ONE Gas (ONE Gas) Accounts Receivable : $325 Mil (As of Mar. 2024)

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What is ONE Gas Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ONE Gas's accounts receivables for the quarter that ended in Mar. 2024 was $325 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ONE Gas's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 39.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ONE Gas's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-81.03.

ONE Gas Accounts Receivable Historical Data

The historical data trend for ONE Gas's Accounts Receivable 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 Accounts Receivable Chart

ONE Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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250.01

292.99

341.76

553.83

347.86

ONE Gas Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															493.57	234.41	177.47	347.86	324.51

ONE Gas Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

ONE Gas Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

ONE Gas's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	324.505	/	758.32	*	91
=	39.05

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), ONE Gas's accounts receivable are only considered to be worth 75% of book value:

ONE Gas's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(11.509	+	0.75 * 324.505	+	0.5 * 190.8	-	4934.052
-	0	-	0)	/	56.5694
=	-81.03

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

ONE Gas Accounts Receivable 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 » Accounts Receivable

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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