One Gas Inc (OGS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -1,294,770 | 1,098,220 | 1,794,900 | 1,518,670 | 1,647,620 |
| Revenue | US$ in thousands | 2,371,990 | 2,578,000 | 1,808,600 | 1,530,270 | 1,652,730 |
| Gross profit margin | -54.59% | 42.60% | 99.24% | 99.24% | 99.69% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-1,294,770K ÷ $2,371,990K
= -54.59%
Based on the data provided, the gross profit margin of ONE Gas Inc has exhibited fluctuations over the past five years. The trend demonstrates a decline from 58.37% in 2019 to 52.17% in 2023. This decrease suggests a potential decrease in the company's profitability relative to its revenue during this period. However, it is important to note that the gross profit margin varies annually due to changes in the cost of goods sold, pricing strategies, and operational efficiencies. Further analysis, taking into account industry benchmarks and company-specific factors, would be necessary to fully assess the implications of these fluctuations on ONE Gas Inc's financial performance.
Peer comparison
Dec 31, 2023