ONEOK Gross Profit vs Total Revenue Analysis

0KCI Stock   99.85  1.61  1.64%   
ONEOK financial indicator trend analysis is much more than just breaking down ONEOK Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ONEOK Inc is a good investment. Please check the relationship between ONEOK Gross Profit and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Gross Profit vs Total Revenue

Gross Profit vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ONEOK Inc Gross Profit account and Total Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between ONEOK's Gross Profit and Total Revenue is 0.75. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Revenue in the same time period over historical financial statements of ONEOK Inc, assuming nothing else is changed. The correlation between historical values of ONEOK's Gross Profit and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of ONEOK Inc are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Gross Profit i.e., ONEOK's Gross Profit and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Gross Profit

Gross profit is a required income statement account that reflects total revenue of ONEOK Inc minus its cost of goods sold. It is profit before ONEOK operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Total Revenue

Total revenue comprises all receipts ONEOK Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from ONEOK's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ONEOK Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Tax Provision is likely to gain to about 317.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 13.2 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit3.7B3.9B5.0B5.2B
Total Revenue16.5B22.4B17.7B18.6B

ONEOK fundamental ratios Correlations

0.820.880.580.340.840.880.88-0.260.440.240.83-0.010.220.440.850.680.170.840.49-0.16-0.430.890.270.54-0.4
0.820.980.740.480.930.990.980.070.490.431.00.090.420.550.990.640.430.990.610.0-0.460.920.080.87-0.46
0.880.980.690.430.91.01.0-0.080.440.430.98-0.030.410.50.990.60.320.990.56-0.03-0.490.910.130.79-0.52
0.580.740.690.80.650.70.690.410.840.410.720.140.430.880.710.890.690.750.910.18-0.580.590.080.58-0.41
0.340.480.430.80.320.440.430.380.890.20.45-0.110.230.90.440.690.70.520.830.69-0.730.260.210.26-0.53
0.840.930.90.650.320.930.90.020.390.280.940.310.270.440.890.660.310.890.5-0.18-0.230.990.060.89-0.22
0.880.991.00.70.440.931.0-0.060.450.390.990.020.380.50.990.620.340.990.56-0.04-0.460.930.130.82-0.49
0.880.981.00.690.430.91.0-0.10.440.40.98-0.030.390.50.990.60.310.990.55-0.03-0.490.910.130.79-0.52
-0.260.07-0.080.410.380.02-0.06-0.10.470.320.030.50.370.50.00.340.750.050.540.11-0.15-0.14-0.180.180.07
0.440.490.440.840.890.390.450.440.470.170.450.140.190.940.450.840.680.510.880.35-0.710.320.20.23-0.52
0.240.430.430.410.20.280.390.40.320.170.41-0.061.00.330.470.240.450.470.54-0.05-0.290.240.030.31-0.36
0.831.00.980.720.450.940.990.980.030.450.410.080.390.510.990.610.40.990.57-0.02-0.440.920.070.87-0.46
-0.010.09-0.030.14-0.110.310.02-0.030.50.14-0.060.08-0.050.04-0.010.250.22-0.010.09-0.410.210.23-0.50.330.31
0.220.420.410.430.230.270.380.390.370.191.00.39-0.050.350.460.260.50.460.56-0.02-0.30.220.030.31-0.33
0.440.550.50.880.90.440.50.50.50.940.330.510.040.350.520.840.710.580.960.37-0.630.360.290.31-0.48
0.850.990.990.710.440.890.990.990.00.450.470.99-0.010.460.520.610.381.00.59-0.04-0.490.890.120.8-0.51
0.680.640.60.890.690.660.620.60.340.840.240.610.250.260.840.610.550.640.860.03-0.460.610.240.44-0.25
0.170.430.320.690.70.310.340.310.750.680.450.40.220.50.710.380.550.440.780.35-0.470.190.070.37-0.19
0.840.990.990.750.520.890.990.990.050.510.470.99-0.010.460.581.00.640.440.640.04-0.530.880.130.8-0.53
0.490.610.560.910.830.50.560.550.540.880.540.570.090.560.960.590.860.780.640.25-0.610.420.250.39-0.45
-0.160.0-0.030.180.69-0.18-0.04-0.030.110.35-0.05-0.02-0.41-0.020.37-0.040.030.350.040.25-0.46-0.20.13-0.1-0.33
-0.43-0.46-0.49-0.58-0.73-0.23-0.46-0.49-0.15-0.71-0.29-0.440.21-0.3-0.63-0.49-0.46-0.47-0.53-0.61-0.46-0.22-0.07-0.090.86
0.890.920.910.590.260.990.930.91-0.140.320.240.920.230.220.360.890.610.190.880.42-0.2-0.220.080.84-0.23
0.270.080.130.080.210.060.130.13-0.180.20.030.07-0.50.030.290.120.240.070.130.250.13-0.070.08-0.12-0.06
0.540.870.790.580.260.890.820.790.180.230.310.870.330.310.310.80.440.370.80.39-0.1-0.090.84-0.12-0.11
-0.4-0.46-0.52-0.41-0.53-0.22-0.49-0.520.07-0.52-0.36-0.460.31-0.33-0.48-0.51-0.25-0.19-0.53-0.45-0.330.86-0.23-0.06-0.11
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ONEOK Account Relationship Matchups

