ONEOK (OKE) Total Assets

: $44,266 Mil (As of Dec. 2023)

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ONEOK's Total Assets for the quarter that ended in Dec. 2023 was $44,266 Mil.

Warning Sign:

If a company builds assets at 14.5% a year, faster than its revenue growth rate of 11.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, ONEOK's average Total Assets Growth Rate was 81.80% per year. During the past 3 years, the average Total Assets Growth Rate was 24.90% per year. During the past 5 years, the average Total Assets Growth Rate was 14.50% per year. During the past 10 years, the average Total Assets Growth Rate was 8.20% per year.

During the past 13 years, ONEOK's highest 3-Year average Total Assets Growth Rate was 81.90%. The lowest was -5.60%. And the median was 8.80%.

Total Assets is connected with ROA %. ONEOK's annualized ROA % for the quarter that ended in Dec. 2023 was 6.24%. Total Assets is also linked to Revenue through Asset Turnover. ONEOK's Asset Turnover for the quarter that ended in Dec. 2023 was 0.12.

ONEOK Total Assets Historical Data

The historical data trend for ONEOK's Total Assets 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.

* Premium members only.

ONEOK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

21,812.12

23,078.75

23,621.61

24,379.00

44,266.00

ONEOK Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets																24,379.00	24,464.00	24,038.00	43,939.00	44,266.00

ONEOK Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

ONEOK's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	16484	+	27782
	=	44,266

ONEOK's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	16484	+	27782
	=	44,266

ONEOK (NYSE:OKE) Total Assets Explanation

Total Assets is connected with ROA %.

ONEOK's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	2752	/	( (43939	+	44266)	/ 2 )
	=	2752	/	44102.5
	=	6.24 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

ONEOK's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	5235	/	( (43939	+	44266)	/ 2 )
=	5235	/	44102.5
=	0.12

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

ONEOK Total Assets Related Terms

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ONEOK (OKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ONEOK Inc (NYSE:OKE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ONK:Germany ONK:Germany ONK:Germany O1KE34:Brazil OKE:Austria

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