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

Company name
Symbol
Working capital turnover
ONEOK Inc
OKE
Chesapeake Utilities Corporation
CPK
Southwest Gas Holdings Inc
SWX
27.69

See also:

ONEOK Inc Working Capital Turnover (Quarterly Data)