
| 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.’s number of days of inventory outstanding improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Average Receivable Collection Period
Kinder Morgan Inc., average receivable collection period calculation, comparison to benchmarks
Based on: 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-16).
1 2019 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ =
| 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, comparison to benchmarks
No. days
Based on: 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-16).
1 2019 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= + =
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Kinder Morgan Inc.’s operating cycle improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Average Payables Payment Period
Kinder Morgan Inc., average payables payment period calculation, comparison to benchmarks
Based on: 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-16).
1 2019 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =
| 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.’s number of days of payables outstanding decreased from 2017 to 2018 and from 2018 to 2019. |
Cash Conversion Cycle
Kinder Morgan Inc., cash conversion cycle calculation, comparison to benchmarks
No. days
Based on: 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-16).
1 2019 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= + – =
| 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.’s cash conversion cycle improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |