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

—

Williams Companies Inc

WMB

—