One Gas Inc (OGS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,083,560 | 2,371,990 | 2,578,000 | 1,808,600 | 1,530,270 |
| Total assets | US$ in thousands | 8,425,570 | 7,770,990 | 7,776,400 | 8,402,120 | 6,028,710 |
| Total asset turnover | 0.25 | 0.31 | 0.33 | 0.22 | 0.25 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,083,560K ÷ $8,425,570K
= 0.25
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its investments in assets. For One Gas Inc, the total asset turnover has fluctuated over the years.
In 2020, the total asset turnover was 0.25, indicating that the company generated $0.25 in revenue for every dollar of total assets it had. The ratio decreased to 0.22 by the end of 2021, suggesting a decrease in efficiency in utilizing its assets to generate revenue.
However, the total asset turnover improved in 2022, reaching 0.33, which indicates that the company was able to generate more revenue per dollar of assets invested. This improvement was sustained in 2023, with a ratio of 0.31.
By the end of 2024, the total asset turnover declined back to 0.25, returning to the level seen in 2020. This may indicate a potential inefficiency in generating revenue from its assets compared to the previous years.
Overall, the total asset turnover ratio of One Gas Inc has shown variability over the analyzed period, with fluctuations that suggest changes in the company's ability to efficiently utilize its assets to generate revenue.
Peer comparison
Dec 31, 2024