Antero Midstream Partners LP (AM)
Total asset 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 |
| Total assets | US$ in thousands | 5,737,620 | 5,758,710 | 5,752,880 | 5,770,530 | 5,791,320 | 5,563,820 | 5,585,500 | 5,580,590 | 5,544,000 | 5,533,630 | 5,540,740 | 5,546,760 | 5,610,910 | 5,673,500 | 5,715,060 | 5,781,360 | 6,282,880 | 6,445,500 | 6,769,010 | 6,668,430 |
| Total asset turnover | 0.18 | 0.18 | 0.17 | 0.17 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.17 | 0.17 | 0.13 | 0.09 | 0.06 | 0.03 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,041,771K ÷ $5,737,620K
= 0.18
Based on the data provided, Antero Midstream Corp's total asset turnover has been relatively consistent over the past eight quarters, ranging between 0.17 and 0.19. Total asset turnover measures a company's efficiency in generating revenue from its assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate sales.
In the case of Antero Midstream Corp, the average total asset turnover over these quarters is approximately 0.18. This suggests that, on average, the company generates $0.18 in revenue for every $1 of assets it possesses. The stability of the total asset turnover ratio indicates that the company has been maintaining a consistent level of asset utilization efficiency over this period.
It is important to note that a single ratio is not sufficient to provide a comprehensive analysis of a company's performance. It is recommended to use this ratio in conjunction with other financial metrics and qualitative factors to have a holistic understanding of Antero Midstream Corp's operational efficiency and financial health.
Peer comparison
Dec 31, 2023