One Operating Income vs Income Before Tax Analysis

OGS Stock

USD 74.29 0.75 1.02%

One Gas financial indicator trend analysis is much more than just breaking down One Gas prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether One Gas is a good investment. Please check the relationship between One Gas Operating Income and its Income Before Tax accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in One Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy One Stock please use our How to Invest in One Gas guide.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of One Gas Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.

The correlation between One Gas' Operating Income and Income Before Tax is 0.96. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of One Gas, assuming nothing else is changed. The correlation between historical values of One Gas' Operating Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of One Gas are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., One Gas' Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from One Gas operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of One Gas is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on One Gas income statement and is an important metric when analyzing One Gas profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from One Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into One Gas current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in One Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy One Stock please use our How to Invest in One Gas guide.Tax Provision is likely to gain to about 46.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 427.8 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	60.3M	77.5M	121.0M	66.3M
Depreciation And Amortization	207.2M	228.5M	279.8M	183.9M

Interest Expense Depreciation And Amortization

One Gas fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Common Stock Shares Outstanding		0.58	0.46	0.61	0.5	0.61	0.44	0.61	0.59	0.45	0.46	0.85	0.61	0.37	0.41	0.45	0.85	0.33	-0.93	0.5	0.51	0.07	-0.5	0.54	0.59	0.26
Total Assets	0.58		0.92	0.85	0.79	0.94	0.76	0.96	0.37	0.92	0.79	0.5	0.97	0.51	0.8	0.87	0.5	0.55	-0.3	0.97	0.81	0.58	-0.58	0.99	0.97	0.73
Short Long Term Debt Total	0.46	0.92		0.72	0.8	0.74	0.51	0.83	0.24	1.0	0.84	0.31	0.83	0.54	0.63	0.91	0.31	0.56	-0.23	0.94	0.77	0.77	-0.29	0.97	0.92	0.88
Other Current Liab	0.61	0.85	0.72		0.84	0.88	0.64	0.91	0.29	0.7	0.71	0.64	0.91	0.39	0.57	0.64	0.64	0.46	-0.39	0.73	0.73	0.21	-0.45	0.81	0.89	0.38
Total Current Liabilities	0.5	0.79	0.8	0.84		0.7	0.42	0.84	0.14	0.78	0.81	0.54	0.81	0.35	0.3	0.56	0.54	0.54	-0.37	0.66	0.71	0.29	-0.08	0.8	0.88	0.46
Total Stockholder Equity	0.61	0.94	0.74	0.88	0.7		0.87	0.97	0.43	0.73	0.66	0.59	0.98	0.4	0.82	0.73	0.59	0.48	-0.33	0.86	0.76	0.32	-0.73	0.88	0.9	0.48
