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ONEOK (OKE) COGS-to-Revenue : 0.68 (As of Dec. 2023)


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What is ONEOK COGS-to-Revenue?

ONEOK's Cost of Goods Sold for the three months ended in Dec. 2023 was $3,561 Mil. Its Revenue for the three months ended in Dec. 2023 was $5,235 Mil.

ONEOK's COGS to Revenue for the three months ended in Dec. 2023 was 0.68.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. ONEOK's Gross Margin % for the three months ended in Dec. 2023 was 31.98%.

ONEOK COGS-to-Revenue Historical Data

The historical data trend for ONEOK's COGS-to-Revenue 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 COGS-to-Revenue Chart

ONEOK Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.67 0.78 0.83 0.72

ONEOK Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
COGS-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.78 0.71 0.71 0.68

ONEOK COGS-to-Revenue Calculation

ONEOK's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=12698 / 17677
=0.72

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

COGS to Revenue=Cost of Goods Sold / Revenue
=3561 / 5235
=0.68

* 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.

ONEOK  (NYSE:OKE) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

ONEOK's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 3561 / 5235
=31.98 %

* 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.

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

ONEOK COGS-to-Revenue Related Terms

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ONEOK (OKE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ONEOK Inc (NYSE:OKE) » Definitions » COGS-to-Revenue
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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