ONEOK Inc (OKE)
Working capital 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 current assets | US$ in thousands | 4,238,000 | 3,108,000 | 2,548,000 | 2,374,370 | 1,869,780 |
| Total current liabilities | US$ in thousands | 4,719,000 | 3,452,000 | 3,051,000 | 3,184,620 | 1,344,550 |
| Working capital turnover | — | — | — | — | 16.26 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $21,925,000K ÷ ($4,238,000K – $4,719,000K)
= —
The working capital turnover ratio for ONEOK Inc was 16.26 as of December 31, 2020. This indicates that the company generated $16.26 in revenue for every $1 of working capital during that period. However, the data shows that the working capital turnover ratio was not provided for the subsequent years of 2021, 2022, 2023, and 2024. The lack of this information makes it difficult to assess the company's efficiency in utilizing its working capital in those years. It is important for investors and stakeholders to have access to more recent working capital turnover ratios to gain a better understanding of ONEOK Inc's operational performance and financial health.
Peer comparison
Dec 31, 2024