Antero Resources Corp (AR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,325,600 | 4,681,970 | 7,138,440 | 4,619,430 | 3,491,700 |
| Property, plant and equipment | US$ in thousands | 9,684,880 | 9,920,870 | 9,636,640 | 9,526,500 | 9,645,730 |
| Fixed asset turnover | 0.45 | 0.47 | 0.74 | 0.48 | 0.36 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,325,600K ÷ $9,684,880K
= 0.45
Antero Resources Corp's fixed asset turnover ratio has exhibited fluctuations over the past five years. In 2020, the ratio stood at 0.36, signifying that the company generated $0.36 in revenue for every dollar invested in fixed assets. There was a notable improvement in 2022, with the ratio increasing to 0.74, indicating a more efficient utilization of fixed assets to generate revenue. However, in 2023, the ratio dropped to 0.47, suggesting a slight decline in asset efficiency. The trend continued in 2024, with the fixed asset turnover ratio decreasing further to 0.45. The company may need to focus on optimizing its fixed asset utilization to enhance revenue generation and overall operational efficiency.
Peer comparison
Dec 31, 2024