ONEOK Inc (OKE)

Total asset turnover

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Revenue (ttm) US$ in thousands 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 10,164,380 10,637,470 11,768,130 12,271,080
Total assets US$ in thousands 44,266,000 43,939,000 24,038,000 24,464,000 24,379,000 24,439,000 24,527,000 23,993,000 23,621,600 23,872,300 23,437,200 23,179,900 23,078,800 22,780,900 22,992,500 21,969,400 21,812,100 21,335,900 19,751,600 18,934,300
Total asset turnover 0.39 0.39 0.80 0.88 0.92 0.93 0.87 0.78 0.70 0.57 0.48 0.41 0.37 0.38 0.38 0.43 0.47 0.50 0.60 0.65

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,157,000K ÷ $44,266,000K
= 0.39

Oneok Inc.'s total asset turnover has shown fluctuation over the past eight quarters. The metric ranged from a low of 0.40 in Q4 2023 and Q3 2023, to a high of 0.93 in Q3 2022. This indicator reflects the company's ability to generate revenue in relation to its total assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate sales.

The company's total asset turnover was relatively consistent in Q4 2022 and Q1 2022, with values of 0.92 and 0.78 respectively. However, there was a noticeable increase in Q2 2023, where the ratio jumped to 0.80 before reaching 0.88 in Q1 2023. This improvement suggests that Oneok Inc. may have enhanced its asset management strategies or increased its sales volume during these periods.

Overall, although there have been fluctuations in Oneok Inc.'s total asset turnover, the company has maintained a range between 0.40 and 0.93 over the last eight quarters. Further analysis and comparison with industry benchmarks would provide a clearer understanding of the company's operational efficiency and asset utilization.


Peer comparison

Dec 31, 2023

Company name
Symbol
Total asset turnover
ONEOK Inc
OKE
0.39
Chesapeake Utilities Corporation
CPK
0.20
Southwest Gas Holdings Inc
SWX
0.46

See also:

ONEOK Inc Total Asset Turnover (Quarterly Data)