ONEOK Inc (OKE)
Receivables 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 |
| Receivables | US$ in thousands | 2,326,000 | 1,252,000 | 1,330,000 | 1,699,000 | 1,705,000 | 1,571,000 | 1,023,000 | 1,153,000 | 1,532,000 | 1,729,190 | 1,778,690 | 1,682,460 | 1,441,790 | 1,497,550 | 1,091,980 | 909,972 | 829,796 | 717,852 | 608,923 | 497,556 |
| Receivables turnover | 9.30 | 15.44 | 13.74 | 10.07 | 10.06 | 10.99 | 18.77 | 18.61 | 14.61 | 13.17 | 12.03 | 11.17 | 11.47 | 9.14 | 10.37 | 10.55 | 10.29 | 12.03 | 14.33 | 19.14 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $21,625,000K ÷ $2,326,000K
= 9.30
The receivables turnover ratio for ONEOK Inc has exhibited some fluctuations over the specified time period. The ratio was at a relatively high level of 19.14 on March 31, 2020, indicating that the company was able to convert its accounts receivable into cash almost 19 times within that year. However, the ratio decreased to 9.14 by September 30, 2021, implying a slowdown in the collection of receivables.
Thereafter, the receivables turnover ratio showed some improvement, reaching a peak of 18.77 on June 30, 2023, before declining again to 9.30 by December 31, 2024. This suggests that the company may have experienced challenges with efficient collections during certain periods.
Overall, fluctuations in the receivables turnover ratio can indicate changes in the company's sales policies, credit policies, or the effectiveness of its collection activities. A higher turnover ratio is generally preferred as it signifies that the company is collecting its outstanding receivables more quickly. Conversely, a lower ratio may indicate potential issues with collecting payments from customers promptly.
Peer comparison
Dec 31, 2024