Antero Resources Corp (AR)

Total asset 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
Total assets	US$ in thousands	13,619,400	13,736,600	13,766,800	13,871,100	14,118,000	14,413,400	14,212,700	13,803,500	13,896,500	13,471,500	12,848,300	13,000,400	13,150,800	13,349,700	13,744,000	14,525,800	15,197,600	16,120,300	17,330,900	17,288,700
Total asset turnover		0.34	0.41	0.47	0.56	0.51	0.52	0.42	0.30	0.33	0.26	0.26	0.26	0.27	0.23	0.28	0.32	0.29	0.28	0.26	0.24

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,681,975K ÷ $13,619,400K
= 0.34

Total asset turnover is a measure of how efficiently Antero Resources Corp is generating revenue relative to the size of its total assets. The trend of total asset turnover over the past 8 quarters shows some fluctuations.

The total asset turnover ratio has ranged from a low of 0.30 in Q1 2022 to a high of 0.56 in Q1 2023. This suggests that the company's ability to utilize its assets to generate revenue has improved over time, reaching a peak in Q1 2023. However, the ratio declined in the subsequent quarters, with Q4 2023 recording the lowest turnover ratio of 0.34.

Overall, the trend indicates some variability in how efficiently Antero Resources Corp is utilizing its assets to generate sales. The company may need to focus on improving asset utilization in order to sustain and enhance its revenue generation capabilities in the future.