Antero Resources Corp (AR)

Fixed asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 4,325,594 4,350,984 4,421,244 4,395,895 4,681,975 5,573,125 6,511,565 7,759,940 7,138,430 7,447,410 5,916,673 4,202,073 4,619,433 3,534,253 3,380,961 3,378,792 3,491,692 3,135,340 3,873,629 4,688,378
Property, plant and equipment US$ in thousands 9,684,880 9,930,710 9,954,860 9,949,980 9,920,870 9,934,010 9,872,780 9,782,810 9,636,640 9,649,290 9,590,850 9,532,200 9,526,500 9,532,100 9,542,940 9,567,040 9,645,730 9,833,060 9,937,130 9,994,740
Fixed asset turnover 0.45 0.44 0.44 0.44 0.47 0.56 0.66 0.79 0.74 0.77 0.62 0.44 0.48 0.37 0.35 0.35 0.36 0.32 0.39 0.47

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,325,594K ÷ $9,684,880K
= 0.45

The fixed asset turnover ratio for Antero Resources Corp has fluctuated over the period provided. It decreased from 0.47 on March 31, 2020, to a low of 0.32 on September 30, 2020. There was a slight improvement in the ratio to 0.48 by December 31, 2021, before experiencing a further decline in the first half of 2022. The ratio then showed an upward trend, reaching 0.79 by March 31, 2023. However, it declined again to 0.47 by December 31, 2024, showing some volatility in the utilization of fixed assets to generate revenue over the period analyzed.