One Gas Inc (OGS)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		5.19	4.78	5.33	6.18	5.21	6.26	8.83	11.45	5.68	4.22	6.34	11.68	5.22	5.10	7.94	11.13	6.60	5.89	7.55	9.61
DOH	days	70.30	76.29	68.54	59.03	70.03	58.27	41.34	31.89	64.27	86.51	57.54	31.25	69.90	71.63	45.99	32.79	55.29	61.98	48.37	37.98

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.19
= 70.30

The Days of Inventory on Hand (DOH) for One Gas Inc have exhibited fluctuations over the past few years. The metric represents the number of days it takes for the company to sell its average inventory level, reflecting its efficiency in managing inventory levels.

From March 31, 2020, to December 31, 2022, the DOH ranged between approximately 32 to 69 days, indicating some variability in inventory management during this period. Notably, there was an increase in DOH from September 30, 2021, to September 30, 2022, peaking at 86.51 days, potentially suggesting challenges in inventory control during that period.

However, the subsequent quarters showed a decrease in DOH, with the metric ranging between approximately 31 to 70 days from March 31, 2023, to December 31, 2024. This reduction may indicate improvements in inventory management efficiency during those quarters.

Overall, fluctuations in DOH can be influenced by various factors such as demand fluctuations, supply chain disruptions, or production issues. One Gas Inc should continuously monitor and optimize its inventory management processes to ensure efficient operations and cost-effective inventory control.