One Gas Inc (OGS)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,308,440 | 1,642,910 | 1,931,350 | 1,224,680 | 968,560 |
| Inventory | US$ in thousands | 252,846 | 264,746 | 340,078 | 234,538 | 146,712 |
| Inventory turnover | 5.17 | 6.21 | 5.68 | 5.22 | 6.60 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,308,440K ÷ $252,846K
= 5.17
One Gas Inc's inventory turnover ratio has fluctuated over the past five years. In 2020, the inventory turnover ratio was 6.60, indicating that the company converted its inventory into sales 6.60 times during the year. However, this ratio decreased to 5.22 in 2021, before increasing to 5.68 in 2022.
In 2023, the inventory turnover ratio improved to 6.21, suggesting that the company managed its inventory more efficiently. However, there was a decline in 2024, with the inventory turnover ratio dropping to 5.17.
Overall, One Gas Inc's inventory turnover ratios demonstrate a mix of efficiency in managing its inventory levels. It is important for the company to closely monitor and optimize its inventory turnover to ensure effective inventory management and operational performance.
Peer comparison
Dec 31, 2024