One Gas Inc (OGS)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	399,044	381,869	379,623	374,220	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
Total assets	US$ in thousands	8,425,570	8,039,420	7,825,070	7,764,040	7,981,930	7,432,450	7,335,120	7,420,250	7,776,400	7,321,510	8,411,410	8,467,630	8,402,120	8,133,920	8,183,650	8,679,900	6,028,710	5,763,760	5,681,610	5,674,900
Operating ROA		4.74%	4.75%	4.85%	4.82%	4.73%	5.03%	4.96%	4.83%	4.50%	4.55%	3.90%	3.79%	3.69%	3.79%	3.75%	3.46%	5.03%	5.21%	5.25%	5.30%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $399,044K ÷ $8,425,570K
= 4.74%

One Gas Inc's operating return on assets (operating ROA) has shown a decreasing trend over the period from March 31, 2020, to December 31, 2024. The operating ROA started at 5.30% in March 31, 2020, and decreased gradually to 4.74% by December 31, 2024. This indicates that the company's ability to generate operating income from its assets has declined over this time frame.

The operating ROA fluctuated within the range of 3.46% to 5.30% during this period, with some minor fluctuations quarter over quarter. However, the general trend reflects a gradual decline in the company's efficiency in utilizing its assets to generate operating profit.

It is important for stakeholders to closely monitor this trend in operating ROA as it can provide insights into the company's operational efficiency and profitability. Further analysis of the company's cost structures and asset utilization strategies may be required to address the declining trend in operating ROA and improve overall financial performance.