Antero Midstream Partners LP (AM)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | — | — | — | 15.80 | 13.85 | 12.97 | 12.54 | 9.28 | 13.34 | 12.94 | 13.30 | 22.24 | 105.32 | 46.02 | 71.24 | 67.65 | 113.43 | 23.41 | 7.05 | 2.50 | |
| Number of days of payables | days | — | — | — | 23.10 | 26.35 | 28.13 | 29.12 | 39.35 | 27.35 | 28.21 | 27.45 | 16.41 | 3.47 | 7.93 | 5.12 | 5.40 | 3.22 | 15.59 | 51.76 | 146.04 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for Antero Midstream Corp has shown fluctuation in recent quarters. In Q4 2023, the company took approximately 25.61 days, a significant decrease compared to the 49.12 days in Q3 2023. This indicates that the company took less time to pay its creditors in Q4 2023. However, this improvement follows a trend of increased payment time seen in earlier quarters, with Q2 2022 and Q1 2022 showing 59.67 days and 86.72 days of payables, respectively. Overall, the downward trend in the number of days of payables from Q3 2023 to Q4 2023 suggests improved efficiency in managing payment obligations.
Peer comparison
Dec 31, 2023