ONEOK Inc (OKE)

Days of sales outstanding (DSO)

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
Receivables turnover 9.30 15.44 13.74 10.07 10.06 10.99 18.77 18.61 14.61 13.17 12.03 11.17 11.47 9.14 10.37 10.55 10.29 12.03 14.33 19.14
DSO days 39.26 23.64 26.56 36.23 36.27 33.22 19.45 19.61 24.98 27.71 30.34 32.68 31.82 39.93 35.18 34.60 35.46 30.34 25.48 19.07

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.30
= 39.26

Days Sales Outstanding (DSO) is a crucial indicator of a company's efficiency in collecting payments from customers for credit sales. For ONEOK Inc, the DSO has exhibited fluctuations over the reported periods.

From March 31, 2020, to December 31, 2020, there was a steady increase in DSO from 19.07 days to 35.46 days, indicating a potential slowdown in collections. However, in the first half of 2021, DSO remained relatively stable before rising again in the second half of 2021 and reaching a peak of 39.93 days on September 30, 2021.

Over the subsequent periods, there was a slight decline in DSO, reaching its lowest point of 19.45 days on June 30, 2023. This was followed by an increase in DSO until December 31, 2024, where it stood at 39.26 days, indicating a potential delay in customer payments.

Overall, ONEOK Inc's DSO has shown fluctuations, suggesting varying efficiency in accounts receivable management. It is essential for the company to closely monitor and manage its credit policies and collections process to maintain a healthy balance between sales and cash flow.

Peer comparison

Dec 31, 2024

Company name
Symbol
DSO
ONEOK Inc
OKE
39.26
Chesapeake Utilities Corporation
CPK
41.16
Southwest Gas Holdings Inc
SWX
59.68

See also:

ONEOK Inc Average Receivable Collection Period (Quarterly Data)