One Gas Inc (OGS)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | -54.59% | 42.60% | 99.24% | 99.24% | 99.69% |
| Operating profit margin | 15.92% | 13.57% | 17.15% | 19.83% | 17.86% |
| Pretax margin | 11.46% | 10.41% | 13.64% | 15.55% | 13.89% |
| Net profit margin | 9.75% | 8.60% | 11.41% | 12.84% | 11.30% |
ONE Gas Inc's profitability ratios show a fluctuating trend over the past five years. The gross profit margin has varied widely, with a significant decrease in 2022 but a notable recovery in 2023. The operating profit margin and pretax margin also show a similar pattern, with a peak in 2020 followed by a decline in the subsequent years. The net profit margin has seen some fluctuation as well, with a drop in 2022 but an improvement in 2023. Overall, while the company's profitability ratios have not shown consistent growth, they have demonstrated resilience and the ability to recover from periods of decline.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 4.86% | 4.50% | 3.69% | 5.03% | 5.17% |
| Return on assets (ROA) | 2.98% | 2.85% | 2.46% | 3.26% | 3.27% |
| Return on total capital | 7.86% | 6.59% | 5.09% | 7.88% | 8.56% |
| Return on equity (ROE) | 8.36% | 8.58% | 8.79% | 8.79% | 8.77% |
ONE Gas Inc's profitability ratios over the past five years demonstrate consistent performance, albeit with some fluctuations.
The Operating return on assets (Operating ROA) has shown a generally increasing trend from 2019 to 2023, indicating that the company is efficiently generating operating income from its assets. The ratio stood at 4.86% in 2023, reflecting an improvement from the previous years.
The Return on assets (ROA) also shows a positive trend, although slightly lower than the Operating ROA. The ratio increased from 3.27% in 2019 to 2.98% in 2023, suggesting that the company's profitability in relation to its total assets has improved over the years.
The Return on total capital peaked in 2020 at 7.17% but has since fluctuated. The ratio was 6.49% in 2023, indicating that the company is generating a sufficient return in relation to its total capital employed, albeit slightly lower than in previous years.
Return on equity (ROE) has remained relatively stable around 8.5% over the five-year period. This suggests that the company is effectively generating returns for its shareholders.
In summary, ONE Gas Inc has shown consistent profitability performance over the years as evidenced by its ROA, Operating ROA, Return on total capital, and ROE ratios. However, there may be areas for improvement to maintain or enhance these ratios in the future.