Stock Analysis on Net

ONEOK Inc. (NYSE:OKE)

This company has been moved to the archive! The financial data has not been updated since August 8, 2023.

Analysis of Short-term (Operating) Activity Ratios 
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

ONEOK Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
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
Turnover Ratios
Inventory turnover 31.51 30.38 30.84 26.45 21.98 19.80 21.10 12.33 12.31 11.60 13.77 11.48 10.53 15.82 13.40 15.35 23.34 22.14 21.52
Receivables turnover 18.77 18.62 14.61 13.17 12.03 11.17 11.47 9.14 10.37 10.55 10.29 12.03 14.33 19.14 12.17 14.80 17.58 15.10 15.38
Payables turnover 16.47 15.73 13.17 11.05 8.84 8.38 9.20 6.63 7.01 6.40 7.10 8.45 7.18 8.23 5.61 6.47 9.32 8.77 8.43
Working capital turnover 55.49 55.46 16.26 13.77 9.62 23.99 26.56
Average No. Days
Average inventory processing period 12 12 12 14 17 18 17 30 30 31 26 32 35 23 27 24 16 16 17
Add: Average receivable collection period 19 20 25 28 30 33 32 40 35 35 35 30 25 19 30 25 21 24 24
Operating cycle 31 32 37 42 47 51 49 70 65 66 61 62 60 42 57 49 37 40 41
Less: Average payables payment period 22 23 28 33 41 44 40 55 52 57 51 43 51 44 65 56 39 42 43
Cash conversion cycle 9 9 9 9 6 7 9 15 13 9 10 19 9 -2 -8 -7 -2 -2 -2

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).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. ONEOK Inc. inventory turnover ratio deteriorated from Q4 2022 to Q1 2023 but then improved from Q1 2023 to Q2 2023 exceeding Q4 2022 level.
Receivables turnover An activity ratio equal to revenue divided by receivables. ONEOK Inc. receivables turnover ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. ONEOK Inc. payables turnover ratio increased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. ONEOK Inc. number of days of receivables outstanding improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Operating cycle Equal to average inventory processing period plus average receivables collection period. ONEOK Inc. operating cycle improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. ONEOK Inc. number of days of payables outstanding decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.

Inventory Turnover

ONEOK Inc., inventory turnover calculation (quarterly data)

Microsoft Excel
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)
Cost of sales and fuel 2,482 3,347 3,893 4,773 4,878 4,366 4,319 3,449 2,367 2,122 1,627 1,266 940 1,277 1,791 1,415 1,626 1,956 2,318 2,561 2,176 2,368
Inventory 460 556 581 693 774 732 581 776 600 513 371 460 515 386 507 476 362 407 438 555 400 284
Short-term Activity Ratio
Inventory turnover1 31.51 30.38 30.84 26.45 21.98 19.80 21.10 12.33 12.31 11.60 13.77 11.48 10.53 15.82 13.40 15.35 23.34 22.14 21.52
Benchmarks
Inventory Turnover, Competitors2
Chevron Corp. 23.28 25.16 28.58 25.22 26.71 27.10 24.68 21.96 18.60 17.05 16.64 18.34 20.86 20.59 23.92
ConocoPhillips 53.99 60.05 64.39 61.22 52.97 45.80 37.94 34.71 25.71 20.45 18.75 20.31 24.82 40.74 31.74
Exxon Mobil Corp. 15.02 16.69 16.32 16.05 14.93 13.84 14.73 12.30 11.14 9.86 9.47 10.95 10.88 15.09 13.79
Marathon Petroleum Corp. 13.99 14.21 17.18 15.28 12.76 13.08 13.66 10.32 9.25 7.91 8.22 10.24 10.69 14.05 10.76
Occidental Petroleum Corp. 15.60 15.37 17.79 18.75 21.57 20.63 14.06 12.52 10.63 7.59 9.38 12.01 14.56 16.02 14.09
Valero Energy Corp. 20.28 20.76 23.64 23.61 20.24 17.64 17.69 15.05 13.32 10.66 10.87 13.94 15.61 28.30 14.76

