One Gas Inc (OGS)
Working capital 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 |
| Total current assets | US$ in thousands | 765,204 | 1,217,610 | 2,224,560 | 539,869 | 506,202 |
| Total current liabilities | US$ in thousands | 1,477,220 | 1,189,420 | 980,493 | 797,079 | 872,737 |
| Working capital turnover | — | 91.45 | 1.45 | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,371,990K ÷ ($765,204K – $1,477,220K)
= —
Based on the working capital turnover data provided for ONE Gas Inc, it is evident that there was a significant increase in the ratio from 1.45 in 2021 to 91.45 in 2022. This substantial increase indicates a more efficient utilization of working capital in generating sales revenue. However, the absence of data for 2020 and 2019 limits a comprehensive trend analysis over a longer period. It is advisable to monitor this ratio over time to assess the company's ongoing efficiency in managing its working capital to support its operations and growth strategy.
Peer comparison
Dec 31, 2023