The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. ONE Gas's Revenue for the
three
months ended in Mar. 2024 was $758 Mil. ONE Gas's average Accounts Receivable for the
three
months ended in Mar. 2024 was $336 Mil.
Hence, ONE Gas's Receivables Turnover for the
three
months ended in Mar. 2024 was 2.26.
ONE Gas Receivables Turnover Historical Data
The historical data trend for ONE Gas's Receivables 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.
Competitive Comparison of ONE Gas's Receivables Turnover
For the Utilities - Regulated Gas subindustry, ONE Gas's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ONE Gas's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where ONE Gas's Receivables Turnover falls into.
ONE Gas Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
ONE Gas's Receivables Turnover 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) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
ONE Gas Receivables Turnover Related Terms
Thank you for viewing the detailed overview of ONE Gas's Receivables Turnover 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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