ONEOK Inc (OKE)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 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 | 22.26 | 25.80 | 45.75 | 37.05 | |
| DOH | days | 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 | 16.40 | 14.15 | 7.98 | 9.85 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 18.67
= 19.55
The days of inventory on hand (DOH) for Oneok Inc. have shown some fluctuations over the past eight quarters. In Q4 2023, the DOH was 24.08 days, which decreased from the previous quarter's 29.47 days. This decline indicates that the company was able to manage its inventory more efficiently during this period.
In Q2 2023, the DOH was significantly lower at 3.68 days, showing a notable decrease compared to the previous quarters. However, in the following quarter (Q3 2023), the DOH increased to 29.47 days, suggesting a potential build-up of inventory during that period.
Looking at the trend over the past year, Oneok Inc. has generally maintained a low DOH, with Q1, Q2, Q3, and Q4 of 2022 all showing DOH figures ranging from 3.04 to 3.73 days. This consistency suggests effective inventory management practices during that time.
Overall, the fluctuations in Oneok Inc.'s days of inventory on hand indicate variations in inventory management efficiency and the need for continuous monitoring to optimize inventory levels and minimize carrying costs.
Peer comparison
Dec 31, 2023
See also:
ONEOK Inc Average Inventory Processing Period (Quarterly Data)