Antero Resources Corp (AR)

Total asset 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
Total assets	US$ in thousands	13,619,400	14,118,000	13,896,500	13,150,800	15,197,600
Total asset turnover		0.34	0.51	0.33	0.27	0.29

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $4,681,970K ÷ $13,619,400K
= 0.34

The total asset turnover ratio for Antero Resources Corp has varied over the past five years. In 2023, the total asset turnover was 0.34, indicating that the company generated $0.34 in sales for every $1 of assets. This represents a decrease from the previous year's ratio of 0.51.

The declining trend in the total asset turnover ratio from 2022 to 2023 suggests that the company's ability to generate sales from its total assets has weakened. This may indicate inefficiencies in asset utilization or declining sales relative to the size of the asset base.

Comparing the 2023 ratio to the ratios from 2021, 2020, and 2019, we observe fluctuations in performance. While the total asset turnover was relatively low in 2021 and 2020 at 0.33 and 0.27, respectively, it improved in 2019 to 0.29.

Overall, the total asset turnover ratio for Antero Resources Corp has not shown consistent growth or stability over the past five years, signaling the need for further analysis of the company's asset management and sales strategies.