ONEOK (FRA:ONK) Days Payable : 44.00 (As of Mar. 2024)

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What is ONEOK Days Payable?

ONEOK's average Accounts Payable for the three months ended in Mar. 2024 was €1,398 Mil. ONEOK's Cost of Goods Sold for the three months ended in Mar. 2024 was €2,899 Mil. Hence, ONEOK's Days Payable for the three months ended in Mar. 2024 was 44.00.

The historical rank and industry rank for ONEOK's Days Payable or its related term are showing as below:

FRA:ONK' s Days Payable Range Over the Past 10 Years
Min: 26.5 Med: 40.66 Max: 61.89
Current: 39.14

During the past 13 years, ONEOK's highest Days Payable was 61.89. The lowest was 26.50. And the median was 40.66.

FRA:ONK's Days Payable is ranked worse than
67.78% of 900 companies
in the Oil & Gas industry
Industry Median: 60.215 vs FRA:ONK: 39.14

ONEOK's Days Payable increased from Mar. 2023 (31.82) to Mar. 2024 (44.00). It may suggest that ONEOK delayed paying its suppliers.

ONEOK Days Payable Historical Data

The historical data trend for ONEOK's Days Payable 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 Days Payable Chart

ONEOK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.79

65.57

28.35

25.68

42.59

ONEOK Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															31.82	33.84	38.11	41.23	44.00

Competitive Comparison of ONEOK's Days Payable

For the Oil & Gas Midstream subindustry, ONEOK's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ONEOK's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ONEOK's Days Payable distribution charts can be found below:

* The bar in red indicates where ONEOK's Days Payable falls into.

ONEOK Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1282.896	+	1434.188)	/	2 )	/	11644.066	*	365
=	1358.542					/	11644.066	*	365
=	42.59

ONEOK's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1434.188	+	1361.6)	/	2 )	/	2898.92	*	365 / 4
=	1397.894					/	2898.92	*	365 / 4
=	44.00

ONEOK Days Payable Related Terms

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ONEOK (FRA:ONK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ONEOK Inc (FRA:ONK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OKE:USA 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.

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