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