Antero Resources Corp (AR)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	4,681,970	7,138,440	4,619,430	3,491,700	4,408,690
Receivables	US$ in thousands	42,619	35,488	78,998	28,457	171,419
Receivables turnover		109.86	201.15	58.48	122.70	25.72

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $4,681,970K ÷ $42,619K
= 109.86

The receivables turnover ratio of Antero Resources Corp has shown some fluctuations over the past five years. The ratio indicates how efficiently the company is collecting on its credit sales.

In 2023, the receivables turnover ratio was 109.86, which indicates that the company turned over its accounts receivable approximately 109.86 times during the year. This is a significant decrease from the previous year when the ratio was 201.15. The sharp decline could suggest a change in the company's credit policies or challenges in collecting receivables efficiently.

In 2021, the ratio was 58.48, showing a decrease from the peak in 2022. However, it improved from 2020 when it was 122.70. This improvement could suggest that the company made efforts to streamline its collections process or reduce outstanding receivables.

The lowest receivables turnover ratio was seen in 2019 at 25.69, indicating that the company took longer to collect on its credit sales that year.

Overall, fluctuations in the receivables turnover ratio of Antero Resources Corp over the years may indicate changes in the company's credit policies, collection procedures, or the overall economic environment impacting receivables management. Further analysis of the company's financial statements and industry trends would provide additional insights into the efficiency of its accounts receivable management.