Lantheus Holdings Inc (LNTH)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	1,276,389	1,187,351	1,109,989	1,015,127	927,032	795,018	657,874	534,885	418,071	381,423	366,815	331,865	329,671	327,749	325,304	339,127	332,643	342,560	343,779	346,682
Property, plant and equipment	US$ in thousands	146,697	140,293	129,981	127,478	122,166	120,826	119,004	116,959	116,772	116,441	118,493	118,381	120,171	122,381	122,903	108,613	116,497	113,531	113,117	112,211
Fixed asset turnover		8.70	8.46	8.54	7.96	7.59	6.58	5.53	4.57	3.58	3.28	3.10	2.80	2.74	2.68	2.65	3.12	2.86	3.02	3.04	3.09

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,276,389K ÷ $146,697K
= 8.70

Lantheus Holdings Inc's fixed asset turnover has shown a consistent increasing trend over the past eight quarters. The fixed asset turnover ratio measures how efficiently the company generates sales revenue from its fixed assets. With a significant improvement from 4.63 in Q1 2022 to 8.84 in Q4 2023, this indicates that the company has been utilizing its fixed assets more efficiently over time. A higher fixed asset turnover ratio suggests that the company is generating more revenue from its investments in fixed assets, which can be a positive sign of operational efficiency and effective asset utilization. The consistent increase in this ratio reflects positively on Lantheus Holdings Inc's ability to generate sales relative to its investment in fixed assets.