ONEOK Inc (OKE)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.09 | 9.72 | 9.35 | 7.76 | 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 | |
| Number of days of payables | days | 59.97 | 37.57 | 39.02 | 47.06 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.09
= 59.97
The number of days of payables for ONEOK Inc has fluctuated over the periods provided in the data. The trend shows that the company's payables turnover cycle varies from a low of 22.16 days to a high of 59.97 days.
In terms of managing payables, a lower number of days of payables indicates that the company is taking fewer days to pay its suppliers, which can sometimes be a signal of aggressive cash management or potential liquidity issues. On the other hand, a higher number of days of payables suggests that the company is taking a longer time to pay its suppliers, which can indicate better cash flow management or strong negotiating power with suppliers.
It's essential for investors and stakeholders to closely monitor the trend in the number of days of payables as it can provide insights into the company's liquidity position, operational efficiency, and supplier relationships.
Peer comparison
Dec 31, 2024