Lantheus Holdings Inc (LNTH)

Receivables 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
Revenue (ttm)	US$ in thousands	1,276,389	1,187,351	1,109,989	1,015,127	927,032	795,018	657,874	534,885	418,071	381,423	366,815	331,865	329,671	327,749	325,304	339,127	332,643	342,560	343,779	346,682
Receivables	US$ in thousands	284,292	259,198	256,277	242,106	213,397	197,276	187,051	172,283	89,336	64,054	54,892	58,991	54,002	49,206	46,883	44,883	43,529	40,632	45,527	45,021
Receivables turnover		4.49	4.58	4.33	4.19	4.34	4.03	3.52	3.10	4.68	5.95	6.68	5.63	6.10	6.66	6.94	7.56	7.64	8.43	7.55	7.70

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,276,389K ÷ $284,292K
= 4.49

The receivables turnover for Lantheus Holdings Inc has exhibited fluctuations over the past eight quarters. It increased from 3.14 in Q1 2022 to 4.56 in Q4 2023, showing improvement in the company's ability to collect outstanding receivables during this period. However, there were some variations in between, reaching a peak of 4.65 in Q3 2023 and a low of 3.55 in Q2 2022.

Overall, the trend indicates that Lantheus Holdings Inc has been effective in managing its accounts receivables, with a generally increasing turnover ratio. This suggests that the company is efficiently converting its credit sales into cash, which is a positive signal of liquidity and operational efficiency. It also reflects a healthy customer base and effective credit and collection policies.