Antero Midstream Partners LP (AM)

Working capital 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 current assets US$ in thousands 91,128 95,534 93,906 98,414 88,993 80,785 77,057 80,290 83,804 87,490 92,438 91,167 93,931 108,008 100,669 151,372 108,558 109,224 115,367 116,719
Total current liabilities US$ in thousands 96,417 110,649 96,609 96,219 102,077 106,382 123,772 139,129 114,009 118,690 117,837 79,750 94,005 61,259 98,145 83,560 242,084 259,628 237,504 118,062
Working capital turnover 437.80 77.18 20.02 374.92 14.48

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,041,771K ÷ ($91,128K – $96,417K)
= —

The working capital turnover for Antero Midstream Corp in Q1 2023 was 470.00. This ratio reflects how efficiently the company is utilizing its working capital to generate revenue during that period. Unfortunately, without additional data points from other quarters, it is challenging to assess the trend or make comparisons. It is crucial for the company to consistently monitor and analyze this ratio over time to ensure optimal management of its working capital resources.


Peer comparison

Dec 31, 2023

Company name
Symbol
Working capital turnover
Antero Midstream Partners LP
AM
DT Midstream Inc
DTM
Kinder Morgan Inc
KMI
Targa Resources Inc
TRGP
Williams Companies Inc
WMB