ONEOK Inc (OKE)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.63 | 7.73 | 16.47 | 15.73 | 13.18 | 11.05 | 8.84 | 8.38 | 9.20 | 6.63 | 7.01 | 6.40 | 7.10 | 8.45 | 7.18 | 8.23 | 5.61 | 6.47 | 9.32 | 8.77 | |
| Number of days of payables | days | 47.85 | 47.20 | 22.16 | 23.21 | 27.70 | 33.02 | 41.27 | 43.54 | 39.68 | 55.07 | 52.05 | 56.99 | 51.38 | 43.22 | 50.85 | 44.36 | 65.06 | 56.38 | 39.14 | 41.61 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.63
= 47.85
The number of days of payables for Oneok Inc. has shown fluctuations over the past eight quarters, ranging from 22.16 days to 47.85 days. In the most recent quarter, Q4 2023, the number of days of payables was 47.85 days, indicating that on average, it took the company approximately 47.85 days to pay its suppliers and vendors. This represents an increase from the previous quarter, Q3 2023, where the number of days of payables was 47.19 days.
Comparing the current data to the same quarter of the previous year, Q4 2022, where the number of days of payables was 27.71 days, there has been a noticeable increase. This suggests that Oneok Inc. may be taking longer to pay its obligations to suppliers compared to the previous year.
Additionally, the trend over the past eight quarters indicates that the number of days of payables has been somewhat volatile, with periods of both increases and decreases. It is important for stakeholders to closely monitor this metric to understand the company's payment practices and its impact on working capital management.
Peer comparison
Dec 31, 2023