ONEOK Inc (OKE)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 21,625,000 | 19,328,000 | 18,279,000 | 17,117,000 | 17,157,000 | 17,259,030 | 19,198,560 | 21,462,560 | 22,386,560 | 22,775,020 | 21,397,670 | 18,790,630 | 16,540,310 | 13,690,400 | 11,328,480 | 9,600,250 | 8,542,240 | 8,635,270 | 8,724,240 | 9,521,090 |
| Property, plant and equipment | US$ in thousands | 45,935,000 | 33,613,000 | 33,415,000 | 32,807,000 | 32,697,000 | 32,089,000 | 20,229,000 | 20,040,000 | 19,952,000 | 19,789,800 | 19,601,200 | 19,425,200 | 19,319,900 | 19,221,900 | 19,181,500 | 19,125,300 | 19,154,900 | 19,029,300 | 18,981,200 | 18,629,500 |
| Fixed asset turnover | 0.47 | 0.58 | 0.55 | 0.52 | 0.52 | 0.54 | 0.95 | 1.07 | 1.12 | 1.15 | 1.09 | 0.97 | 0.86 | 0.71 | 0.59 | 0.50 | 0.45 | 0.45 | 0.46 | 0.51 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $21,625,000K ÷ $45,935,000K
= 0.47
The fixed asset turnover for ONEOK Inc has shown a fluctuating trend over the periods analyzed. Initially starting at 0.51 on March 31, 2020, it decreased to 0.45 by September 30, 2020, and remained relatively stable around this level until March 31, 2021.
Subsequently, there was a notable increase in the fixed asset turnover ratio, reaching 1.15 by September 30, 2022, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. However, this peak was followed by a decline to 0.52 by March 31, 2024.
Overall, the fixed asset turnover ratio for ONEOK Inc has displayed both upward and downward movements during the period under review, reflecting variations in how effectively the company has been utilizing its fixed assets to generate sales revenue. Further analysis and consideration of the company's operational performance and strategic decisions would be necessary to provide a more in-depth interpretation of this fluctuation.
Peer comparison
Dec 31, 2024