Other Liab	0.44	0.76	0.51	0.64	0.42	0.87		0.81	0.45	0.51	0.33	0.47	0.82	0.37	0.82	0.58	0.47	0.14	-0.17	0.71	0.47	0.24	-0.83	0.68	0.66	0.31
Property Plant And Equipment Net	0.61	0.96	0.83	0.91	0.84	0.97	0.81		0.41	0.82	0.74	0.59	1.0	0.45	0.72	0.74	0.59	0.51	-0.35	0.87	0.77	0.36	-0.58	0.93	0.96	0.53
Current Deferred Revenue	0.59	0.37	0.24	0.29	0.14	0.43	0.45	0.41		0.27	0.04	0.47	0.4	0.56	0.45	0.35	0.47	-0.09	-0.53	0.36	0.02	0.13	-0.54	0.33	0.27	0.14
Net Debt	0.45	0.92	1.0	0.7	0.78	0.73	0.51	0.82	0.27		0.8	0.32	0.82	0.6	0.64	0.91	0.32	0.5	-0.24	0.94	0.73	0.79	-0.29	0.96	0.9	0.89
Accounts Payable	0.46	0.79	0.84	0.71	0.81	0.66	0.33	0.74	0.04	0.8		0.33	0.74	0.06	0.38	0.68	0.33	0.87	-0.26	0.75	0.92	0.44	-0.12	0.82	0.87	0.67
Cash	0.85	0.5	0.31	0.64	0.54	0.59	0.47	0.59	0.47	0.32	0.33		0.59	0.35	0.38	0.27	1.0	0.16	-0.85	0.37	0.35	-0.09	-0.47	0.44	0.52	0.05
Non Current Assets Total	0.61	0.97	0.83	0.91	0.81	0.98	0.82	1.0	0.4	0.82	0.74	0.59		0.45	0.77	0.77	0.59	0.51	-0.35	0.89	0.79	0.39	-0.62	0.93	0.96	0.55
Non Currrent Assets Other	0.37	0.51	0.54	0.39	0.35	0.4	0.37	0.45	0.56	0.6	0.06	0.35	0.45		0.52	0.58	0.35	-0.25	-0.32	0.55	0.03	0.6	-0.34	0.54	0.4	0.51
Other Assets	0.41	0.8	0.63	0.57	0.3	0.82	0.82	0.72	0.45	0.64	0.38	0.38	0.77	0.52		0.77	0.38	0.24	-0.13	0.84	0.52	0.57	-0.86	0.76	0.65	0.62
Long Term Debt	0.45	0.87	0.91	0.64	0.56	0.73	0.58	0.74	0.35	0.91	0.68	0.27	0.77	0.58	0.77		0.27	0.38	-0.17	0.93	0.65	0.81	-0.47	0.9	0.82	0.87
Cash And Short Term Investments	0.85	0.5	0.31	0.64	0.54	0.59	0.47	0.59	0.47	0.32	0.33	1.0	0.59	0.35	0.38	0.27		0.16	-0.85	0.37	0.35	-0.09	-0.47	0.44	0.52	0.05
Net Receivables	0.33	0.55	0.56	0.46	0.54	0.48	0.14	0.51	-0.09	0.5	0.87	0.16	0.51	-0.25	0.24	0.38	0.16		-0.16	0.52	0.87	0.21	-0.11	0.56	0.61	0.48
Good Will	-0.93	-0.3	-0.23	-0.39	-0.37	-0.33	-0.17	-0.35	-0.53	-0.24	-0.26	-0.85	-0.35	-0.32	-0.13	-0.17	-0.85	-0.16		-0.22	-0.27	0.09	0.25	-0.28	-0.34	-0.06
Non Current Liabilities Total	0.5	0.97	0.94	0.73	0.66	0.86	0.71	0.87	0.36	0.94	0.75	0.37	0.89	0.55	0.84	0.93	0.37	0.52	-0.22		0.77	0.74	-0.57	0.98	0.9	0.85
Inventory	0.51	0.81	0.77	0.73	0.71	0.76	0.47	0.77	0.02	0.73	0.92	0.35	0.79	0.03	0.52	0.65	0.35	0.87	-0.27	0.77		0.37	-0.32	0.81	0.87	0.61
Other Current Assets	0.07	0.58	0.77	0.21	0.29	0.32	0.24	0.36	0.13	0.79	0.44	-0.09	0.39	0.6	0.57	0.81	-0.09	0.21	0.09	0.74	0.37		-0.17	0.68	0.49	0.95
Other Stockholder Equity	-0.5	-0.58	-0.29	-0.45	-0.08	-0.73	-0.83	-0.58	-0.54	-0.29	-0.12	-0.47	-0.62	-0.34	-0.86	-0.47	-0.47	-0.11	0.25	-0.57	-0.32	-0.17		-0.48	-0.4	-0.24
Total Liab	0.54	0.99	0.97	0.81	0.8	0.88	0.68	0.93	0.33	0.96	0.82	0.44	0.93	0.54	0.76	0.9	0.44	0.56	-0.28	0.98	0.81	0.68	-0.48		0.96	0.81
Property Plant And Equipment Gross	0.59	0.97	0.92	0.89	0.88	0.9	0.66	0.96	0.27	0.9	0.87	0.52	0.96	0.4	0.65	0.82	0.52	0.61	-0.34	0.9	0.87	0.49	-0.4	0.96		0.66
Total Current Assets	0.26	0.73	0.88	0.38	0.46	0.48	0.31	0.53	0.14	0.89	0.67	0.05	0.55	0.51	0.62	0.87	0.05	0.48	-0.06	0.85	0.61	0.95	-0.24	0.81	0.66

