One Gas Inc (OGS)

Working capital 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 current assets US$ in thousands 929,881 690,502 600,225 663,695 765,204 564,365 587,289 788,469 1,217,610 958,426 2,148,870 2,274,470 2,224,560 752,890 603,711 1,158,670 539,869 369,704 347,389 407,667
Total current liabilities US$ in thousands 1,458,280 1,387,610 1,456,970 1,403,520 1,477,220 1,571,700 1,454,090 1,542,280 1,189,420 1,104,660 2,328,280 2,368,770 980,493 720,136 369,305 879,036 797,079 575,714 490,755 776,153
Working capital turnover — — — — — — — — 91.45 — — — 1.45 51.87 7.12 5.82 — — — —

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,083,558K ÷ ($929,881K – $1,458,280K)
= —

The working capital turnover ratio of One Gas Inc has shown fluctuations over the years based on the provided data. It was not calculable for the periods up to December 31, 2020. However, starting from March 31, 2021, the ratio was 5.82, indicating that the company generated $5.82 in revenue for every dollar of working capital invested.

The ratio increased to 7.12 by June 30, 2021, suggesting an improvement in the efficiency of utilizing working capital to generate revenue. This trend continued dramatically, with a significant spike to 51.87 by September 30, 2021, signifying a substantial increase in revenue generation compared to the working capital employed.

However, there was a sharp decrease in the working capital turnover ratio to 1.45 by December 31, 2021, indicating that the company generated less revenue per dollar of working capital invested during that period.

Subsequently, the ratio was not determinable for the following quarters up to March 31, 2024. The working capital turnover ratio spiked significantly to 91.45 by December 31, 2022, indicating a notable improvement in the efficiency of working capital utilization to generate revenue during that period.

Overall, the working capital turnover ratio of One Gas Inc has shown significant fluctuations, indicating varying levels of efficiency in generating revenue relative to the working capital invested during the different reporting periods.