ONE Gas (ONE Gas) Inventory Turnover : 1.50 (As of Dec. 2023)

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What is ONE Gas Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. ONE Gas's Cost of Goods Sold for the three months ended in Dec. 2023 was $409 Mil. ONE Gas's Average Total Inventories for the quarter that ended in Dec. 2023 was $272 Mil. ONE Gas's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.50.

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 three months ended in Dec. 2023 was 60.69.

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 quarter that ended in Dec. 2023 was 0.45.

ONE Gas Inventory Turnover Historical Data

The historical data trend for ONE Gas's Inventory Turnover 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.

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ONE Gas Inventory Turnover Chart

ONE Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.17

6.32

6.42

6.72

5.43

ONE Gas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.70	3.10	1.28	0.78	1.50

ONE Gas Inventory Turnover Calculation

ONE Gas's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1642.909	/ (	(340.078	+	264.746)	/	2 )
=	1642.909	/	302.412
=	5.43

ONE Gas's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	409.038	/ (	(279.325	+	264.746)	/	2 )
=	409.038	/	272.0355
=	1.50

ONE Gas (NYSE:OGS) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	272.0355	/	409.038	*	365 / 4
	=	60.69

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	272.0355	/	605.917
	=	0.45

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

ONE Gas Inventory Turnover Related Terms

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ONE Gas (ONE Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ONE Gas Inc (NYSE:OGS) » Definitions » Inventory Turnover

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OG9:Germany

Address

15 East Fifth Street, Tulsa, OK, USA, 74103

Website

https://www.onegas.com

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.

Executives

Angela Kouplen	officer: See Remarks	2425 SOUTH YUKON, TULSA OK 74107
Deborah Hersman	director	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Michael G Hutchinson	director	9540 SOUTH MAROON CIRCLE, SUITE 200, ENGLEWOOD CO 80112
Brian F. Brumfield	officer: See remarks	15 EAST 5TH ST., 34TH FLOOR, TULSA OK 74103
Eduardo A Rodriguez	director	100 WEST FIFTH STREET, TULSA OK 74103
William Kent Shortridge	officer: See Remarks	15 E. 5TH STREET, 34TH FLOOR, TULSA OK 74103
Tracy E Hart	director	15 EAST 5TH STREET, TULSA OK 74103
Jeffrey J Husen	officer: See Remarks	15 EAST 5TH ST., TULSA OK 74103
John William Gibson	director	100 WEST FIFTH STREET, TULSA OK 74103
Arcilia Acosta	director	LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024
Robert B Evans	director	100 COLLEGE STREET, MINDEN LA 71055
Douglas H Yaeger	director
Pattye L Moore	director	100 WEST FIFTH STREET, TULSA OK 74103
Mark A. Bender	officer: See Remarks	15 EAST 5TH ST., 34TH FLOOR, TULSA OK 74103
Caron A Lawhorn	officer: See Remarks	100 WEST FIFTH STREET, TULSA OK 74103