Antero Midstream Partners LP (AM)
Receivables 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 |
| Receivables | US$ in thousands | — | 940 | 940 | 96,670 | 87,667 | 80,229 | 76,469 | 79,411 | 82,884 | 86,949 | 91,402 | 89,940 | 91,812 | 105,094 | 97,027 | 150,121 | 105,603 | 106,122 | 104,484 | 111,236 |
| Receivables turnover | — | 1,088.46 | 1,053.56 | 9.94 | 10.49 | 11.15 | 11.62 | 11.24 | 10.84 | 10.18 | 9.78 | 9.80 | 9.81 | 8.91 | 9.75 | 6.54 | 7.51 | 5.63 | 3.74 | 1.52 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,041,771K ÷ $—K
= —
The receivables turnover ratio for Antero Midstream Corp has been relatively stable over the past eight quarters, ranging from 10.67 to 12.55. This ratio measures how efficiently the company is collecting its outstanding customer receivables during a specific period.
A higher receivables turnover ratio typically indicates that the company is able to collect payments from its customers quickly, which may be a positive indicator of effective credit and collection policies. Conversely, a lower ratio may suggest difficulties in collecting payments promptly.
Overall, Antero Midstream Corp's receivables turnover appears to be within a healthy range, reflecting an effective management of accounts receivable and potentially good liquidity. However, further analysis and comparison with industry benchmarks may provide deeper insights into the company's receivables management efficiency.
Peer comparison
Dec 31, 2023