Antero Midstream Partners LP (AM)

Number of days of payables

		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
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
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

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

The number of days of payables of Antero Midstream Partners LP has shown fluctuations over the specified periods. From the available data:

- The number of days of payables decreased from 5.40 days on March 31, 2020, to 3.47 days on December 31, 2020, indicating a more efficient management of payables during that period.

- There was a significant increase in the number of days of payables to 16.41 days on March 31, 2021, followed by a continuous upward trend reaching 29.12 days on June 30, 2022.

- The metric peaked at 39.35 days on March 31, 2022, reflecting a prolonged period for paying off liabilities.

- Subsequently, there was a slight decrease in the number of days of payables, stabilizing around the range of 26 to 28 days from December 31, 2021, to September 30, 2022.

- As of the latest available data point on June 30, 2023, no specific value is provided for the number of days of payables.

The analysis suggests that Antero Midstream Partners LP experienced fluctuations in managing its payables efficiently over the analyzed periods, with certain quarters showing significant delays in payments compared to others. Further assessment may be required to understand the underlying reasons for these changes and their implications on the company's liquidity and working capital management.