Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
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 (quarterly data)
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| 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 deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | ONEOK Inc. total asset turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | ONEOK Inc. equity turnover ratio deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Net Fixed Asset Turnover
ONEOK Inc., net fixed asset turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Revenues | 3,732) | 4,521) | 5,032) | 5,914) | 5,997) | 5,445) | 5,420) | 4,536) | 3,389) | 3,195) | 2,571) | 2,174) | 1,661) | 2,137) | 2,664) | 2,263) | 2,458) | 2,780) | 3,137) | 3,394) | 2,961) | 3,102) | |||||||
| Net property, plant and equipment | 20,229) | 20,040) | 19,953) | 19,790) | 19,601) | 19,425) | 19,320) | 19,222) | 19,182) | 19,125) | 19,155) | 19,029) | 18,981) | 18,629) | 18,349) | 17,363) | 16,336) | 15,518) | 14,767) | 13,961) | 13,304) | 12,878) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 0.95 | 1.07 | 1.12 | 1.15 | 1.09 | 0.97 | 0.86 | 0.71 | 0.59 | 0.50 | 0.45 | 0.45 | 0.46 | 0.51 | 0.55 | 0.61 | 0.72 | 0.79 | 0.85 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 1.50 | 1.62 | 1.64 | 1.58 | 1.43 | 1.22 | 1.06 | 0.91 | 0.77 | 0.62 | 0.60 | 0.73 | 0.80 | 0.91 | 0.93 | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 1.02 | 1.16 | 1.21 | 1.18 | 1.02 | 0.83 | 0.71 | 0.64 | 0.51 | 0.39 | 0.47 | 0.51 | 0.59 | 0.73 | 0.77 | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 1.76 | 1.92 | 1.95 | 1.90 | 1.68 | 1.44 | 1.28 | 1.10 | 0.96 | 0.81 | 0.78 | 0.78 | 0.85 | 1.00 | 1.01 | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 4.47 | 4.92 | 4.98 | 4.89 | 4.30 | 3.64 | 3.20 | 2.73 | 2.31 | 1.83 | 1.79 | 2.09 | 2.14 | 2.60 | 2.72 | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.54 | 0.61 | 0.63 | 0.62 | 0.58 | 0.49 | 0.43 | 0.37 | 0.32 | 0.26 | 0.27 | 0.29 | 0.30 | 0.29 | 0.25 | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 5.14 | 5.66 | 5.69 | 5.59 | 5.06 | 4.27 | 3.69 | 3.11 | 2.66 | 2.09 | 2.14 | 2.48 | 2.86 | 3.48 | 3.70 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Net fixed asset turnover
= (RevenuesQ2 2023
+ RevenuesQ1 2023
+ RevenuesQ4 2022
+ RevenuesQ3 2022)
÷ Net property, plant and equipment
= (3,732 + 4,521 + 5,032 + 5,914)
÷ 20,229 = 0.95
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 deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Total Asset Turnover
ONEOK Inc., total asset turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Revenues | 3,732) | 4,521) | 5,032) | 5,914) | 5,997) | 5,445) | 5,420) | 4,536) | 3,389) | 3,195) | 2,571) | 2,174) | 1,661) | 2,137) | 2,664) | 2,263) | 2,458) | 2,780) | 3,137) | 3,394) | 2,961) | 3,102) | |||||||
