ONEOK Inc (OKE)
Total asset 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 |
| Total assets | US$ in thousands | 64,069,000 | 44,266,000 | 24,379,000 | 23,621,600 | 23,078,800 |
| Total asset turnover | 0.34 | 0.38 | 0.92 | 0.70 | 0.37 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $21,925,000K ÷ $64,069,000K
= 0.34
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. For ONEOK Inc, the total asset turnover has shown variability over the years.
As of December 31, 2020, the total asset turnover was 0.37, indicating that for every dollar of assets, the company generated $0.37 in revenue. Subsequently, by December 31, 2021, the total asset turnover improved to 0.70, suggesting better asset utilization and revenue generation efficiency.
By December 31, 2022, the total asset turnover further increased to 0.92, reaching its peak over the period, indicating a significant improvement in asset efficiency. However, by December 31, 2023, the total asset turnover dropped to 0.38, indicating a decline in asset utilization efficiency.
Finally, as of December 31, 2024, the total asset turnover decreased to 0.34, further signifying lower efficiency in generating revenue from the company's assets compared to the previous year.
Overall, the trend in total asset turnover for ONEOK Inc shows fluctuations, highlighting the importance of closely monitoring asset efficiency to ensure optimal utilization for revenue generation.
Peer comparison
Dec 31, 2024