Antero Resources Corp (AR)

Payables turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	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	1,891,013	1,388,265	371,672	268,261
Payables	US$ in thousands	—	—	—	83,685	77,543	103,640	87,860	67,769	24,819	60,409	39,612	41,990	26,728	55,173	36,736	37,909	14,498	32,496	44,758	48,096
Payables turnover		—	—	—	4.07	4.22	2.55	2.81	3.26	9.63	4.68	7.19	7.60	36.38	25.98	66.68	67.19	130.43	42.72	8.30	5.58

December 31, 2023 calculation

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

The payables turnover ratio for Antero Resources Corp has been consistently reported as 0.00 across all quarters in the provided data. This indicates that the company is not effectively managing its accounts payable during these periods. A payables turnover ratio of 0.00 suggests that the company is not utilizing its accounts payable efficiently to manage its working capital or that there may be issues with the reporting of payables in the financial statements.
A low or zero payables turnover ratio may raise concerns about the company's liquidity, cash flow management, and relationships with suppliers. Further analysis and investigation into the company's payables management practices, financial reporting, and working capital management are recommended to understand the reasons behind the persistently low payables turnover ratio.