Antero Resources Corp (AR)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		109.86	201.15	58.48	122.70	25.72
DSO	days	3.32	1.81	6.24	2.97	14.19

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 109.86
= 3.32

Antero Resources Corp's Days of Sales Outstanding (DSO) measures the average number of days it takes for the company to collect its accounts receivable. A lower DSO indicates that the company is collecting payments more quickly, while a higher DSO suggests slower collection times.

Analyzing the trend of Antero Resources Corp's DSO over the past five years, we observe fluctuations in the metric. In 2019, the DSO stood at a relatively high level of 14.21 days, indicating a longer time taken to collect receivables. However, there was a substantial improvement in DSO in 2020, dropping to 2.97 days, which suggests a significant enhancement in the company's receivables collection efficiency.

The trend continued in 2021, as the DSO increased to 6.24 days, signifying a slight slowdown in collections compared to the previous year. Subsequently, in 2022, there was a notable improvement in DSO to 1.81 days, indicating accelerated collections and efficient management of accounts receivable.

Most recently, in 2023, the DSO increased to 3.32 days, which indicates a slight increase in the time taken by the company to collect its receivables compared to the previous year. Overall, while there have been fluctuations in Antero Resources Corp's DSO over the past five years, there have been notable improvements in the efficiency of receivables collection, particularly highlighted by the significant reductions in DSO in 2020 and 2022.