ONEOK Inc (OKE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 17,036,000 | 16,887,000 | 16,709,000 | 16,445,000 | 16,484,000 | 16,299,000 | 7,218,000 | 7,132,000 | 6,494,000 | 6,312,000 | 6,115,000 | 5,994,000 | 6,015,000 | 5,840,880 | 5,910,390 | 6,096,960 | 6,042,400 | 6,146,110 | 6,240,650 | 5,560,640 |
| ROE | 17.82% | 16.58% | 15.33% | 13.68% | 16.13% | 15.07% | 33.72% | 33.37% | 26.52% | 25.61% | 25.79% | 25.10% | 24.93% | 24.45% | 22.82% | 18.71% | 10.14% | 10.17% | 9.96% | 14.38% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,035,000K ÷ $17,036,000K
= 17.82%
The return on equity (ROE) of ONEOK Inc has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. Starting at 14.38% in March 2020, the ROE dipped to 9.96% by June 2020 before showing a gradual increase to reach 18.71% by March 2021. Subsequently, there was a significant uptrend in ROE, with values climbing steadily to a peak of 33.72% by June 2023.
However, there was a notable decline in ROE in the following periods, dropping to 15.07% by September 2023 and further decreasing to 13.68% by March 2024. The ROE recovered slightly to 17.82% by December 2024.
Overall, the fluctuating trend in ROE suggests variability in the company's profitability relative to shareholders' equity during the period under consideration. It is important to analyze the factors contributing to these changes in ROE to gain a deeper understanding of ONEOK Inc's financial performance and efficiency in utilizing shareholders' equity.
Peer comparison
Dec 31, 2024