ONEOK Inc (OKE)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,811,000 | 22,386,900 | 16,540,300 | 8,542,240 | 10,164,400 |
| Total current assets | US$ in thousands | 3,108,000 | 2,548,000 | 2,374,370 | 1,869,780 | 1,470,330 |
| Total current liabilities | US$ in thousands | 3,452,000 | 3,051,000 | 3,184,620 | 1,344,550 | 2,020,300 |
| Working capital turnover | — | — | — | 16.26 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $16,811,000K ÷ ($3,108,000K – $3,452,000K)
= —
The working capital turnover ratio for Oneok Inc. was not available for the years 2023, 2022, and 2019 based on the provided data. However, in 2020, the working capital turnover ratio was 16.26. This indicates that in 2020, Oneok Inc. generated $16.26 in revenue for every dollar of working capital invested in the business.
Without data for the other years, it is challenging to assess the trend in the working capital turnover over time. A high working capital turnover ratio can suggest efficient management of working capital and good sales generation from it. Conversely, a low ratio may indicate inefficiencies in utilizing working capital or potential issues with sales generation. Further analysis with additional data from missing years would provide a more comprehensive understanding of Oneok Inc.'s working capital turnover performance.
Peer comparison
Dec 31, 2023