ONEOK Inc (OKE)
Working capital 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 current assets | US$ in thousands | 4,238,000 | 2,876,000 | 2,475,000 | 2,950,000 | 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 |
| Total current liabilities | US$ in thousands | 4,719,000 | 3,557,000 | 3,979,000 | 4,194,000 | 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 |
| Working capital turnover | — | — | — | — | — | — | 55.49 | 55.46 | — | — | — | — | — | — | — | — | 16.26 | 13.77 | 9.62 | 23.99 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $21,625,000K ÷ ($4,238,000K – $4,719,000K)
= —
Working capital turnover measures how efficiently a company is utilizing its working capital to generate sales. Higher values indicate better efficiency in turning working capital into revenue.
Analyzing ONEOK Inc's working capital turnover from March 31, 2020, to June 30, 2023, shows fluctuations in the ratio. The trend starts with a strong turnover of 23.99 on March 31, 2020, indicating effective utilization of working capital. However, the ratio dropped to 9.62 on June 30, 2020, suggesting a decrease in efficiency.
The ratio improved to 13.77 on September 30, 2020, and further to 16.26 on December 31, 2020, indicating a better utilization of working capital. The trend of improvement continued with a substantial increase to 55.46 on March 31, 2023, showing a significant enhancement in efficiency.
The last available data point of 55.49 on June 30, 2023, also demonstrates a high level of efficiency in converting working capital into sales. Overall, the analysis indicates fluctuations in ONEOK Inc's working capital turnover, with periods of strong efficiency interspersed with periods of lower efficiency.
Peer comparison
Dec 31, 2024