One Gas Inc (OGS)
Working capital 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 current assets | US$ in thousands | 929,881 | 765,204 | 1,217,610 | 2,224,560 | 539,869 |
| Total current liabilities | US$ in thousands | 1,458,280 | 1,477,220 | 1,189,420 | 980,493 | 797,079 |
| Working capital turnover | — | — | 91.45 | 1.45 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,083,560K ÷ ($929,881K – $1,458,280K)
= —
The working capital turnover ratio for One Gas Inc indicates the company's ability to efficiently utilize its working capital to generate revenue. A higher ratio suggests that the company is effectively managing its working capital to support its operations.
Based on the data provided:
- As of December 31, 2021, the working capital turnover ratio was 1.45, indicating that for every dollar of working capital, the company generated $1.45 in revenue.
- By December 31, 2022, the ratio significantly increased to 91.45, reflecting a substantial improvement in the company's efficiency in utilizing its working capital to generate revenue.
However, there is missing data for December 31, 2020, 2023, and 2024, which limits a comprehensive trend analysis over the years.
Overall, the significant increase in the working capital turnover ratio from 2021 to 2022 suggests that One Gas Inc has made improvements in managing its working capital efficiently to drive revenue growth. Investors and stakeholders may view this positively as it indicates a potential increase in operational efficiency and financial performance.
Peer comparison
Dec 31, 2024