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
Inventory turnover = (Cost of sales and fuelQ2 2023 + Cost of sales and fuelQ1 2023 + Cost of sales and fuelQ4 2022 + Cost of sales and fuelQ3 2022) ÷ Inventory
= (2,482 + 3,347 + 3,893 + 4,773) ÷ 460 = 31.51

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. ONEOK Inc. inventory turnover ratio deteriorated from Q4 2022 to Q1 2023 but then improved from Q1 2023 to Q2 2023 exceeding Q4 2022 level.

Receivables Turnover

ONEOK Inc., receivables turnover calculation (quarterly data)

Microsoft Excel
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
Accounts receivable, net 1,023 1,153 1,532 1,729 1,779 1,682 1,442 1,498 1,092 910 830 718 609 498 835 719 669 813 819 1,085 935 844
Short-term Activity Ratio
Receivables turnover1 18.77 18.62 14.61 13.17 12.03 11.17 11.47 9.14 10.37 10.55 10.29 12.03 14.33 19.14 12.17 14.80 17.58 15.10 15.38
Benchmarks
Receivables Turnover, Competitors2
Chevron Corp. 11.10 12.21 11.52 10.11 7.67 7.60 8.45 8.12 7.39 6.79 8.24 10.72 13.42 13.32 10.50
ConocoPhillips 14.77 14.31 11.09 10.23 8.09 6.89 7.00 6.78 6.65 5.17 7.13 10.59 17.42 13.98 9.97
Marathon Petroleum Corp. 15.26 17.18 13.17 12.85 9.22 8.64 10.87 10.79 8.98 9.41 12.11 16.88 22.14 21.12 15.75
Occidental Petroleum Corp. 11.07 10.85 8.56 8.98 5.31 5.34 6.17 6.39 5.94 5.41 8.42 9.57 9.12 9.36 3.20

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
Receivables turnover = (RevenuesQ2 2023 + RevenuesQ1 2023 + RevenuesQ4 2022 + RevenuesQ3 2022) ÷ Accounts receivable, net
= (3,732 + 4,521 + 5,032 + 5,914) ÷ 1,023 = 18.77

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. ONEOK Inc. receivables turnover ratio improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Payables Turnover

ONEOK Inc., payables turnover calculation (quarterly data)

Microsoft Excel
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)
Cost of sales and fuel 2,482 3,347 3,893 4,773 4,878 4,366 4,319 3,449 2,367 2,122 1,627 1,266 940 1,277 1,791 1,415 1,626 1,956 2,318 2,561 2,176 2,368
Accounts payable 880 1,074 1,359 1,659 1,924 1,730 1,332 1,443 1,053 930 719 624 755 742 1,210 1,130 907 1,027 1,118 1,340 1,027 773
Short-term Activity Ratio
Payables turnover1 16.47 15.73 13.17 11.05 8.84 8.38 9.20 6.63 7.01 6.40 7.10 8.45 7.18 8.23 5.61 6.47 9.32 8.77 8.43
Benchmarks
Payables Turnover, Competitors2
Chevron Corp. 11.48 12.94 12.44 10.46 8.28 8.78 9.46 8.79 7.88 7.45 8.63 10.93 13.94 12.30 9.92
ConocoPhillips 14.52 14.88 12.84 12.02 11.18 11.03 9.16 8.83 8.15 5.94 7.04 9.47 11.83 10.20 10.25
Marathon Petroleum Corp. 10.22 11.20 9.91 9.01 6.27 6.27 8.03 7.79 6.75 6.68 8.42 11.31 14.15 12.91 9.48
Occidental Petroleum Corp. 8.87 10.11 9.09 9.78 6.49 6.22 6.66 5.98 5.51 4.83 5.96 7.43 7.09 5.98 2.91
Valero Energy Corp. 13.04 14.75 12.54 12.04 8.69 8.31 8.87 9.54 8.00 6.88 10.79 14.26 18.19 17.61 10.15

