Antero Resources Corp (AR)

Receivables 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
Revenue (ttm)	US$ in thousands	4,325,594	4,350,984	4,421,244	4,395,895	4,681,975	5,573,125	6,511,565	7,759,940	7,138,430	7,447,410	5,916,673	4,202,073	4,619,433	3,534,253	3,380,961	3,378,792	3,491,692	3,135,340	3,873,629	4,688,378
Receivables	US$ in thousands	34,413	26,156	23,552	40,121	42,619	36,928	36,887	30,207	35,488	23,770	25,375	45,755	78,998	34,768	36,145	86,657	28,457	88,062	57,013	91,944
Receivables turnover		125.70	166.35	187.72	109.57	109.86	150.92	176.53	256.89	201.15	313.31	233.17	91.84	58.48	101.65	93.54	38.99	122.70	35.60	67.94	50.99

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,325,594K ÷ $34,413K
= 125.70

The receivables turnover ratio of Antero Resources Corp has shown significant fluctuations over the past few years. The ratio indicates how efficiently the company is collecting outstanding receivables from its customers.

From March 31, 2020, to June 30, 2020, there was a notable increase in the receivables turnover ratio, suggesting that the company was collecting receivables at a faster rate during this period. However, from September 30, 2020, to December 31, 2020, the ratio more than tripled, indicating a substantial improvement in the collection process.

Subsequently, from March 31, 2021, to June 30, 2021, there was another significant increase in the receivables turnover ratio, signaling an improvement in the efficiency of receivables collection. This trend continued till September 30, 2021, where the ratio reached its peak during the analyzed period.

However, from December 31, 2021, to June 30, 2022, there was a substantial decline in the receivables turnover ratio, which could indicate potential challenges in collecting receivables efficiently during this period.

The ratio then experienced a notable increase from June 30, 2022, to September 30, 2022, followed by a further increase till March 31, 2023. However, from June 30, 2023, to December 31, 2024, the ratio fluctuated within a certain range, suggesting some level of inconsistency in receivables collection efficiency.

Overall, the receivables turnover ratio of Antero Resources Corp has shown both positive and negative trends over the analyzed period, indicating fluctuations in the company's ability to efficiently collect outstanding receivables from its customers. It would be beneficial for the company to closely monitor this ratio and implement strategies to maintain a healthy balance between collecting receivables promptly and maintaining good customer relationships.