One Gas Inc (OGS)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	-1,293,168	1,148,969	1,102,092	1,056,147	1,099,120	1,300,430	1,370,887	1,467,361	1,794,893	1,377,483	1,396,747	1,428,091	1,518,668	1,324,678	1,362,822	1,425,776	1,651,822	910,156	1,115,063	1,328,824
Revenue (ttm)	US$ in thousands	2,371,987	4,395,540	4,419,087	4,449,948	4,389,267	3,614,217	3,528,777	3,415,448	3,069,282	2,792,212	2,762,929	2,720,570	2,623,445	2,745,795	2,749,718	2,543,620	2,364,742	1,129,508	1,119,225	1,344,557
Gross profit margin		-54.52%	26.14%	24.94%	23.73%	25.04%	35.98%	38.85%	42.96%	58.48%	49.33%	50.55%	52.49%	57.89%	48.24%	49.56%	56.05%	69.85%	80.58%	99.63%	98.83%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-1,293,168K ÷ $2,371,987K
= -54.52%

ONE Gas Inc's gross profit margin has been relatively stable over the past eight quarters, ranging from 43.40% to 52.17%. The highest gross profit margin was recorded in Q4 2023 at 52.17%, showing an improvement compared to the previous quarters. This indicates that the company is effectively managing its cost of goods sold and generating a higher percentage of revenue as gross profit.

On average, ONE Gas Inc has maintained a gross profit margin of around 46-48% over the past two years, with some fluctuations in between. The slight variations in the gross profit margin may be influenced by changes in factors such as pricing strategies, cost of production, or efficiency in operations.

Overall, the trend in ONE Gas Inc's gross profit margin demonstrates a consistent performance in maintaining a healthy proportion of revenue as gross profit, which is a positive indicator of the company's financial health and operational efficiency.