One Gas Inc (OGS)

Number of days of payables

		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
Payables turnover		4.24	8.27	9.41	7.63	4.10	2.63	2.34	1.63	0.05	1.21	0.85	0.45	0.08	5.02	4.62	3.77	3.72	12.44	13.67	8.68
Number of days of payables	days	86.17	44.13	38.79	47.85	88.97	138.81	155.99	224.47	6,888.48	302.23	429.34	812.30	4,792.61	72.69	79.05	96.77	98.04	29.35	26.70	42.05

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.24
= 86.17

The number of days of payables for ONE Gas Inc has shown fluctuations in recent quarters. In Q4 2023, it increased significantly to 89.46 days, which is higher compared to the previous quarters. This indicates that the company took longer to pay its suppliers during this period.

In Q3 2023, the number of days of payables dropped to 44.88 days, which was a significant decrease compared to the previous quarter. This suggests that the company improved its payment efficiency during this period.

In Q2 2023, the number of days of payables was 39.42 days, indicating a further decrease in the time taken by the company to pay its suppliers.

Overall, the trend in the number of days of payables for ONE Gas Inc has been relatively volatile, with fluctuations observed across different quarters. It is important for stakeholders to closely monitor this ratio to assess the company's liquidity management and its relationship with suppliers.