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