Lantheus Holdings Inc (LNTH)

Payables 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
Payables	US$ in thousands	41,189	37,076	38,861	30,798	20,563	30,135	21,153	22,383	20,787	20,508	21,471	19,099	16,284	24,070	16,301	18,980	18,608	16,492	17,149	15,323
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,033,513K ÷ $41,189K
= 25.09

To analyze Lantheus Holdings Inc's payables turnover based on the provided data, we can observe that the payables turnover ratio has been fluctuating over the past eight quarters. The payables turnover ratio measures how efficiently a company is managing its payables by paying off its suppliers.

In Q4 2023, the payables turnover ratio was 14.25, which indicates that Lantheus Holdings Inc paid off its suppliers approximately 14.25 times during the quarter. This ratio decreased from the previous quarter's value of 15.07, suggesting a slight decrease in the company's ability to manage its payables efficiently.

Comparing the Q4 2023 ratio to the same quarter in the previous year, there has been a noticeable decline from 17.18 to 14.25. This could imply that the company may be taking longer to pay its suppliers, potentially impacting relationships with vendors or its working capital management.

Additionally, analyzing the trend over the past eight quarters, we can see some variability in the payables turnover ratio, with fluctuations ranging from 10.92 to 17.18. This fluctuation could be influenced by various factors such as changes in the company's payment terms, business performance, or supplier relationships.

Overall, the analysis of Lantheus Holdings Inc's payables turnover ratio suggests that the company has experienced some fluctuations in its ability to manage its payables efficiently. Further investigation into the underlying reasons for these fluctuations may be necessary to assess the company's overall financial health and working capital management.