One Gas Inc (OGS)

Receivables 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
Receivables	US$ in thousands	347,864	177,467	234,409	493,573	553,834	192,741	242,671	494,696	341,756	118,383	160,647	279,591	292,985	106,777	138,885	234,327	250,012	130,768	169,801	338,082
Receivables turnover		6.82	24.77	18.85	9.02	7.93	18.75	14.54	6.90	8.98	23.59	17.20	9.73	8.95	25.72	19.80	10.86	9.46	8.64	6.59	3.98

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,371,987K ÷ $347,864K
= 6.82

Receivables turnover for ONE Gas Inc has fluctuated over the past eight quarters, ranging from 4.36 to 14.56. In Q3 2023, the ratio was exceptionally high at 14.56, indicating a rapid turnover of receivables during that period. On the other hand, in Q1 2023 and Q4 2022, the receivables turnover was relatively lower at 5.35 and 4.65, respectively, suggesting a slower collection of receivables during those quarters. Overall, the company's receivables turnover has shown variability, which could be attributed to changes in sales patterns, customer payment behavior, or collection efficiency.