Antero Resources Corp (AR)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,325,600 | 4,681,970 | 7,138,440 | 4,619,430 | 3,491,700 |
| Receivables | US$ in thousands | 34,413 | 42,619 | 35,488 | 78,998 | 28,457 |
| Receivables turnover | 125.70 | 109.86 | 201.15 | 58.48 | 122.70 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,325,600K ÷ $34,413K
= 125.70
To analyze Antero Resources Corp's receivables turnover, we will use the formula: Receivables Turnover = Net Credit Sales / Average Accounts Receivable.
Based on the provided data:
- Receivables turnover for December 31, 2020 was 122.70
- Receivables turnover for December 31, 2021 was 58.48
- Receivables turnover for December 31, 2022 was 201.15
- Receivables turnover for December 31, 2023 was 109.86
- Receivables turnover for December 31, 2024 was 125.70
The receivables turnover measures how efficiently a company is managing its receivables. A higher turnover ratio indicates that the company is collecting its receivables more quickly.
Analyzing Antero Resources Corp's receivables turnover over the years, we observe fluctuations in the ratio. The ratio was particularly high in 2022 at 201.15, suggesting the company collected its receivables more frequently that year. The ratio dropped in 2021 to 58.48, indicating a decrease in the efficiency of collecting receivables.
Overall, it is essential for Antero Resources Corp to consistently monitor and manage its receivables turnover to ensure efficient cash flow management and liquidity. Further analysis of the company's credit sales and accounts receivable balances would provide a more comprehensive understanding of the trends in receivables turnover.
Peer comparison
Dec 31, 2024