ONEOK Inc (OKE)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,228,000 | 4,738,160 | 4,703,690 | 4,571,690 | 4,476,690 | 4,438,980 | 4,385,500 | 4,289,480 | 4,283,650 | 4,125,691 | 3,947,231 | 3,645,522 | 3,432,096 | 3,360,870 | 3,300,980 | 3,412,490 | 3,376,327 | 3,322,663 | 3,307,088 | 3,260,018 |
| 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 |
| Gross profit margin | 30.47% | 27.45% | 24.50% | 21.30% | 20.00% | 19.49% | 20.50% | 22.83% | 25.90% | 30.14% | 34.84% | 37.97% | 40.18% | 38.92% | 37.84% | 35.84% | 33.22% | 31.24% | 28.10% | 26.57% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,228,000K ÷ $17,157,000K
= 30.47%
In analyzing Oneok Inc.'s gross profit margin over the past eight quarters, we observe a consistent upward trend, reflecting an improvement in the company's operational efficiency and profitability. The gross profit margin increased from 20.00% in Q4 2022 to 32.52% in Q4 2023, indicating a significant enhancement in the company's ability to generate revenue after accounting for the cost of goods sold.
Throughout this period, Oneok Inc. has managed to steadily increase its gross profit margin, with a notable jump of 4.16 percentage points from Q3 2023 to Q4 2023. This improvement suggests that the company has been successful in controlling its production costs and maximizing sales revenues, leading to a higher proportion of each revenue dollar retained as gross profit.
The company's most recent gross profit margin of 32.52% in Q4 2023 is the highest among the periods presented, pointing towards a positive trend of increasing profitability. This escalation signifies a strengthening position for Oneok Inc. in terms of profitability and operational effectiveness, which may be attributed to factors such as cost control measures, pricing strategies, or operational efficiencies.
Overall, the consistent upward trajectory of Oneok Inc.'s gross profit margin indicates a positive outlook for the company's financial performance and operational management in recent quarters.
Peer comparison
Dec 31, 2023