ONEOK Inc (OKE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,035,000 | 2,800,000 | 2,561,000 | 2,249,000 | 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 |
| 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 |
| ROA | 4.74% | 5.48% | 5.75% | 5.07% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,035,000K ÷ $64,069,000K
= 4.74%
ONEOK Inc's return on assets (ROA) has shown fluctuations over the reported periods, indicating changes in the company's efficiency in generating profits from its assets.
The ROA increased from 3.64% in March 2020 to 7.06% in December 2022, indicating improved asset utilization and profitability during this period. The company's ROA peaked at 10.12% in June 2023, suggesting a period of strong profitability relative to its asset base.
However, there was a notable decrease in ROA to 4.74% in December 2024, which may indicate challenges in generating earnings from its assets during that quarter.
Overall, the trend in ONEOK Inc's ROA suggests periods of varying effectiveness in utilizing assets to generate profits, with fluctuations reflecting changes in the company's operational efficiency and financial performance. Investors and stakeholders may want to further examine the factors influencing these fluctuations to assess the company's long-term profitability and sustainability.
Peer comparison
Dec 31, 2024