Antero Midstream Partners LP (AM)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,041,770 | 919,985 | 898,202 | 900,719 | 792,588 |
| Receivables | US$ in thousands | — | 87,667 | 82,884 | 91,812 | 105,603 |
| Receivables turnover | — | 10.49 | 10.84 | 9.81 | 7.51 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,041,770K ÷ $—K
= —
The receivables turnover ratio for Antero Midstream Corp has shown a consistent upward trend over the past five years. This ratio indicates how many times during the year the company is able to collect its average accounts receivable balance.
In 2019, the receivables turnover was 8.05, meaning the company collected its outstanding receivables approximately 8 times during that year. This ratio has steadily increased to 12.42 in 2023, suggesting that Antero Midstream Corp has been more efficient in collecting its receivables over time.
A higher receivables turnover ratio is generally favorable as it implies that the company is collecting its outstanding receivables more quickly, which could lead to improved cash flow and reduced risk of bad debts. This upward trend in the receivables turnover ratio reflects positively on Antero Midstream Corp's financial management and liquidity position.
Peer comparison
Dec 31, 2023