Lantheus Holdings Inc (LNTH)

Number of days of payables

		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
Payables turnover		25.09	26.49	23.96	29.07	30.22	20.16	27.46	24.60	23.79	20.43	17.99	17.65	21.01	13.41	19.16	16.35	15.50	11.01	10.19	11.25
Number of days of payables	days	14.55	13.78	15.23	12.56	12.08	18.11	13.29	14.84	15.34	17.87	20.29	20.68	17.37	27.21	19.05	22.32	23.55	33.15	35.81	32.45

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.09
= 14.55

The number of days of payables for Lantheus Holdings Inc has displayed some variability over the past eight quarters. In Q4 2023, the company took approximately 25.62 days to pay off its suppliers, which is slightly higher compared to the previous quarter. However, it is lower than the figures observed in Q2 and Q3 of the same year.

Looking back at the trend, the number of days of payables ranged from 21.24 days to 33.43 days over the past two years. This indicates that Lantheus Holdings Inc has been managing its payables effectively, with fluctuations occurring within a reasonable range. In Q1 2022, the company took the lowest number of days to pay its obligations, standing at 30.73 days, while in Q3 2022, this figure peaked at 33.43 days.

Overall, the numbers suggest that Lantheus Holdings Inc has been maintaining a balanced approach to managing its payables, ensuring timely payments to suppliers while also optimizing cash flow and working capital efficiency.