| Total assets | 24,038) | 24,464) | 24,379) | 24,439) | 24,527) | 23,993) | 23,622) | 23,872) | 23,437) | 23,180) | 23,079) | 22,781) | 22,992) | 21,969) | 21,812) | 21,336) | 19,752) | 18,934) | 18,232) | 17,911) | 16,914) | 16,432) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Total asset turnover1 | 0.80 | 0.88 | 0.92 | 0.93 | 0.87 | 0.78 | 0.70 | 0.57 | 0.48 | 0.41 | 0.37 | 0.38 | 0.38 | 0.43 | 0.47 | 0.50 | 0.60 | 0.65 | 0.69 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 0.85 | 0.91 | 0.91 | 0.87 | 0.80 | 0.71 | 0.65 | 0.56 | 0.48 | 0.40 | 0.39 | 0.47 | 0.51 | 0.57 | 0.59 | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 0.74 | 0.83 | 0.84 | 0.79 | 0.70 | 0.58 | 0.51 | 0.41 | 0.34 | 0.27 | 0.30 | 0.33 | 0.39 | 0.45 | 0.46 | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 1.00 | 1.07 | 1.08 | 1.05 | 0.96 | 0.86 | 0.82 | 0.72 | 0.64 | 0.54 | 0.54 | 0.55 | 0.59 | 0.70 | 0.70 | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 1.81 | 2.00 | 1.97 | 1.93 | 1.65 | 1.49 | 1.41 | 1.15 | 0.93 | 0.81 | 0.82 | 0.99 | 1.14 | 1.37 | 1.26 | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 0.44 | 0.50 | 0.50 | 0.50 | 0.45 | 0.39 | 0.35 | 0.29 | 0.24 | 0.21 | 0.22 | 0.24 | 0.24 | 0.23 | 0.19 | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 2.59 | 2.90 | 2.89 | 2.87 | 2.42 | 2.18 | 1.97 | 1.73 | 1.46 | 1.19 | 1.25 | 1.47 | 1.78 | 2.22 | 2.01 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Total asset turnover
= (RevenuesQ2 2023
+ RevenuesQ1 2023
+ RevenuesQ4 2022
+ RevenuesQ3 2022)
÷ Total assets
= (3,732 + 4,521 + 5,032 + 5,914)
÷ 24,038 = 0.80
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 deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |
Equity Turnover
ONEOK Inc., equity turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Revenues | 3,732) | 4,521) | 5,032) | 5,914) | 5,997) | 5,445) | 5,420) | 4,536) | 3,389) | 3,195) | 2,571) | 2,174) | 1,661) | 2,137) | 2,664) | 2,263) | 2,458) | 2,780) | 3,137) | 3,394) | 2,961) | 3,102) | |||||||
| Total ONEOK shareholders’ equity | 7,218) | 7,132) | 6,494) | 6,312) | 6,115) | 5,994) | 6,015) | 5,841) | 5,910) | 6,097) | 6,042) | 6,146) | 6,241) | 5,561) | 6,226) | 6,219) | 6,348) | 6,442) | 6,580) | 6,653) | 6,665) | 6,701) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Equity turnover1 | 2.66 | 3.01 | 3.45 | 3.61 | 3.50 | 3.14 | 2.75 | 2.34 | 1.92 | 1.57 | 1.41 | 1.40 | 1.40 | 1.71 | 1.63 | 1.71 | 1.85 | 1.90 | 1.91 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Chevron Corp. | 1.35 | 1.46 | 1.48 | 1.43 | 1.34 | 1.21 | 1.12 | 0.99 | 0.87 | 0.73 | 0.72 | 0.79 | 0.86 | 0.94 | 0.97 | — | — | — | — | — | — | — | |||||||
| ConocoPhillips | 1.40 | 1.58 | 1.64 | 1.53 | 1.30 | 1.09 | 1.01 | 0.82 | 0.66 | 0.52 | 0.63 | 0.68 | 0.77 | 0.94 | 0.93 | — | — | — | — | — | — | — | |||||||
| Exxon Mobil Corp. | 1.83 | 1.99 | 2.04 | 2.08 | 1.99 | 1.81 | 1.64 | 1.50 | 1.35 | 1.15 | 1.14 | 1.10 | 1.19 | 1.37 | 1.33 | — | — | — | — | — | — | — | |||||||
| Marathon Petroleum Corp. | 6.10 | 6.49 | 6.40 | 6.58 | 6.06 | 5.65 | 4.58 | 3.63 | 3.03 | 3.26 | 3.14 | 3.69 | 4.07 | 4.89 | 3.68 | — | — | — | — | — | — | — | |||||||
| Occidental Petroleum Corp. | 1.08 | 1.20 | 1.22 | 1.26 | 1.21 | 1.16 | 1.28 | 1.18 | 1.07 | 0.90 | 0.96 | 1.00 | 0.92 | 0.74 | 0.60 | — | — | — | — | — | — | — | |||||||
| Valero Energy Corp. | 6.08 | 6.98 | 7.49 | 7.78 | 7.42 | 7.00 | 6.18 | 5.42 | 4.59 | 3.57 | 3.45 | 3.96 | 4.42 | 5.63 | 4.97 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q2 2023 Calculation
Equity turnover
= (RevenuesQ2 2023
+ RevenuesQ1 2023
+ RevenuesQ4 2022
+ RevenuesQ3 2022)
÷ Total ONEOK shareholders’ equity
= (3,732 + 4,521 + 5,032 + 5,914)
÷ 7,218 = 2.66
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 deteriorated from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023. |