ONEOK Inc (OKE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 17.80 | 19.67 | 17.72 | 14.38 | 18.67 | 14.41 | 46.16 | 42.33 | 41.46 | 34.08 | 27.44 | 24.83 | 28.65 | 15.23 | 16.23 | 16.11 | 22.43 | 17.55 | 26.86 | 46.62 | |
| DOH | days | 20.51 | 18.56 | 20.60 | 25.37 | 19.55 | 25.33 | 7.91 | 8.62 | 8.80 | 10.71 | 13.30 | 14.70 | 12.74 | 23.97 | 22.49 | 22.66 | 16.27 | 20.80 | 13.59 | 7.83 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 17.80
= 20.51
The Days of Inventory on Hand (DOH) for ONEOK Inc has shown fluctuating trends over the past few years based on the provided data.
From March 2020 to September 2021, the DOH steadily increased from 7.83 days to 23.97 days, indicating an extended time period required to sell inventory. This could be attributed to various factors such as changes in demand, supply chain disruptions, or inventory management issues.
However, from December 2021 to June 2023, the DOH decreased significantly from 12.74 days to 7.91 days, suggesting an improvement in inventory turnover efficiency. This could signify better inventory management practices, streamlined operations, or adjustments to meet changing market conditions.
Subsequently, there was a notable increase in DOH from September 2023 to March 2024, reaching a peak of 25.37 days. This upsurge may point towards potential inventory buildup, slow sales, or challenges in optimizing inventory levels.
From June 2024 to December 2024, the DOH slightly decreased to around 20.51 days, indicating a potential effort to reduce excess inventory or enhance sales processes.
Overall, analyzing ONEOK Inc's DOH provides insights into the company's inventory management effectiveness, operational efficiency, and ability to adapt to market dynamics over the given time period.
Peer comparison
Dec 31, 2024
See also:
ONEOK Inc Average Inventory Processing Period (Quarterly Data)