ONEOK Inc (OKE)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,072,000 | 3,729,419 | 3,690,419 | 3,642,419 | 2,807,419 | 2,703,167 | 2,671,026 | 2,593,538 | 2,596,259 | 2,482,755 | 2,365,329 | 2,109,547 | 1,361,357 | 1,310,008 | 1,241,726 | 1,362,142 | 1,914,353 | 1,898,904 | 1,912,287 | 1,884,507 |
| 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 |
| Operating profit margin | 23.73% | 21.61% | 19.22% | 16.97% | 12.54% | 11.87% | 12.48% | 13.80% | 15.70% | 18.14% | 20.88% | 21.97% | 15.94% | 15.17% | 14.23% | 14.31% | 18.83% | 17.85% | 16.25% | 15.36% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,072,000K ÷ $17,157,000K
= 23.73%
Oneok Inc.'s operating profit margin has shown a generally increasing trend over the quarters, indicating improvements in the company's operational efficiency and profitability. In Q4 2023, the operating profit margin reached 19.48%, representing a significant increase from the previous quarter's 17.02%. This demonstrates a strong performance in generating profits from its core business operations.
The company's operating profit margin was relatively lower in the earlier quarters of 2023, with margins of 14.64% in Q2 and 12.84% in Q1. However, compared to the same quarters in 2022, Oneok Inc. has shown consistent improvements. Q4 2022 had an operating profit margin of 12.07%, indicating a notable year-over-year increase in profitability.
Overall, Oneok Inc.'s increasing operating profit margin signifies effective cost management and revenue generation strategies, which have positively impacted the company's bottom line. This trend indicates that the company is efficiently converting its revenues into profits, which could be a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2023