One Gas Inc (OGS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.24 | 4.10 | 0.05 | 0.08 | 0.04 | |
| Number of days of payables | days | 86.05 | 88.92 | 6,888.48 | 4,792.61 | 8,614.86 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.24
= 86.05
ONE Gas Inc's number of days of payables has fluctuated over the past five years, ranging from 63.93 days in 2019 to 121.77 days in 2021. The trend shows a peak in 2021 followed by a decrease in 2022 and 2023. A higher number of days of payables indicates that the company takes longer to pay its suppliers, potentially signaling weaker liquidity or negotiating power. Conversely, a lower number of days of payables suggests more efficient management of trade credit and better cash flow management. Further analysis and comparison with industry norms would provide insights into ONE Gas Inc's payment practices and relationships with suppliers.
Peer comparison
Dec 31, 2023