ONEOK Inc (OKE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 21,925,000 | 16,811,000 | 22,386,900 | 16,540,300 | 8,542,240 |
| Property, plant and equipment | US$ in thousands | 45,935,000 | 32,697,000 | 19,952,000 | 19,319,900 | 19,154,900 |
| Fixed asset turnover | 0.48 | 0.51 | 1.12 | 0.86 | 0.45 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $21,925,000K ÷ $45,935,000K
= 0.48
Based on the provided data, the fixed asset turnover ratio for ONEOK Inc has fluctuated over the years. The ratio was 0.45 as of December 31, 2020, indicating that the company generated $0.45 in revenue for every dollar invested in fixed assets.
By December 31, 2021, the fixed asset turnover improved to 0.86, suggesting that ONEOK Inc became more efficient in utilizing its fixed assets to generate revenue. Subsequently, the ratio continued to increase, reaching 1.12 by December 31, 2022, indicating a significant improvement in the company's asset utilization efficiency.
However, there was a decline in the fixed asset turnover ratio to 0.51 as of December 31, 2023, which may suggest a decrease in the company's ability to generate revenue with its fixed assets efficiently. This trend persisted with the ratio dropping further to 0.48 by December 31, 2024.
Overall, the fluctuation in ONEOK Inc's fixed asset turnover ratio over the years highlights variations in the company's efficiency in generating revenue from its investment in fixed assets. Further analysis would be beneficial to understand the factors contributing to these fluctuations and assess the company's overall asset utilization efficiency.
Peer comparison
Dec 31, 2024