Lantheus Holdings Inc (LNTH)

Days of inventory on hand (DOH)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Inventory turnover 7.87 7.30 7.10 6.90 9.17 9.90 10.24 11.80 9.96 9.46 8.73 7.76 6.76 6.52 6.75 6.57 5.61 5.05 5.15 5.93
DOH days 46.35 49.98 51.41 52.89 39.82 36.88 35.63 30.94 36.64 38.60 41.79 47.02 53.98 55.98 54.04 55.56 65.02 72.30 70.93 61.53

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.87
= 46.35

The days of inventory on hand (DOH) for Lantheus Holdings Inc has shown a fluctuating trend over the analyzed period. Starting at 61.53 days on March 31, 2020, the DOH increased steadily until reaching a peak of 72.30 days on September 30, 2020. Subsequently, there was a slight decrease in DOH to 55.56 days by March 31, 2021, followed by further reductions in the following quarters.

The trend continued with varying levels of DOH, reaching a low of 30.94 days on March 31, 2023, signifying more efficient management of inventory. However, there was a subsequent increase in DOH until December 31, 2024, when it recorded 46.35 days.

Overall, a decreasing trend in DOH from early 2023 to the end of 2024 suggests improved inventory management efficiency, which could potentially lead to lower carrying costs and better utilization of resources. However, it is essential for Lantheus Holdings Inc to continue monitoring and adjusting its inventory levels to maintain optimal operations and financial performance.