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