Lantheus Holdings Inc (LNTH)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 25.24 | 30.26 | 23.83 | 21.05 | 15.53 | |
| Number of days of payables | days | 14.46 | 12.06 | 15.31 | 17.34 | 23.50 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.24
= 14.46
The number of days of payables for Lantheus Holdings Inc has fluctuated over the past five years. The company took approximately 25.62 days to pay its outstanding payables as of December 31, 2023, which is an increase from 21.24 days in the previous year. This indicates that the company is taking slightly longer to settle its payables in 2023 compared to 2022.
In comparison to 2021 and 2020, where the number of days of payables were 31.94 days and 29.62 days respectively, Lantheus Holdings Inc has improved its payables turnover efficiency in 2023. However, when comparing to 2019 when the company took 39.37 days to pay its payables, there has been a significant improvement in the management of payables over the past few years.
Overall, the trend in the number of days of payables for Lantheus Holdings Inc shows variability, but in recent years, the company has been able to reduce the time taken to settle its payables, indicating a more efficient management of its working capital.
Peer comparison
Dec 31, 2023