ONEOK Inc (OKE)
Working capital 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 current assets | US$ in thousands | 3,108,000 | 3,188,000 | 1,863,000 | 2,569,000 | 2,548,000 | 2,765,320 | 3,026,500 | 2,641,320 | 2,374,370 | 2,666,860 | 2,235,620 | 1,997,590 | 1,869,780 | 1,721,360 | 2,179,860 | 1,488,280 | 1,470,330 | 1,967,580 | 1,401,170 | 1,342,780 |
| Total current liabilities | US$ in thousands | 3,452,000 | 3,298,000 | 1,517,000 | 2,182,000 | 3,051,000 | 4,138,640 | 3,654,830 | 3,482,600 | 3,184,620 | 2,802,870 | 2,394,600 | 2,047,950 | 1,344,550 | 1,094,140 | 1,273,100 | 1,091,390 | 2,020,300 | 1,567,150 | 1,737,370 | 1,689,670 |
| Working capital turnover | — | — | 55.49 | 55.46 | — | — | — | — | — | — | — | — | 16.26 | 13.77 | 9.62 | 23.99 | — | 26.57 | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $17,157,000K ÷ ($3,108,000K – $3,452,000K)
= —
Based on the available data, the working capital turnover for Oneok Inc. in Q2 and Q1 of 2023 stood at 55.49 and 55.46, respectively. Unfortunately, figures for other quarters are not provided. The consistent high working capital turnover indicates that Oneok Inc. effectively manages its working capital to generate revenue. This metric shows how efficiently the company utilizes its current assets and liabilities to support its operations and generate sales. A higher working capital turnover suggests that the company is efficient in converting its working capital into revenue. However, a full analysis would require data for more periods to observe trends and make a more accurate assessment of Oneok Inc.'s working capital turnover performance over time.
Peer comparison
Dec 31, 2023