Antero Resources Corp (AR)

Inventory 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
Cost of revenue (ttm) US$ in thousands 280,530 253,187 256,897 267,191 279,062 337,911 342,578 340,369 327,267 264,360 246,558 220,763 239,090 282,507 284,999 319,052 972,305 1,433,422 2,449,595 2,547,030
Inventory US$ in thousands — 2,507 — 2,953,800 — 3,134,920 3,268,790 3,411,340 3,448,390 3,543,940 3,356,900 3,286,160 3,421,220 2,970,990 1,056 2,591,590 105,129 2,744,740 528,252 3,633,040
Inventory turnover — 100.99 — 0.09 — 0.11 0.10 0.10 0.09 0.07 0.07 0.07 0.07 0.10 269.89 0.12 9.25 0.52 4.64 0.70

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $280,530K ÷ $—K
= —

Antero Resources Corp's inventory turnover has shown significant fluctuations over the years based on the provided data. The inventory turnover ratio measures how efficiently a company is managing its inventory. A higher turnover ratio indicates that the company is selling its inventory quickly and efficiently.

In March 2020, the inventory turnover was 0.70, indicating that the company was turning over its inventory approximately every 0.70 times during that period. The ratio improved to 4.64 by June 2020, signifying a more efficient management of inventory.

However, there was a drastic decrease in September 2020, with the inventory turnover dropping to 0.52, suggesting a slowdown in how quickly the company was selling its inventory. The ratio surged to 9.25 by December 2020, reflecting a significant improvement in inventory turnover efficiency.

The following periods showed erratic fluctuations, with turnover ratios ranging from as low as 0.07 to as high as 269.89, indicating inconsistent inventory management practices. It is important for the company to maintain a stable and reasonable inventory turnover ratio to ensure optimal utilization of its resources.

The data for December 2024, being represented as "—", could be due to missing or undisclosed information. The company should strive to monitor and improve its inventory turnover to effectively manage its working capital and enhance overall operational efficiency.