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
—