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
Payables turnover = (Cost of sales and fuelQ2 2023 + Cost of sales and fuelQ1 2023 + Cost of sales and fuelQ4 2022 + Cost of sales and fuelQ3 2022) ÷ Accounts payable
= (2,482 + 3,347 + 3,893 + 4,773) ÷ 880 = 16.47

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. ONEOK Inc. payables turnover ratio increased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Working Capital Turnover

ONEOK Inc., working capital turnover calculation (quarterly data)

Microsoft Excel
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)
Current assets 1,863 2,569 2,548 2,765 3,026 2,641 2,374 2,667 2,236 1,998 1,870 1,721 2,180 1,488 1,470 1,968 1,401 1,343 1,399 1,808 1,434 1,291
Less: Current liabilities 1,517 2,182 3,052 4,139 3,655 3,483 3,185 2,803 2,395 2,048 1,345 1,094 1,273 1,091 2,020 1,567 1,737 1,690 2,108 2,450 2,572 2,051
Working capital 346 387 (504) (1,373) (628) (841) (810) (136) (159) (50) 525 627 907 397 (550) 400 (336) (347) (710) (642) (1,138) (760)
 
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
Short-term Activity Ratio
Working capital turnover1 55.49 55.46 16.26 13.77 9.62 23.99 26.56
Benchmarks
Working Capital Turnover, Competitors2
Chevron Corp. 16.54 15.89 14.61 15.53 17.08 13.09 22.40 19.37 24.04 32.46 24.25 20.28 39.55 414.01 77.75
ConocoPhillips 16.88 16.56 13.30 11.63 9.84 9.02 11.37 3.72 3.24 3.02 2.80 3.27 3.51 4.18 3.30
Exxon Mobil Corp. 12.16 12.91 13.95 15.33 26.98 59.06 110.19
Marathon Petroleum Corp. 10.63 11.29 11.66 12.38 11.41 12.01 9.52 5.95 4.60 4.92 5.53 6.93 30.75 55.50 30.81
Occidental Petroleum Corp. 50.58 32.45 44.63 49.75 21.36 13.76 28.72 5.99 11.43 29.88 102.74 10.72 5.46
Valero Energy Corp. 17.97 21.87 26.44 31.24 28.60 37.33 26.42 21.15 15.70 12.04 9.89 10.44 16.04 38.84 18.65

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
Working capital turnover = (RevenuesQ2 2023 + RevenuesQ1 2023 + RevenuesQ4 2022 + RevenuesQ3 2022) ÷ Working capital
= (3,732 + 4,521 + 5,032 + 5,914) ÷ 346 = 55.49

2 Click competitor name to see calculations.


Average Inventory Processing Period

ONEOK Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel
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
Inventory turnover 31.51 30.38 30.84 26.45 21.98 19.80 21.10 12.33 12.31 11.60 13.77 11.48 10.53 15.82 13.40 15.35 23.34 22.14 21.52
Short-term Activity Ratio (no. days)
Average inventory processing period1 12 12 12 14 17 18 17 30 30 31 26 32 35 23 27 24 16 16 17
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Chevron Corp. 16 15 13 14 14 13 15 17 20 21 22 20 17 18 15
ConocoPhillips 7 6 6 6 7 8 10 11 14 18 19 18 15 9 11
Exxon Mobil Corp. 24 22 22 23 24 26 25 30 33 37 39 33 34 24 26
Marathon Petroleum Corp. 26 26 21 24 29 28 27 35 39 46 44 36 34 26 34
Occidental Petroleum Corp. 23 24 21 19 17 18 26 29 34 48 39 30 25 23 26
Valero Energy Corp. 18 18 15 15 18 21 21 24 27 34 34 26 23 13 25

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
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 31.51 = 12

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.

