ONEOK Inc (OKE)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,659,000 | 1,722,220 | 1,499,710 | 612,809 | 1,278,580 |
| Total stockholders’ equity | US$ in thousands | 16,484,000 | 6,494,000 | 6,015,000 | 6,042,400 | 6,225,950 |
| ROE | 16.13% | 26.52% | 24.93% | 10.14% | 20.54% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $2,659,000K ÷ $16,484,000K
= 16.13%
Oneok Inc.'s return on equity (ROE) has fluctuated over the past five years, as evidenced by the data provided. In 2023, the ROE was 16.12%, representing a decline from the previous year's figure of 26.50%. Despite this decrease, the ROE remained above 10%, indicating that the company's profitability in relation to shareholders' equity was still relatively healthy.
Comparing 2023 to 2021, there was a slight decrease in ROE from 24.91% to 16.12%. This decline suggests a potential decrease in the company's efficiency in generating returns for shareholders during the most recent year.
In 2020, Oneok Inc. had an ROE of 10.12%, which was considerably lower than the figures for 2021 and 2022. This lower ROE may indicate that the company faced challenges or inefficiencies in utilizing shareholders' equity to generate profits that year.
Looking back at 2019, the company achieved an ROE of 20.52%, which was significantly higher than the ROE in 2020 but lower compared to 2022. This indicates a period of strong profitability and efficiency in 2019.
Overall, Oneok Inc.'s ROE has varied over the past five years, with fluctuations indicating changes in the company's ability to generate profits from shareholders' equity. Further analysis would be needed to understand the specific factors influencing these fluctuations and to assess the company's long-term performance and financial health.
Peer comparison
Dec 31, 2023