One Gas Inc (OGS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,083,560 | 2,371,990 | 2,578,000 | 1,808,600 | 1,530,270 |
| Property, plant and equipment | US$ in thousands | — | — | 5,628,840 | 5,190,840 | 4,867,060 |
| Fixed asset turnover | — | — | 0.46 | 0.35 | 0.31 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,083,560K ÷ $—K
= —
The fixed asset turnover ratio of One Gas Inc has shown an improving trend over the years, increasing from 0.31 in December 31, 2020 to 0.46 in December 31, 2022. This indicates that the company is generating more revenue from its fixed assets, which is a positive sign of operational efficiency. However, it is notable that data for December 31, 2023 and December 31, 2024 is unavailable. It would be important to track this ratio in the upcoming years to assess the company's ability to effectively utilize its fixed assets to generate revenue.
Peer comparison
Dec 31, 2024
Company name
Symbol
Fixed asset turnover
One Gas Inc
OGS
—
NewJersey Resources Corporation
NJR
2.49
Northwest Natural Gas Co
NWN
—