Antero Midstream Partners LP (AM)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 13.85 | 12.58 | 105.32 | 176.29 | |
| Number of days of payables | days | — | 26.35 | 29.03 | 3.47 | 2.07 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Antero Midstream Corp has exhibited fluctuations over the past five years. In particular, the company's ability to pay its accounts payable within the given period has varied significantly.
The data shows a substantial increase in the number of days of payables from 18.25 days in 2019 to 66.32 days in 2021, indicating a significant elongation in the time taken by the company to settle its payables. This spike was followed by a decrease to 57.31 days in 2022, suggesting some improvement in managing payables but still remaining significantly above the 2019 level.
The most recent data point for 2023 indicates a notable decrease in the number of days of payables to 25.61 days, which may indicate a more efficient management of accounts payable during that period compared to the previous years.
Overall, the trend in the number of days of payables for Antero Midstream Corp suggests some variability in the company's ability to timely settle its accounts payable, with potential implications for its liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023