Antero Midstream Partners LP (AM)

Fixed asset turnover

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
Revenue (ttm) US$ in thousands 1,041,771 1,023,154 990,349 960,969 919,985 894,922 888,692 892,572 898,202 885,572 894,183 881,132 900,719 935,926 946,306 982,188 792,588 597,013 391,034 168,561
Property, plant and equipment US$ in thousands 3,793,520 3,782,550 3,756,500 3,749,220 3,751,430 3,508,010 3,492,490 3,461,100 3,394,750 3,345,840 3,293,790 3,249,730 3,254,040 3,255,890 3,249,640 3,228,260 3,273,410 3,215,980 3,744,340 3,659,680
Fixed asset turnover 0.27 0.27 0.26 0.26 0.25 0.26 0.25 0.26 0.26 0.26 0.27 0.27 0.28 0.29 0.29 0.30 0.24 0.19 0.10 0.05

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,041,771K ÷ $3,793,520K
= 0.27

The fixed asset turnover ratio for Antero Midstream Corp has remained relatively consistent over the past eight quarters, ranging between 0.26 to 0.29. This ratio indicates how efficiently the company is generating revenue from its fixed assets. The consistent figures suggest that the company is effectively utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio generally indicates more efficient asset utilization, while a lower ratio may indicate inefficiency or underutilization of fixed assets. Antero Midstream Corp's stable fixed asset turnover ratio may reflect a steady and consistent approach to managing and utilizing its fixed assets to generate revenue.


Peer comparison

Dec 31, 2023