Antero Resources Corp (AR)

Days of sales outstanding (DSO)

		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
Receivables turnover		109.86	150.92	176.53	256.89	201.15	313.31	233.17	91.84	58.48	101.65	93.54	38.99	122.70	35.60	67.94	50.99	25.72	154.13	89.20	84.71
DSO	days	3.32	2.42	2.07	1.42	1.81	1.16	1.57	3.97	6.24	3.59	3.90	9.36	2.97	10.25	5.37	7.16	14.19	2.37	4.09	4.31

December 31, 2023 calculation

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

To analyze the trend in Antero Resources Corp's Days of Sales Outstanding (DSO) over the past eight quarters, we can observe the following:

1. The DSO has shown fluctuations over the quarters, with a general decreasing trend from Q1 2022 to Q1 2023, indicating a more efficient collection of accounts receivable during this period.
2. The DSO reached its lowest point of 1.17 days in Q3 2022, suggesting a rapid turnover of accounts receivable during that quarter.
3. There was a slight increase in DSO in Q4 2022 compared to the preceding quarter, possibly indicating a minor delay in collecting sales revenue.
4. However, the DSO decreased again in Q1 2023, reaching 1.42 days, reflecting improved efficiency in collecting outstanding sales amounts.
5. Q2 2023 and Q3 2023 continued the trend of decreasing DSO, with values of 2.07 days and 2.42 days, respectively, demonstrating the company's ongoing effort in managing its accounts receivable effectively.
6. The DSO increased slightly in Q4 2023 to 3.32 days compared to the previous quarter, indicating a potential delay in collecting sales revenue during that period.

Overall, Antero Resources Corp has shown a generally positive trend in managing its accounts receivable efficiently, as reflected in the decreasing DSO over the past quarters. However, the slight increase in DSO in Q4 2023 may warrant further investigation to ensure effective receivables management practices are maintained.