ONEOK Inc (OKE)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,989,000 | 4,072,000 | 2,807,000 | 2,596,260 | 1,361,360 |
| Total assets | US$ in thousands | 64,069,000 | 44,266,000 | 24,379,000 | 23,621,600 | 23,078,800 |
| Operating ROA | 7.79% | 9.20% | 11.51% | 10.99% | 5.90% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $4,989,000K ÷ $64,069,000K
= 7.79%
ONEOK Inc's operating return on assets (operating ROA) has shown fluctuations over the five-year period from 2020 to 2024. The company's operating ROA increased from 5.90% in 2020 to 10.99% in 2021, indicating an improvement in its ability to generate operating income from its assets. Subsequently, there was a further increase in operating ROA to 11.51% in 2022, suggesting continued efficiency in utilizing assets to generate operating profits.
However, in 2023, ONEOK's operating ROA declined to 9.20%, potentially signaling challenges in maintaining the same level of operating income relative to its asset base. This trend continued in 2024, with the operating ROA decreasing to 7.79%, indicating a further decrease in operating efficiency.
Overall, ONEOK Inc's operating ROA trend indicates both positive and negative fluctuations in the company's ability to generate operating income from its assets over the five-year period, with a notable decline in performance in the later years. Analysis of the underlying factors driving these changes would provide deeper insights into the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024