One Gas Inc (OGS)

Return on assets (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
Net income (ttm)	US$ in thousands	222,850	216,561	222,482	227,928	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
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
ROA		2.64%	2.69%	2.84%	2.94%	2.90%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $222,850K ÷ $8,425,570K
= 2.64%

One Gas Inc's return on assets (ROA) has shown slight fluctuations over the past few years. The ROA was relatively stable around the 3% mark from March 2020 to December 2021, indicating efficient utilization of assets to generate profits. However, there was a noticeable decline in ROA in the following quarters, reaching a low point of 2.31% in March 2021.

Subsequently, there was a slight recovery in ROA, with values ranging between 2.31% and 2.52% from June 2021 to June 2022. Notably, there was a significant increase in ROA in the third quarter of 2022, reaching 2.94%, suggesting improved profitability relative to the assets employed.

However, this increase was not sustained, as ROA declined to 2.64% by the end of December 2024. This downward trend indicates a potential decrease in the company's ability to generate earnings from its assets in the most recent period.

Overall, One Gas Inc's ROA has shown variability over the analyzed period, with some fluctuations in profitability relative to its asset base. It would be essential for the company to further evaluate its asset management and operational efficiency to maintain or improve its return on assets in the future.