Antero Resources Corp (AR)

Total asset 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
Total assets	US$ in thousands	13,010,000	13,517,200	14,118,000	13,896,500	13,150,800
Total asset turnover		0.33	0.35	0.51	0.33	0.27

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $4,325,600K ÷ $13,010,000K
= 0.33

Total asset turnover is a key efficiency ratio that measures how effectively a company is generating revenue from its total assets. For Antero Resources Corp, we observe fluctuations in this ratio over the years.

In 2020, the total asset turnover was relatively low at 0.27, indicating that the company generated $0.27 in revenue for every $1 of assets. This could imply underutilization or inefficiency in asset management.

By the end of 2021, the total asset turnover improved to 0.33, suggesting a slight increase in efficiency in generating revenue from assets. However, the ratio remained relatively low compared to industry averages.

The ratio significantly improved in 2022 to 0.51, indicating a more efficient use of assets to generate revenue. This could be a positive sign of improved operational efficiency or increased sales.

Despite the improvement in 2022, the total asset turnover decreased to 0.35 by the end of 2023. This could indicate a decline in revenue generation relative to total assets, possibly due to changes in sales volume or asset base.

In 2024, the total asset turnover remained at 0.33, similar to the level in 2021. This suggests that the company may need to focus on optimizing asset utilization and revenue generation to improve overall efficiency.

Overall, the fluctuating trend in Antero Resources Corp's total asset turnover highlights the importance of effectively managing assets to maximize revenue generation. Further analysis of the company's operations and asset utilization may be necessary to identify areas for improvement.