Antero Midstream Partners LP (AM)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
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
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

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —

Days of Sales Outstanding (DSO) is a financial ratio that measures the average number of days it takes for a company to collect payment after making a sale. A lower DSO indicates that the company is able to collect payments more quickly, which is generally favorable.

Analyzing the trend in Antero Midstream Partners LP's DSO over the reported periods, we observe a consistent decrease from 55.79 days as of March 31, 2020, to 31.41 days as of June 30, 2022. This reduction indicates an improvement in the company's efficiency in collecting receivables over time.

However, there is a significant anomaly in the data as of June 30, 2023, and September 30, 2023, where the DSO is reported as 0.35 days and 0.34 days, respectively. This drastic decrease suggests a potential error or irregularity in the data reporting process. It is crucial for stakeholders to investigate and validate these figures for accuracy and reliability.

As of the latest reported period, Antero Midstream Partners LP's DSO increased to 36.72 days as of March 31, 2023. This uptick may indicate a slowdown in the company's collection efforts or changes in customer payment behavior, which could impact cash flow and liquidity.

Furthermore, the absence of data for December 31, 2023, and beyond raises concerns about the completeness and timeliness of the financial information provided. Stakeholders should encourage the company to consistently report DSO figures to assess the effectiveness of its credit and collection policies in managing receivables.