Antero Midstream Partners LP (AM)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | 1,088.46 | 1,053.56 | 9.94 | 10.49 | 11.15 | 11.62 | 11.24 | 10.84 | 10.18 | 9.78 | 9.80 | 9.81 | 8.91 | 9.75 | 6.54 | 7.51 | 5.63 | 3.74 | 1.52 | |
| DSO | days | — | 0.34 | 0.35 | 36.72 | 34.78 | 32.72 | 31.41 | 32.47 | 33.68 | 35.84 | 37.31 | 37.26 | 37.21 | 40.99 | 37.42 | 55.79 | 48.63 | 64.88 | 97.53 | 240.87 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
To analyze Antero Midstream Corp's days of sales outstanding (DSO) trend, we observe a mixed pattern over the past eight quarters. The DSO has fluctuated within a range from a low of 29.09 days in Q2 2022 to a high of 34.20 days in Q1 2023. Generally, a lower DSO indicates quicker collection of accounts receivable and more efficient credit management.
In Q4 2023, the DSO decreased to 29.39 days compared to the previous quarter's 31.61 days, showing an improvement in the collection period of sales. This suggests effective accounts receivable management or possible changes in credit policies. However, the DSO in Q4 2023 is still slightly higher than the level observed in Q2 and Q3 2023.
Overall, Antero Midstream Corp's DSO trend indicates a need for continuous monitoring of accounts receivable collections to ensure efficient working capital management and timely cash flows. Further analysis of the company's credit and collection policies could provide insights into optimizing the DSO metric for improved financial performance.
Peer comparison
Dec 31, 2023