Antero Midstream Partners LP (AM)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,106,193 | 1,078,886 | 1,072,855 | 1,061,347 | 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 |
| Total assets | US$ in thousands | 5,761,750 | 5,777,450 | 5,774,970 | 5,749,240 | 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 |
| Total asset turnover | 0.19 | 0.19 | 0.19 | 0.18 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,106,193K ÷ $5,761,750K
= 0.19
Total asset turnover measures the efficiency with which Antero Midstream Partners LP generates revenue from its total assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more effectively to generate sales.
Based on the provided data, the total asset turnover for Antero Midstream Partners LP has remained relatively stable over the past few years, ranging between 0.16 and 0.19. This suggests that the company has maintained a consistent level of efficiency in generating sales from its total assets during this period.
However, a slight increasing trend can be observed from September 2023 onwards, with the total asset turnover ratio gradually rising from 0.16 to 0.19 by December 2024. This improvement could indicate that Antero Midstream Partners LP is becoming more efficient in utilizing its assets to generate revenue, which may be a positive sign for the company's financial performance and operational efficiency.
Overall, the total asset turnover ratio for Antero Midstream Partners LP appears to be stable with a slight increasing trend in recent periods, suggesting that the company is effectively managing its assets to generate sales.
Peer comparison
Dec 31, 2024