Click cells to compare fundamentals

One Gas Account Relationship Matchups

One Gas fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	53.2M	53.4M	53.7M	54.3M	55.9M	58.5M
Total Assets	5.7B	6.0B	8.4B	7.8B	8.0B	6.0B
Short Long Term Debt Total	1.8B	2.0B	4.2B	3.2B	3.1B	2.1B
Other Current Liab	177.8M	158.5M	165.5M	198.4M	242.1M	158.7M
Total Current Liabilities	872.7M	797.1M	980.5M	1.2B	1.5B	822.1M
Total Stockholder Equity	2.1B	2.2B	2.3B	2.6B	2.8B	2.1B
Other Liab	1.4B	1.4B	1.4B	1.3B	1.5B	1.1B
Property Plant And Equipment Net	4.6B	4.9B	5.2B	5.6B	6.2B	4.5B
Current Deferred Revenue	58.0M	68.0M	62.5M	57.9M	62.2M	66.6M
Net Debt	1.8B	2.0B	4.2B	2.9B	3.0B	2.1B
Accounts Payable	120.5M	152.3M	258.6M	360.5M	278.1M	196.8M
Cash	17.9M	8.0M	8.9M	9.7M	39.4M	41.4M
Non Current Assets Total	5.2B	5.5B	6.2B	6.6B	7.2B	5.2B
Non Currrent Assets Other	478.9M	463.8M	828.8M	(250.3M)	398.0M	417.9M
Other Assets	444.7M	463.8M	828.8M	448.2M	515.4M	436.5M
Long Term Debt	1.3B	1.6B	3.7B	2.4B	2.2B	1.6B
Cash And Short Term Investments	17.9M	8.0M	8.9M	9.7M	39.4M	41.4M
Net Receivables	260.0M	293.0M	341.8M	553.8M	347.9M	355.3M
Liabilities And Stockholders Equity	5.7B	6.0B	8.4B	7.8B	8.0B	6.0B
Non Current Liabilities Total	2.7B	3.0B	5.1B	4.0B	3.7B	3.1B
Inventory	160.0M	146.7M	234.5M	340.1M	264.7M	202.2M
Other Current Assets	68.3M	92.2M	1.6B	305.6M	113.2M	107.5M
Other Stockholder Equity	1.7B	1.8B	1.8B	1.9B	2.0B	1.6B
Total Liab	3.6B	3.8B	6.1B	5.2B	5.2B	3.9B
Property Plant And Equipment Gross	4.6B	4.9B	7.3B	7.8B	8.5B	5.1B
Total Current Assets	506.2M	539.9M	2.2B	1.2B	765.2M	814.7M
Accumulated Other Comprehensive Income	(6.7M)	(7.8M)	(6.5M)	(704K)	(1.2M)	(1.2M)
Short Term Debt	516.5M	418.2M	494M	572.7M	894.9M	939.7M
Property Plant Equipment	4.6B	4.9B	5.2B	5.6B	6.5B	4.4B
Net Tangible Assets	2.0B	2.1B	2.2B	2.1B	2.4B	1.6B
Retained Earnings	402.5M	483.6M	565.2M	651.9M	737.7M	370.4M
Common Stock Total Equity	528K	532K	536K	553K	636.0K	525.1K
Retained Earnings Total Equity	402.5M	483.6M	565.2M	651.9M	749.6M	787.1M
Long Term Debt Total	1.3B	1.6B	3.7B	2.7B	3.1B	1.7B
Deferred Long Term Liab	682.6M	656.8M	724.9M	330.8M	297.7M	582.1M
Non Current Liabilities Other	737.5M	759.1M	693.4M	1.3B	1.5B	801.4M
Common Stock	528K	532K	536K	553K	565K	533.9K
Capital Surpluse	1.7B	1.8B	1.8B	1.9B	2.2B	1.9B
Short Long Term Debt	516.5M	418.2M	494M	572.7M	888.9M	933.4M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for One Stock Analysis

When running One Gas' price analysis, check to measure One Gas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy One Gas is operating at the current time. Most of One Gas' value examination focuses on studying past and present price action to predict the probability of One Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move One Gas' price. Additionally, you may evaluate how the addition of One Gas to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC