Antero Midstream Partners LP (AM)

Working capital turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	1,106,190	1,041,770	919,985	898,202	900,719
Total current assets	US$ in thousands	118,064	91,128	88,993	83,804	93,931
Total current liabilities	US$ in thousands	100,612	96,417	102,077	114,009	94,005
Working capital turnover		63.38	—	—	—	—

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,106,190K ÷ ($118,064K – $100,612K)
= 63.38

The working capital turnover ratio for Antero Midstream Partners LP has been consistent at a value of 63.38 as of December 31, 2024. The absence of data for the years prior to 2024 indicates that there might have been significant changes or fluctuations in the company's working capital management during those periods. A working capital turnover ratio of 63.38 suggests that the company is able to efficiently utilize its working capital to generate revenue. This indicates that the company is effectively managing its current assets and liabilities to support its operations and generate sales.