One Gas Inc (OGS)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	231,232	227,531	226,043	225,429	221,742	215,222	211,774	209,792	206,433	204,252	205,078	200,310	196,412	189,243	185,621	184,766	186,749	180,291	179,110	175,059
Total assets	US$ in thousands	7,770,990	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	5,708,300	5,533,180	5,446,610	5,524,290
ROA		2.98%	3.06%	3.08%	3.04%	2.85%	2.94%	2.52%	2.48%	2.46%	2.51%	2.51%	2.31%	3.26%	3.28%	3.27%	3.26%	3.27%	3.26%	3.29%	3.17%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $231,232K ÷ $7,770,990K
= 2.98%

Over the past eight quarters, ONE Gas Inc's return on assets (ROA) has shown a relatively stable performance, ranging from 2.48% to 3.08%. ROA measures the company's ability to generate profit from its assets, with higher values indicating more efficient asset utilization. The upward trend from Q2 2022 to Q3 2023 suggests an improvement in the company's profitability relative to its total assets. Despite some fluctuations, the ROA has generally remained above 2.5%, indicating that the company has been able to effectively generate earnings from its asset base. This consistent performance reflects positively on ONE Gas Inc's operational efficiency and financial management.