One Gas Inc (OGS)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,371,990 | 2,578,000 | 1,808,600 | 1,530,270 | 1,652,730 |
| Receivables | US$ in thousands | 347,864 | 553,834 | 341,756 | 292,985 | 250,012 |
| Receivables turnover | 6.82 | 4.65 | 5.29 | 5.22 | 6.61 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,371,990K ÷ $347,864K
= 6.82
The receivables turnover ratio for ONE Gas Inc has shown fluctuation over the past five years. In 2023, the ratio increased to 6.82, indicating that the company collected its accounts receivables approximately 6.82 times during the year. This suggests an improvement in the efficiency of the company in collecting payments from customers compared to the prior year.
The ratio was lower in 2022 at 4.65, which may indicate a slower collection of receivables during that period. However, there was a notable increase in the ratio in 2021 to 5.29, showing that the company improved its collection efficiency compared to 2020 when the ratio was 5.22.
In 2019, the receivables turnover was relatively high at 6.36, signifying a strong ability to collect payments from customers throughout that year. Overall, the trend in the receivables turnover ratio for ONE Gas Inc suggests variability but generally reflects a satisfactory performance in managing accounts receivables over the past five years.
Peer comparison
Dec 31, 2023