Lantheus Holdings Inc (LNTH)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 16.24 | 17.54 | 14.10 | 9.59 | 9.91 | |
| DOH | days | 22.48 | 20.81 | 25.88 | 38.06 | 36.85 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 16.24
= 22.48
The analysis of Lantheus Holdings Inc days of inventory on hand (DOH) reveals a fluctuating trend over the past five years. The company's inventory management efficiency improved from 61.73 days in 2019 to 53.98 days in 2021. However, there was a slight increase in DOH to 65.02 days in 2020 before decreasing to 36.64 days in 2022.
In 2023, the DOH increased to 39.82 days, indicating a longer time taken by the company to sell its inventory compared to the previous year. This increase may suggest potential challenges in inventory management efficiency or changes in demand patterns affecting inventory turnover.
Overall, fluctuations in the DOH metric of Lantheus Holdings Inc warrant further investigation into the company's inventory management practices and the underlying reasons for the observed changes to assess the impact on its operational performance and financial health.
Peer comparison
Dec 31, 2023