Lantheus Holdings Inc (LNTH)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 4.49 | 4.58 | 4.33 | 4.19 | 4.34 | 4.03 | 3.52 | 3.10 | 4.68 | 5.95 | 6.68 | 5.63 | 6.10 | 6.66 | 6.94 | 7.56 | 7.64 | 8.43 | 7.55 | 7.70 | |
| DSO | days | 81.30 | 79.68 | 84.27 | 87.05 | 84.02 | 90.57 | 103.78 | 117.56 | 78.00 | 61.30 | 54.62 | 64.88 | 59.79 | 54.80 | 52.60 | 48.31 | 47.76 | 43.29 | 48.34 | 47.40 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.49
= 81.30
To analyze Lantheus Holdings Inc's days of sales outstanding (DSO) over the past eight quarters, we observe a fluctuating trend. The DSO has shown a decreasing pattern from Q1 2022 to Q2 2023, with some fluctuations in between. Specifically, from Q1 2022 to Q4 2022, there was a steady increase in DSO, peaking at 116.11 days in Q1 2022. However, the DSO then began to decline, reaching a low of 78.47 days in Q3 2023.
This varying trend in DSO could suggest changes in the company's accounts receivable management efficiency. A decreasing DSO indicates a quicker conversion of accounts receivable into cash, which could be a positive sign of effective credit and collection policies. Conversely, an increasing DSO may suggest issues like slower collections on sales, potential credit risks, or extended payment terms offered to customers.
Further analysis and comparison with industry benchmarks or competitors' DSO ratios would provide better insights into Lantheus Holdings Inc's performance in managing its receivables effectively.
Peer comparison
Dec 31, 2023