Antero Resources Corp (AR)

Receivables 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
Revenue (ttm)	US$ in thousands	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	4,408,688	4,501,600	4,459,250	4,148,934
Receivables	US$ in thousands	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	171,419	29,207	49,994	48,979
Receivables turnover		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	25.72	154.13	89.20	84.71

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,681,975K ÷ $42,619K
= 109.86

The receivables turnover ratio for Antero Resources Corp has ranged from 91.84 to 313.18 over the past eight quarters.

The trend shows fluctuations in the efficiency of the company in collecting outstanding receivables. A higher turnover ratio indicates that the company is collecting its accounts receivables more frequently during the year.

In the most recent quarter, the receivables turnover ratio was 109.86, which suggests that the company collected its outstanding receivables approximately 109.86 times during that period.

Overall, the data indicates variability in the efficiency of Antero Resources Corp in managing its receivables over the past two years. It may be beneficial for the company to analyze the reasons behind these fluctuations and take appropriate measures to improve its receivables management practices.