Antero Resources Corp (AR)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	279,062	327,267	239,349	972,305	1,965,270
Inventory	US$ in thousands	—	3,448,390	3,421,220	2,719,940	3,311,850
Inventory turnover		—	0.09	0.07	0.36	0.59

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $279,062K ÷ $—K
= —

To calculate the inventory turnover ratio for Antero Resources Corp, we need the values of cost of goods sold (COGS) and average inventory. However, as the table provided does not include the necessary figures for any of the years, we cannot compute the inventory turnover ratio. Companies typically disclose the COGS and inventory values in their financial statements, allowing for the calculation of this ratio.

Inventory turnover ratio is a crucial metric in assessing how efficiently a company manages its inventory. A higher turnover ratio indicates that a company is selling its inventory quickly, which is generally favorable as it helps prevent obsolete inventory and reduces holding costs. Conversely, a lower turnover ratio may indicate inefficiencies in inventory management and sales performance.

Without the specific data for Antero Resources Corp, a detailed analysis of its inventory turnover ratio trend and comparison with industry peers or historical data cannot be performed. It is important for investors and stakeholders to have access to complete financial statements to evaluate the company's inventory turnover performance accurately.