Antero Resources (Antero Resources) Accounts Receivable : $40 Mil (As of Mar. 2024)

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What is Antero Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Antero Resources's accounts receivables for the quarter that ended in Mar. 2024 was $40 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Antero Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 3.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Antero Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-20.85.

Antero Resources Accounts Receivable Historical Data

The historical data trend for Antero Resources's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Antero Resources Accounts Receivable Chart

Antero Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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171.42

28.46

79.00

35.49

42.62

Antero Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															30.21	36.89	36.93	42.62	40.12

Antero Resources Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Antero Resources Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Antero Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	40.121	/	1057.567	*	91
=	3.46

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Antero Resources's accounts receivable are only considered to be worth 75% of book value:

Antero Resources's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	0.75 * 40.121	+	0.5 * 0	-	6276.618
-	0	-	221.023)	/	310.17
=	-20.85

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Antero Resources Accounts Receivable Related Terms

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Antero Resources (Antero Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Antero Resources Corp (NYSE:AR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

7A6:Germany 7A6:Germany

Address

1615 Wynkoop Street, Denver, CO, USA, 80202

Website

https://www.anteroresources.com

Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2022, the company reported proven reserves of 17.8 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,205 million cubic feet of equivalent a day in 2022 at a ratio of 32% liquids and 68% natural gas.

Executives

Sheri Pearce	officer: See Remarks	1615 WYNKOOP ST., DENVER CO 80202
Michael N. Kennedy	officer: Senior Vice President Finance	707 - 17TH STREET, SUITE 3600, DENVER CO 80202
Keenan W Howard Jr	director	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Robert J Clark	director	1401 17TH STREET, SUITE 1200, DENVER CO 80202
W Patrick Ash	officer: See Remarks	400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060
Yvette K Schultz	officer: See Remarks.	1615 WYNKOOP STREET, DENVER CO 80202
Brenda R Schroer	director	600 W. ILLINOIS AVENUE, ONE CONCHO CENTER, MIDLAND TX 79701
Jacqueline C Mutschler	director	2000 ST. JAMES PLACE, HOUSTON TX 77056
Vicky Sutil	director	10889 WILSHIRE BLVD., LOS ANGELES CA 90024
Tyree Thomas B Jr	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Warburg Pincus Llc	10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
James R. Levy	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity X O&g, L.p.	director, 10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Peter Kagan	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Paul M Rady	director, officer: See Remarks	1625 17TH STREET, DENVER CO 80202