ONEOK Inc (OKE)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 4,989,000 | 4,520,000 | 4,131,000 | 3,639,000 | 4,072,000 | 3,729,419 | 3,690,419 | 3,642,419 | 2,807,419 | 2,703,167 | 2,671,026 | 2,593,538 | 2,596,259 | 2,482,755 | 2,365,329 | 2,109,547 | 1,361,357 | 1,370,408 | 1,356,072 | 1,528,733 |
| Long-term debt | US$ in thousands | 31,018,000 | 26,880,000 | 20,339,000 | 20,447,000 | 21,183,000 | 21,450,000 | 12,742,000 | 12,728,000 | 12,696,000 | 11,950,700 | 12,872,700 | 12,750,500 | 12,747,600 | 13,640,500 | 13,637,600 | 13,638,800 | 14,228,400 | 14,249,300 | 14,276,200 | 14,146,600 |
| 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 |
| Return on total capital | 10.38% | 10.33% | 11.15% | 9.86% | 10.81% | 9.88% | 18.49% | 18.34% | 14.63% | 14.80% | 14.07% | 13.84% | 13.84% | 12.74% | 12.10% | 10.69% | 6.72% | 6.72% | 6.61% | 7.76% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $4,989,000K ÷ ($31,018,000K + $17,036,000K)
= 10.38%
ONEOK Inc's return on total capital has shown fluctuations over the past few years. The trend shows an improvement from 7.76% as of March 31, 2020, to a peak of 18.49% as of June 30, 2023. However, there was a significant drop in the return on total capital to 9.88% as of September 30, 2023, followed by a sharp increase to 18.34% as of March 31, 2024. The ratio then exhibited some variations but generally remained around the 10-14% range for the subsequent quarters.
Overall, the return on total capital for ONEOK Inc has demonstrated volatility, with periods of both strong growth and slight decline. It indicates the company's ability to generate profits from its total invested capital, reflecting management's efficiency in utilizing resources to generate returns for shareholders.
Peer comparison
Dec 31, 2024