Antero Midstream Partners LP (AM)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | 34.78 | 33.68 | 37.21 |
| Number of days of payables | days | — | — | 26.35 | 29.03 | 3.47 |
| Cash conversion cycle | days | 0.00 | 0.00 | 8.43 | 4.66 | 33.74 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Antero Midstream Partners LP has shown a significant improvement over the years, decreasing from 33.74 days as of December 31, 2020, to 0.00 days as of December 31, 2023 and 2024. This indicates that the company has been able to efficiently manage its working capital and convert its investments in inventory and receivables into cash quickly.
A lower cash conversion cycle means that the company is able to collect cash from its customers, sell inventory, and pay its suppliers in a shorter period. This can be a positive sign of effective cash management and operational efficiency. With a cash conversion cycle of 0.00 days in 2023 and 2024, it suggests that the company is able to maintain a streamlined cash flow process, potentially leading to improved liquidity and financial performance.
Peer comparison
Dec 31, 2024