Lantheus Holdings Inc (LNTH)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	1,033,513	982,213	931,110	895,234	621,333	607,471	580,788	550,688	494,626	418,989	386,250	337,103	342,091	322,897	312,286	310,322	288,391	181,588	174,791	172,350
Inventory	US$ in thousands	64,029	56,462	51,801	42,156	35,475	34,793	33,958	34,249	35,129	33,949	31,719	30,357	35,744	37,623	35,334	30,814	29,180	30,596	32,414	32,044
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

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,033,513K ÷ $64,029K
= 16.14

Lantheus Holdings Inc's inventory turnover has shown a fluctuating trend over the past eight quarters. The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a specific period. A higher inventory turnover ratio indicates that a company is efficiently managing its inventory levels.

In the most recent quarter, Q4 2023, the inventory turnover ratio was 9.17, which was a decrease from the previous quarter's 9.90. Despite this slight decline, the company's inventory turnover remains relatively stable and at a healthy level.

Looking back over the past two years, Lantheus Holdings Inc's inventory turnover has generally been in the range of 7.76 to 11.80. The highest turnover was recorded in Q1 2023 at 11.80, indicating that the company efficiently converted its inventory into sales during that period.

Overall, Lantheus Holdings Inc's inventory turnover ratios demonstrate effective management of its inventory levels and suggest that the company is efficiently utilizing its resources to generate revenue from its inventory.