One Gas Inc (OGS)

Operating 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
Operating income (ttm)	US$ in thousands	377,591	374,035	363,884	358,431	349,957	333,382	328,137	320,670	310,258	308,279	307,151	300,657	303,516	300,462	298,560	300,843	295,258	294,142	291,606	285,758
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
Operating profit margin		15.92%	8.51%	8.23%	8.05%	7.97%	9.22%	9.30%	9.39%	10.11%	11.04%	11.12%	11.05%	11.57%	10.94%	10.86%	11.83%	12.49%	26.04%	26.05%	21.25%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $377,591K ÷ $2,371,987K
= 15.92%

The operating profit margin of ONE Gas Inc has shown relatively stable performance over the past eight quarters, ranging from 13.58% to 15.92%. The highest operating profit margin was recorded in Q4 2023 at 15.92%, while the lowest was in Q1 2023 at 13.58%. Overall, the company's operating profit margin has consistently been above 13% during the period under review, indicating efficient cost management and profitability in its operations. Despite minor fluctuations, the trend suggests that ONE Gas Inc has been successful in generating profits from its core business activities.