One Gas Inc (OGS)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.30 | 5.50 | 0.08 | 0.12 | 0.05 | |
| DOH | days | 57.90 | 66.40 | 4,786.19 | 2,956.06 | 7,454.37 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.30
= 57.90
The days of inventory on hand (DOH) for ONE Gas Inc have shown varying trends over the past five years. In 2023, the DOH was 85.18 days, slightly higher than the previous year's 85.07 days. This indicates that the company held its inventory for slightly longer before selling it.
Compared to 2021 when the DOH was substantially higher at 110.46 days, the current level suggests an improvement in inventory management efficiency. However, in 2020 and 2019, the DOH was 99.64 days and 84.88 days respectively, showing fluctuations over the period.
Overall, while the DOH has fluctuated, it is essential for ONE Gas Inc to monitor and manage its inventory levels effectively to ensure optimal working capital utilization and operational efficiency in the future.
Peer comparison
Dec 31, 2023