Days Inventory is also known as Days Sales of Inventory (DSI). ONE Gas's Average Total Inventories for the
three
months ended in Dec. 2023 was $272 Mil. ONE Gas's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $409 Mil.
Hence, ONE Gas's Days Inventory for the
three
months ended in Dec. 2023 was 60.69.
The historical rank and industry rank for ONE Gas's Days Inventory or its related term are showing as below:
OGS'
s Days Inventory Range Over the Past 10 Years
Min: 48.96 Med: 57.3 Max: 67.19
Current: 56.59
During the past 13 years, ONE Gas's highest Days Inventory was 67.19. The lowest was 48.96. And the median was 57.30.
OGS's Days Inventory is ranked worse than 78.92% of 465
companies
in the Utilities - Regulated industry
Industry Median: 22.67
vs OGS: 56.59
ONE Gas's Days Inventory
increased
from Dec. 2022 (53.71) to Dec. 2023 (60.69).
It might indicate that ONE Gas's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
ONE Gas's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.50.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
ONE Gas's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.45.
ONE Gas Days Inventory Historical Data
The historical data trend for ONE Gas's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of ONE Gas's Days Inventory
For the Utilities - Regulated Gas subindustry, ONE Gas's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ONE Gas's Days Inventory Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ONE Gas's Days Inventory distribution charts can be found below:
* The bar in red indicates where ONE Gas's Days Inventory falls into.
ONE Gas Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
ONE Gas's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ONE Gas (NYSE:OGS) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
ONE Gas's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
ONE Gas's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
ONE Gas Days Inventory Related Terms
Thank you for viewing the detailed overview of ONE Gas's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
ONE Gas Inc is a regulated natural gas utility company. It is involved in the distribution and sale of natural gas to residential, commercial, industrial, and transportation consumers through its network of pipelines and service lines. Almost all of the company's revenue is derived from natural gas sales in the states of Oklahoma, Kansas, and Texas. The company controls considerable market shares in Oklahoma and Kansas and is one of the largest natural gas utilities in the U.S.
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