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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. ONEOK's annualized ROCE % for the quarter that ended in Jun. 2024 was 13.09%.
The historical data trend for ONEOK's ROCE % 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.
ONEOK Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 11.93 | 7.30 | 12.89 | 14.01 | 14.04 |
ONEOK Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
ROCE % | Get a 7-Day Free Trial | 14.16 | 10.26 | 11.93 | 11.33 | 13.09 |
ONEOK's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 4363 | / | ( ( (24379 - 3051) | + | (44266 - 3452) ) | / 2 ) | |
= | 4363 | / | ( (21328 | + | 40814) | / 2 ) | |
= | 4363 | / | 31071 | ||||
= | 14.04 % |
ONEOK's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Jun. 2024 ) | (Q: Mar. 2024 ) | (Q: Jun. 2024 ) | |||||
= | 5284 | / | ( ( (44390 - 4194) | + | (44535 - 3979) ) | / 2 ) | |
= | 5284 | / | ( ( 40196 | + | 40556 ) | / 2 ) | |
= | 5284 | / | 40376 | ||||
= | 13.09 % |
(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.
* 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) ROCE % Explanation
ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.
Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.
Thank you for viewing the detailed overview of ONEOK's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Pattye L Moore | director | 100 WEST FIFTH STREET, TULSA OK 74103 |
Wayne Thomas Smith | director | 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106 |
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 |
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 |
John William Gibson | director, officer: CEO | 100 WEST FIFTH STREET, 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 |
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