ONEOK Inc (OKE)
Receivables 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 |
| Receivables | US$ in thousands | 2,326,000 | 1,705,000 | 1,532,000 | 1,441,790 | 829,796 |
| Receivables turnover | 9.43 | 9.86 | 14.61 | 11.47 | 10.29 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $21,925,000K ÷ $2,326,000K
= 9.43
ONEOK Inc's receivables turnover has shown fluctuations over the past five years. In December 2020, the receivables turnover was 10.29 times, which increased to 11.47 times by December 2021. The turnover peaked at 14.61 times by December 2022, indicating that the company was able to collect its receivables more efficiently. However, there was a slight decline in receivables turnover to 9.86 times by December 2023 and further to 9.43 times by December 2024.
Overall, the trend in receivables turnover suggests that ONEOK Inc has been effectively managing its accounts receivable during the period under review. The peak in turnover in 2022 indicates a high efficiency in collecting receivables, although the subsequent decreases in 2023 and 2024 may warrant further investigation to understand the underlying reasons for the decline.
Peer comparison
Dec 31, 2024