ONEOK Inc (OKE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 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 | 6,225,950 | 6,218,910 | 6,348,140 | 6,442,010 |
| ROE | 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% | 20.54% | 20.12% | 19.77% | 19.01% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,659,000K ÷ $16,484,000K
= 16.13%
To analyze Oneok Inc.'s return on equity (ROE), we look at the trend in ROE over the past eight quarters.
In Q4 2023, Oneok Inc. had an ROE of 16.12%, which increased from the previous quarter's 15.06%. This indicates an improvement in the company's ability to generate profit from its shareholders' equity.
Compared to Q4 2022, where the ROE was 26.50%, the most recent ROE of 16.12% reflects a decrease in profitability. However, it is essential to note that Q4 2022 was a particularly strong quarter for the company in terms of ROE.
Looking back further, in Q3 and Q2 2023, the ROE figures were 33.71% and 33.36%, respectively, showing significantly higher returns than the most recent quarter. This suggests that Oneok Inc. may have experienced a temporary increase in profitability during those periods.
Overall, Oneok Inc.'s ROE has shown fluctuations over the past eight quarters, with some periods of higher returns followed by lower returns. Investors and analysts may want to investigate further to understand the factors driving these changes and assess the company's long-term profitability prospects.
Peer comparison
Dec 31, 2023