Antero Resources Corp (AR)

Payables 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
Payables	US$ in thousands	—	77,543	24,819	26,728	14,498
Payables turnover		—	4.22	9.64	36.38	135.55

December 31, 2023 calculation

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

The payables turnover ratio for Antero Resources Corp has been consistently at 0.00 for the past five years. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable turnover. This may suggest that the company is not efficiently utilizing its suppliers' credit terms or may be experiencing challenges in paying off its suppliers on time. Further analysis of the company's cash flow and working capital management may be required to better understand the reasons behind the consistently low payables turnover ratio.