Average Receivable Collection Period

ONEOK Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel
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
Receivables turnover 18.77 18.62 14.61 13.17 12.03 11.17 11.47 9.14 10.37 10.55 10.29 12.03 14.33 19.14 12.17 14.80 17.58 15.10 15.38
Short-term Activity Ratio (no. days)
Average receivable collection period1 19 20 25 28 30 33 32 40 35 35 35 30 25 19 30 25 21 24 24
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Chevron Corp. 33 30 32 36 48 48 43 45 49 54 44 34 27 27 35
ConocoPhillips 25 26 33 36 45 53 52 54 55 71 51 34 21 26 37
Marathon Petroleum Corp. 24 21 28 28 40 42 34 34 41 39 30 22 16 17 23
Occidental Petroleum Corp. 33 34 43 41 69 68 59 57 61 67 43 38 40 39 114

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
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 18.77 = 19

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. ONEOK Inc. number of days of receivables outstanding improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Operating Cycle

ONEOK Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
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
Average inventory processing period 12 12 12 14 17 18 17 30 30 31 26 32 35 23 27 24 16 16 17
Average receivable collection period 19 20 25 28 30 33 32 40 35 35 35 30 25 19 30 25 21 24 24
Short-term Activity Ratio
Operating cycle1 31 32 37 42 47 51 49 70 65 66 61 62 60 42 57 49 37 40 41
Benchmarks
Operating Cycle, Competitors2
Chevron Corp. 49 45 45 50 62 61 58 62 69 75 66 54 44 45 50
ConocoPhillips 32 32 39 42 52 61 62 65 69 89 70 52 36 35 48
Marathon Petroleum Corp. 50 47 49 52 69 70 61 69 80 85 74 58 50 43 57
Occidental Petroleum Corp. 56 58 64 60 86 86 85 86 95 115 82 68 65 62 140

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
Operating cycle = Average inventory processing period + Average receivable collection period
= 12 + 19 = 31

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. ONEOK Inc. operating cycle improved from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Average Payables Payment Period

ONEOK Inc., average payables payment period calculation (quarterly data)

Microsoft Excel
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
Payables turnover 16.47 15.73 13.17 11.05 8.84 8.38 9.20 6.63 7.01 6.40 7.10 8.45 7.18 8.23 5.61 6.47 9.32 8.77 8.43
Short-term Activity Ratio (no. days)
Average payables payment period1 22 23 28 33 41 44 40 55 52 57 51 43 51 44 65 56 39 42 43
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Chevron Corp. 32 28 29 35 44 42 39 42 46 49 42 33 26 30 37
ConocoPhillips 25 25 28 30 33 33 40 41 45 61 52 39 31 36 36
Marathon Petroleum Corp. 36 33 37 41 58 58 45 47 54 55 43 32 26 28 38
Occidental Petroleum Corp. 41 36 40 37 56 59 55 61 66 76 61 49 51 61 126
Valero Energy Corp. 28 25 29 30 42 44 41 38 46 53 34 26 20 21 36

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
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 16.47 = 22

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. ONEOK Inc. number of days of payables outstanding decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Cash Conversion Cycle

ONEOK Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
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
Average inventory processing period 12 12 12 14 17 18 17 30 30 31 26 32 35 23 27 24 16 16 17
Average receivable collection period 19 20 25 28 30 33 32 40 35 35 35 30 25 19 30 25 21 24 24
Average payables payment period 22 23 28 33 41 44 40 55 52 57 51 43 51 44 65 56 39 42 43
Short-term Activity Ratio
Cash conversion cycle1 9 9 9 9 6 7 9 15 13 9 10 19 9 -2 -8 -7 -2 -2 -2
Benchmarks
Cash Conversion Cycle, Competitors2
Chevron Corp. 17 17 16 15 18 19 19 20 23 26 24 21 18 15 13
ConocoPhillips 7 7 11 12 19 28 22 24 24 28 18 13 5 -1 12
Marathon Petroleum Corp. 14 14 12 11 11 12 16 22 26 30 31 26 24 15 19
Occidental Petroleum Corp. 15 22 24 23 30 27 30 25 29 39 21 19 14 1 14

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
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 12 + 1922 = 9

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.