ONEOK Inc (OKE)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 13,311,000 | 12,116,000 | 11,888,000 | 11,479,000 | 11,929,000 | 12,520,870 | 14,494,870 | 16,890,870 | 17,909,870 | 18,336,040 | 17,012,170 | 14,501,150 | 12,256,660 | 9,564,710 | 7,381,250 | 5,954,728 | 5,110,148 | 5,274,398 | 5,423,258 | 6,108,590 |
| Payables | US$ in thousands | 2,187,000 | 1,247,000 | 1,271,000 | 1,480,000 | 1,564,000 | 1,619,000 | 880,000 | 1,074,000 | 1,359,000 | 1,658,900 | 1,923,760 | 1,729,940 | 1,332,390 | 1,442,980 | 1,052,560 | 929,771 | 719,302 | 624,483 | 755,474 | 742,369 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $13,311,000K ÷ $2,187,000K
= 6.09
The payables turnover ratio for ONEOK Inc has shown fluctuations over the quarters from March 31, 2020, to December 31, 2024. The ratio ranges from a low of 6.09 in December 31, 2024, to a high of 16.47 in June 30, 2023. Generally, a higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which can be a positive sign of financial health and efficient working capital management.
During the period under review, ONEOK Inc experienced variations in its payables turnover ratio, suggesting potential shifts in its payment practices and liquidity management strategies. This trend could be influenced by factors such as changes in procurement policies, supplier relationships, or cash flow management. It's essential for stakeholders to monitor these fluctuations to assess the company's ability to manage its accounts payable effectively and ensure sustainable financial performance.
Peer comparison
Dec 31, 2024