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