One Gas Inc (OGS)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	2,371,987	4,395,540	4,419,087	4,449,948	4,389,267	3,614,217	3,528,777	3,415,448	3,069,282	2,792,212	2,762,929	2,720,570	2,623,445	2,745,795	2,749,718	2,543,620	2,364,742	1,129,508	1,119,225	1,344,557
Property, plant and equipment	US$ in thousands	—	5,985,680	5,856,630	5,730,840	5,628,840	5,475,520	5,357,030	5,263,610	5,190,840	5,078,110	7,023,340	4,910,660	4,867,060	4,779,830	4,707,720	4,634,890	4,599,430	4,524,270	4,437,950	4,370,410
Fixed asset turnover		—	0.73	0.75	0.78	0.78	0.66	0.66	0.65	0.59	0.55	0.39	0.55	0.54	0.57	0.58	0.55	0.51	0.25	0.25	0.31

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,371,987K ÷ $—K
= —

The fixed asset turnover ratio for ONE Gas Inc has shown a fluctuating trend over the past eight quarters. The ratio ranged from 0.39 to 0.46 during this period. The company's ability to generate revenues from its fixed assets seems to have improved slightly in the most recent quarters compared to the earlier quarters of 2022.

The overall trend indicates that the company is utilizing its fixed assets more efficiently to generate sales. However, it is worth noting that the ratio has not shown significant growth and has remained relatively stable around the 0.40 to 0.46 range.

A fixed asset turnover ratio below 1.0 typically suggests that the company may not be efficiently utilizing its fixed assets to generate revenues. In this case, ONE Gas Inc's ratios are below 1.0, indicating that there may be room for improvement in terms of maximizing the productivity of its fixed assets.

Further analysis and comparison with industry benchmarks and historical data would provide more insights into the company's efficiency in utilizing its fixed assets for revenue generation.