ONEOK Inc (OKE)
Total asset 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 |
| Total assets | US$ in thousands | 64,069,000 | 51,050,000 | 44,535,000 | 44,390,000 | 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 |
| Total asset turnover | 0.34 | 0.38 | 0.41 | 0.39 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $21,625,000K ÷ $64,069,000K
= 0.34
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. In the case of ONEOK Inc, the total asset turnover ratio has shown fluctuations over the past few years.
From March 31, 2020, to March 31, 2022, the total asset turnover steadily increased from 0.43 to 0.78, indicating an improvement in the company's ability to generate revenue from its assets. The peak of 0.93 on September 30, 2022, suggests a significant level of asset efficiency during that period.
However, after reaching its peak, the total asset turnover ratio started declining, reaching 0.34 by December 31, 2024. This downward trend indicates a potential decrease in the company's efficiency in utilizing its assets to generate revenue.
Overall, ONEOK Inc's total asset turnover ratio has shown both positive and negative movements, reflecting fluctuations in asset efficiency over the periods analyzed. Further investigation into the company's financial performance and operational efficiency may be needed to understand the reasons behind these fluctuations.
Peer comparison
Dec 31, 2024