ONEOK Inc (OKE)
Profitability ratios
Return on sales
| 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 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% |
| 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% |
| Pretax margin | 20.38% | 18.62% | 16.58% | 14.52% | 10.05% | 9.36% | 9.73% | 10.59% | 12.00% | 13.72% | 15.74% | 15.71% | 9.39% | 9.47% | 9.23% | 10.91% | 16.24% | 15.25% | 13.87% | 12.95% |
| Net profit margin | 15.50% | 14.23% | 12.68% | 11.09% | 7.69% | 7.10% | 7.37% | 8.01% | 9.07% | 10.43% | 11.91% | 11.88% | 7.17% | 7.24% | 7.13% | 8.40% | 12.58% | 11.76% | 10.67% | 9.98% |
Oneok Inc.'s profitability ratios have shown a positive trend over the past eight quarters. The gross profit margin has steadily increased from 20.00% in Q4 2022 to 32.52% in Q4 2023, indicating an improvement in the company's ability to generate profit from its core activities.
Similarly, the operating profit margin has also shown consistent growth, reaching 19.48% in Q4 2023 from 12.07% in Q4 2022. This indicates that the company has been able to control its operating expenses more effectively over time.
The pretax margin and net profit margin have also exhibited a positive trend, with both showing continuous improvement from Q4 2022 to Q4 2023. The pretax margin increased from 10.05% to 19.78%, while the net profit margin increased from 7.69% to 15.04% over the same period.
Overall, Oneok Inc.'s profitability ratios demonstrate a consistent improvement in profitability and efficiency in generating profits over the past eight quarters. This suggests that the company has been successfully managing its costs and enhancing its revenue generation capabilities.
Return on investment
| 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 return on assets (Operating ROA) | 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% | 8.78% | 8.90% | 9.68% | 9.95% |
| Return on assets (ROA) | 6.01% | 5.59% | 10.12% | 9.73% | 7.06% | 6.62% | 6.43% | 6.27% | 6.35% | 5.98% | 5.75% | 4.92% | 2.66% | 2.74% | 2.70% | 3.64% | 5.86% | 5.86% | 6.36% | 6.47% |
| Return on total capital | 10.81% | 9.88% | 18.49% | 18.34% | 14.63% | 14.80% | 14.07% | 13.84% | 13.84% | 12.74% | 12.10% | 10.69% | 6.72% | 6.72% | 6.61% | 7.76% | 11.46% | 11.25% | 12.31% | 12.52% |
| Return on equity (ROE) | 16.13% | 15.07% | 33.72% | 33.37% | 26.52% | 25.61% | 25.79% | 25.10% | 24.93% | 24.45% | 22.82% | 18.71% | 10.14% | 10.17% | 9.96% | 14.38% | 20.54% | 20.12% | 19.77% | 19.01% |
Oneok Inc.'s profitability ratios show varying trends over the past eight quarters.
- Operating return on assets (Operating ROA) has fluctuated between a low of 6.77% and a high of 11.69% in Q3 and Q2 of 2023 respectively, indicating the company's ability to generate operating profits from its assets.
- Return on assets (ROA) has ranged from 5.59% to 10.12% during the same period, reflecting the company's overall ability to generate profits from its total assets.
- Return on total capital has shown a similar pattern, fluctuating between 10.52% and 19.29% in Q3 and Q2 of 2023 respectively, demonstrating the return generated on both equity and debt capital employed.
- Return on equity (ROE) has also varied, with values ranging from 15.06% to 33.71% in Q3 and Q2 of 2023, highlighting the return generated for the company's shareholders.
Overall, Oneok Inc. has shown consistent profitability, with fluctuations in the ratios indicating changes in the company's ability to generate profits from its assets, capital, and equity over different quarters. Further analysis of the company's financial performance and business operations would help in understanding the underlying factors influencing these profitability ratios.