Lantheus Holdings Inc (LNTH)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 16.14 | 17.40 | 17.97 | 21.24 | 17.51 | 17.46 | 17.10 | 16.08 | 14.08 | 12.34 | 12.18 | 11.10 | 9.57 | 8.58 | 8.84 | 10.07 | 9.88 | 5.94 | 5.39 | 5.38 | |
| DOH | days | 22.61 | 20.98 | 20.31 | 17.19 | 20.84 | 20.91 | 21.34 | 22.70 | 25.92 | 29.57 | 29.97 | 32.87 | 38.14 | 42.53 | 41.30 | 36.24 | 36.93 | 61.50 | 67.69 | 67.86 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 16.14
= 22.61
The days of inventory on hand (DOH) for Lantheus Holdings Inc has shown a fluctuating trend over the past eight quarters. In Q4 2023, the company had 39.82 days of inventory on hand, which increased from the previous quarter but remained relatively consistent compared to the same quarter in the previous year. Throughout the quarters, there have been variations in the number of days of inventory on hand, with some quarters showing decreases while others showing increases.
Overall, the trend in DOH indicates that Lantheus Holdings Inc has been managing its inventory levels effectively, maintaining a balance between holding too much inventory, which could tie up capital, and having too little inventory, which could lead to stockouts and potential revenue loss. The company's ability to adjust its inventory levels based on demand fluctuations is crucial for optimizing its working capital and operational efficiency. Further analysis may be required to understand the factors driving these fluctuations and assess the overall effectiveness of the company's inventory management strategy.
Peer comparison
Dec 31, 2023