Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
ONEOK Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | ONEOK Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | ONEOK Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | ONEOK Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | ONEOK Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net Fixed Asset Turnover
ONEOK Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenues | 22,386,892) | 16,540,309) | 8,542,242) | 10,164,367) | 12,593,196) | |
| Net property, plant and equipment | 19,952,526) | 19,319,874) | 19,154,928) | 18,348,685) | 14,766,651) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 1.12 | 0.86 | 0.45 | 0.55 | 0.85 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 1.64 | 1.06 | 0.60 | 0.93 | — | |
| ConocoPhillips | 1.21 | 0.71 | 0.47 | 0.77 | — | |
| Exxon Mobil Corp. | 1.95 | 1.28 | 0.78 | 1.01 | — | |
| Marathon Petroleum Corp. | 4.98 | 3.20 | 1.79 | 2.72 | — | |
| Occidental Petroleum Corp. | 0.63 | 0.43 | 0.27 | 0.25 | — | |
| Valero Energy Corp. | 5.69 | 3.69 | 2.14 | 3.70 | — | |
| Net Fixed Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 2.05 | 1.33 | 0.79 | 1.13 | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Energy | 2.08 | 1.35 | 0.83 | 1.17 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net fixed asset turnover = Revenues ÷ Net property, plant and equipment
= 22,386,892 ÷ 19,952,526 = 1.12
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | ONEOK Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
ONEOK Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenues | 22,386,892) | 16,540,309) | 8,542,242) | 10,164,367) | 12,593,196) | |
| Net property, plant and equipment | 19,952,526) | 19,319,874) | 19,154,928) | 18,348,685) | 14,766,651) | |
| Assets, operating leases (located in Other assets) | 82,838) | 89,558) | 100,154) | 15,147) | —) | |
| Net property, plant and equipment (including operating lease, right-of-use asset) | 20,035,364) | 19,409,432) | 19,255,082) | 18,363,832) | 14,766,651) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 1.12 | 0.85 | 0.44 | 0.55 | 0.85 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Chevron Corp. | 1.59 | 1.03 | 0.59 | 0.90 | — | |
| ConocoPhillips | 1.20 | 0.70 | 0.46 | 0.75 | — | |
| Exxon Mobil Corp. | 1.89 | 1.24 | 0.76 | 0.98 | — | |
| Marathon Petroleum Corp. | 4.81 | 3.09 | 1.72 | 2.58 | — | |
| Occidental Petroleum Corp. | 0.62 | 0.43 | 0.27 | 0.25 | — | |
| Valero Energy Corp. | 5.50 | 3.55 | 2.05 | 3.54 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Oil, Gas & Consumable Fuels | 2.00 | 1.29 | 0.77 | 1.10 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Energy | 2.02 | 1.32 | 0.80 | 1.14 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Net property, plant and equipment (including operating lease, right-of-use asset)
= 22,386,892 ÷ 20,035,364 = 1.12
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | ONEOK Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022. |
Total Asset Turnover
ONEOK Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenues | 22,386,892) | 16,540,309) | 8,542,242) | 10,164,367) | 12,593,196) | |
| Total assets | 24,379,094) | 23,621,613) | 23,078,754) | 21,812,121) | 18,231,671) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.92 | 0.70 | 0.37 | 0.47 | 0.69 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.91 | 0.65 | 0.39 | 0.59 | — | |
| ConocoPhillips | 0.84 | 0.51 | 0.30 | 0.46 | — | |
| Exxon Mobil Corp. | 1.08 | 0.82 | 0.54 | 0.70 | — | |
| Marathon Petroleum Corp. | 1.97 | 1.41 | 0.82 | 1.26 | — | |
| Occidental Petroleum Corp. | 0.50 | 0.35 | 0.22 | 0.19 | — | |
| Valero Energy Corp. | 2.89 | 1.97 | 1.25 | 2.01 | — | |
| Total Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.17 | 0.83 | 0.52 | 0.73 | — | |
| Total Asset Turnover, Industry | ||||||
| Energy | 1.15 | 0.82 | 0.52 | 0.72 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Total asset turnover = Revenues ÷ Total assets
= 22,386,892 ÷ 24,379,094 = 0.92
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | ONEOK Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Equity Turnover
ONEOK Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Revenues | 22,386,892) | 16,540,309) | 8,542,242) | 10,164,367) | 12,593,196) | |
| Total ONEOK shareholders’ equity | 6,493,885) | 6,015,163) | 6,042,398) | 6,225,951) | 6,579,543) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 3.45 | 2.75 | 1.41 | 1.63 | 1.91 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Chevron Corp. | 1.48 | 1.12 | 0.72 | 0.97 | — | |
| ConocoPhillips | 1.64 | 1.01 | 0.63 | 0.93 | — | |
| Exxon Mobil Corp. | 2.04 | 1.64 | 1.14 | 1.33 | — | |
| Marathon Petroleum Corp. | 6.40 | 4.58 | 3.14 | 3.68 | — | |
| Occidental Petroleum Corp. | 1.22 | 1.28 | 0.96 | 0.60 | — | |
| Valero Energy Corp. | 7.49 | 6.18 | 3.45 | 4.97 | — | |
| Equity Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 2.28 | 1.77 | 1.17 | 1.48 | — | |
| Equity Turnover, Industry | ||||||
| Energy | 2.26 | 1.76 | 1.20 | 1.47 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Equity turnover = Revenues ÷ Total ONEOK shareholders’ equity
= 22,386,892 ÷ 6,493,885 = 3.45
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | ONEOK Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |