ONEOK Inc (OKE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,072,000 | 2,807,000 | 2,596,260 | 1,361,360 | 1,914,350 |
| Revenue | US$ in thousands | 16,811,000 | 22,386,900 | 16,540,300 | 8,542,240 | 10,164,400 |
| Operating profit margin | 24.22% | 12.54% | 15.70% | 15.94% | 18.83% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,072,000K ÷ $16,811,000K
= 24.22%
The operating profit margin of Oneok Inc. has exhibited fluctuations over the past five years. In 2023, the operating profit margin stands at 19.48%, showing an improvement from the previous year's margin of 12.07%. However, it is lower compared to 2020 when the company achieved a margin of 23.03%. In 2021 and 2019, the operating profit margins were 15.69% and 18.86%, respectively.
These fluctuations in the operating profit margin indicate varying levels of efficiency in generating profits from operations over the years. The improvement in 2023 suggests potential operational enhancements or cost control measures undertaken by Oneok Inc. to boost profitability. Further analysis of the company's operational performance and factors impacting its margins would be necessary to provide a more in-depth assessment.
Peer comparison
Dec 31, 2023