One Gas Inc (OGS)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,083,558	2,058,772	2,054,190	2,098,167	2,371,987	2,584,278	2,607,825	2,638,686	2,578,005	2,353,532	2,268,092	2,154,763	1,808,597	1,699,035	1,669,752	1,627,393	1,530,268	1,498,702	1,502,625	1,519,898
Total assets	US$ in thousands	8,425,570	8,039,420	7,825,070	7,764,040	7,981,930	7,432,450	7,335,120	7,420,250	7,776,400	7,321,510	8,411,410	8,467,630	8,402,120	8,133,920	8,183,650	8,679,900	6,028,710	5,763,760	5,681,610	5,674,900
Total asset turnover		0.25	0.26	0.26	0.27	0.30	0.35	0.36	0.36	0.33	0.32	0.27	0.25	0.22	0.21	0.20	0.19	0.25	0.26	0.26	0.27

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,083,558K ÷ $8,425,570K
= 0.25

One Gas Inc's total asset turnover has shown some fluctuations over the past few years. The total asset turnover ratio indicates how efficiently the company is using its assets to generate revenue.

From March 31, 2020, to December 31, 2021, the total asset turnover ratio remained relatively stable around 0.25 to 0.27, suggesting a consistent level of asset utilization. However, there was a noticeable decline in the ratio in the first quarter of 2022 to 0.19, indicating a potential decrease in efficiency in generating revenue from assets.

Subsequently, the total asset turnover ratio gradually improved, reaching 0.36 by June 30, 2023, signaling a more efficient use of assets to generate revenue. However, the ratio declined slightly by the end of 2023 and remained relatively stable around 0.25 to 0.30 until December 31, 2024.

Overall, despite some fluctuations, One Gas Inc's total asset turnover ratio has generally reflected a reasonable level of asset efficiency in generating revenue over the reviewed period.