Lantheus Holdings Inc (LNTH)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	545,619	586,886	353,358	237,513	200,649
Inventory	US$ in thousands	68,025	64,029	35,475	35,129	35,744
Inventory turnover		8.02	9.17	9.96	6.76	5.61

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $545,619K ÷ $68,025K
= 8.02

Lantheus Holdings Inc's inventory turnover has shown a positive trend over the past five years. In December 2020, the inventory turnover was 5.61, indicating that the company's inventory was turning over approximately 5.61 times during that year.

Subsequently, the inventory turnover improved significantly, reaching 6.76 in December 2021, 9.96 in December 2022, and 9.17 in December 2023. This suggests that the company's inventory management efficiency has been increasing, with the inventory turning over at a faster rate.

However, in December 2024, the inventory turnover slightly decreased to 8.02, which could indicate a small slowdown in the company's inventory turnover efficiency compared to the previous year. Overall, Lantheus Holdings Inc has shown a positive trend in improving its inventory turnover ratio, which is a positive sign of efficient inventory management.