ONEOK Inc (OKE)

Return on assets (ROA)

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
Net income (ttm) US$ in thousands 2,659,000 2,455,921 2,433,672 2,380,050 1,722,221 1,616,673 1,576,940 1,504,701 1,499,706 1,428,362 1,348,660 1,140,842 612,809 625,031 621,870 799,512 1,278,577 1,251,214 1,255,318 1,224,403
Total assets US$ in thousands 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 21,812,100 21,335,900 19,751,600 18,934,300
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,659,000K ÷ $44,266,000K
= 6.01%

To analyze Oneok Inc.'s return on assets (ROA) based on the provided data:

1. Trend Analysis:
- Oneok Inc.'s ROA has shown fluctuations over the past eight quarters. It ranged from a low of 5.59% in Q3 2023 to a high of 10.12% in Q2 2023.
- Generally, the ROA has been relatively stable, hovering above 6% for most quarters, indicating consistent profitability generated from its assets.

2. Comparisons:
- Compared to the previous quarter, Q4 2023 saw an improvement in ROA from 5.59% to 6.00%, indicating that the company was able to generate more profit relative to its total assets.
- The ROA in Q4 2023 (6.00%) was slightly lower than Q4 2022 (7.06%), suggesting a comparative decline in profitability.

3. Overall Performance:
- Oneok Inc.'s ROA has generally remained above 6% in the past eight quarters, which indicates that the company has been efficiently utilizing its assets to generate profits.
- The higher ROA figures seen in certain quarters, such as 10.12% in Q2 2023, reflect periods of stronger asset efficiency and profitability for the company.

In conclusion, Oneok Inc.'s ROA has displayed relative stability over the quarters, with occasional fluctuations. Monitoring the trend of ROA will be important to assess the company's ongoing ability to generate profit from its assets efficiently.


Peer comparison

Dec 31, 2023


See also:

ONEOK Inc Return on Assets (ROA) (Quarterly Data)