ONEOK fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding415.4M431.8M447.4M448.4M485.4M509.7M
Total Assets21.8B23.1B23.6B24.4B44.3B46.5B
Short Long Term Debt Total12.7B14.3B13.7B13.7B21.8B22.9B
Other Current Liab488.8M512.4M697.0M619.6M1.2B635.8M
Total Current Liabilities2.0B1.3B3.2B3.1B3.5B2.5B
Total Stockholder Equity6.2B6.0B6.0B6.5B16.5B17.3B
Property Plant And Equipment Net18.3B19.2B19.3B20.0B32.7B34.3B
Net Debt12.7B13.8B13.6B13.5B21.4B22.5B
Accounts Payable1.2B719.3M1.3B1.4B1.6B1.0B
Cash21.0M524.5M146.4M220.2M338M354.9M
Non Current Assets Total20.3B21.2B21.2B21.8B41.2B43.2B
Non Currrent Assets Other(362.7M)(669.2B)(1.2T)(1.7T)319M335.0M
Cash And Short Term Investments21.0M524.5M146.4M220.2M338M354.9M
Net Receivables835.1M829.8M1.4B1.5B1.7B1.1B
Liabilities And Stockholders Equity21.8B23.1B23.6B24.4B44.3B46.5B
Non Current Liabilities Total13.6B15.7B14.4B14.8B24.3B25.5B
Inventory506.7M371.0M580.9M580.7M787M462.1M
Other Current Assets107.6M144.5M205.3M214.5M278M286.0M
Total Liab15.6B17.0B17.6B17.9B27.8B29.2B
Total Current Assets1.5B1.9B2.4B2.5B3.1B2.1B
Short Term Debt321.6M23.4M1.1B937M507M797.8M
Other Stockholder Equity6.6B6.6B6.5B6.5B15.6B16.4B
Accumulated Other Comprehensive Income(374M)(551.4M)(471.4M)(108.3M)(33M)(34.7M)
Current Deferred Revenue190.8M334.6M333.1M1.7T104M98.8M
Intangible Assets276.8M246.1M235.7M225.3M1.3B1.4B
Other Assets157.7M375.1M276.9M241.3M217.2M206.3M
Long Term Debt8.1B8.9B12.5B14.2B16.4B11.4B
Capital Surpluse6.6B7.6B7.4B7.4B8.5B6.6B
Treasury Stock(876.7M)(851.8M)(808.4M)(764.3M)(878.9M)(922.9M)
Other Liab936.5M1.2B1.6B2.1B2.4B1.2B
Net Tangible Assets5.3B5.3B5.3B5.7B6.6B5.8B
Property Plant Equipment18.4B19.3B19.4B20.0B23.0B19.2B

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