ONEOK (OKE) Change In Inventory : $118 Mil (TTM As of Dec. 2023)

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What is ONEOK Change In Inventory?

ONEOK's change in inventory for the quarter that ended in Dec. 2023 was $222 Mil. It means ONEOK's inventory declined by $222 Mil from Sep. 2023 to Dec. 2023 .

ONEOK's change in inventory for the fiscal year that ended in Dec. 2023 was $118 Mil. It means ONEOK's inventory declined by $118 Mil from Dec. 2022 to Dec. 2023 .

ONEOK's Total Inventories for the quarter that ended in Dec. 2023 was $787 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ONEOK's Days Inventory for the quarter that ended in Dec. 2023 was 23.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. ONEOK's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.96.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. ONEOK's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

ONEOK Change In Inventory Historical Data

The historical data trend for ONEOK's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ONEOK Change In Inventory Chart

ONEOK Annual Data

Trend

Dec14

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Dec16

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Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-10.19

172.32

-105.00

-62.00

118.00

ONEOK Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															103.00	20.00	20.00	-144.00	222.00

ONEOK Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $118 Mil.

ONEOK (NYSE:OKE) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

ONEOK's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	899	/	3561	*	365 / 4
	=	23.04

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

ONEOK's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3561	/	899
	=	3.96

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

ONEOK's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	899	/	5235
	=	0.17

ONEOK Change In Inventory Related Terms

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ONEOK (OKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ONEOK Inc (NYSE:OKE) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

100 West Fifth Street, Tulsa, OK, USA, 74103

Website

https://www.oneok.com

Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.

Executives

Eduardo A Rodriguez	director	100 WEST FIFTH STREET, TULSA OK 74103
Lyndon C Taylor	officer: See Remarks	333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
James R Hoskin	officer: See Remarks	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Wayne Thomas Smith	director	1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Lori Gobillot	director	5103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042
Janet L. Hogan	officer: Senior Vice President HR	2307 OREGON STREET, OSHKOSH WI 54902
Pierce Norton	director, officer: President & CEO	100 W. 5TH STREET, TULSA OK 74103
Brian L Derksen	director	100 W. 5TH ST., TULSA OK 74103
Scott D Schingen	officer: Senior VP Operations	100 WEST 5TH STREET, TULSA OK 74103
Mark W Helderman	director	100 W. 5TH ST., TULSA OK 74102
Mary M Spears	officer: VP & CHIEF ACCOUNTING OFFICER	100 W. 5TH ST., TULSA OK 74103
Gary David Parker	director	100 W. 5TH ST., TULSA OK 74103
Terry K Spencer	officer: OKS - COO	100 W. 5TH ST., TULSA OK 74103
John William Gibson	director, officer: CEO	100 WEST FIFTH STREET, TULSA OK 74103
Hulse Walter S Iii	officer: EVP STRATEGIC PLNG & CORP DEV	100 W. 5TH ST., TULSA OK 74103