One Gas Inc (OGS)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 377,590 | 349,957 | 310,258 | 303,516 | 295,258 |
| Total assets | US$ in thousands | 7,770,990 | 7,776,400 | 8,402,120 | 6,028,710 | 5,708,300 |
| Operating ROA | 4.86% | 4.50% | 3.69% | 5.03% | 5.17% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $377,590K ÷ $7,770,990K
= 4.86%
The operating return on assets (ROA) of ONE Gas Inc has shown fluctuations over the past five years. In 2023, the operating ROA increased to 4.86% from 4.50% in 2022, indicating improved efficiency in generating operating income from its assets. However, compared to 2021 and 2019 where the operating ROA was 3.69% and 5.17% respectively, the 2023 performance falls between these two years.
It is notable that the operating ROA was highest in 2020 at 5.03%, suggesting that the company was able to generate more operating income per dollar of assets in that year compared to the other years presented. Overall, the trend in operating ROA for ONE Gas Inc shows some variability, and it will be essential to continue monitoring this ratio in future periods to assess the company's operational efficiency.
Peer comparison
Dec 31, 2023