ONEOK Inc (OKE)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,989,000 | 4,520,000 | 4,131,000 | 3,639,000 | 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 |
| Total assets | US$ in thousands | 64,069,000 | 51,050,000 | 44,535,000 | 44,390,000 | 44,266,000 | 43,939,000 | 24,038,000 | 24,464,000 | 24,379,000 | 24,439,000 | 24,527,000 | 23,993,000 | 23,621,600 | 23,872,300 | 23,437,200 | 23,179,900 | 23,078,800 | 22,780,900 | 22,992,500 | 21,969,400 |
| Operating ROA | 7.79% | 8.85% | 9.28% | 8.20% | 9.20% | 8.49% | 15.35% | 14.89% | 11.52% | 11.06% | 10.89% | 10.81% | 10.99% | 10.40% | 10.09% | 9.10% | 5.90% | 5.75% | 5.40% | 6.20% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,989,000K ÷ $64,069,000K
= 7.79%
ONEOK Inc's operating return on assets (operating ROA) has shown fluctuations over the analyzed periods. Starting at 6.20% on March 31, 2020, the operating ROA decreased to 5.40% by June 30, 2020, before experiencing a gradual increase to 11.52% by December 31, 2022.
The operating ROA reached its peak of 15.35% on June 30, 2023, indicating improved operational efficiency and asset utilization. However, there was a notable decline to 7.79% by December 31, 2024.
The overall trend suggests that ONEOK Inc's operating ROA has been volatile, with periods of both growth and decline. Investors and stakeholders may want to further investigate the factors contributing to these fluctuations to assess the company's performance and operational effectiveness.
Peer comparison
Dec 31, 2024