ONEOK Inc (OKE)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,035,000 | 2,659,000 | 1,722,220 | 1,499,710 | 612,809 |
| Total assets | US$ in thousands | 64,069,000 | 44,266,000 | 24,379,000 | 23,621,600 | 23,078,800 |
| ROA | 4.74% | 6.01% | 7.06% | 6.35% | 2.66% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $3,035,000K ÷ $64,069,000K
= 4.74%
ONEOK Inc's Return on Assets (ROA) has shown an improving trend over the past five years. Starting at 2.66% on December 31, 2020, the ROA increased to 6.35% by December 31, 2021, demonstrating a significant improvement. Subsequently, the ROA continued to rise to 7.06% by December 31, 2022, indicating the company's effective asset utilization. However, there was a slight decline in ROA to 6.01% by December 31, 2023, which could be attributed to various factors affecting the company's profitability or asset management during that period. By the end of 2024, the ROA stood at 4.74%, showing a decrease from the previous year but still reflecting a reasonable level of return generated from the company's assets. Overall, the fluctuation in ONEOK Inc's ROA highlights the importance of monitoring asset efficiency and profitability to ensure sustained financial performance.
Peer comparison
Dec 31, 2024