Lantheus Holdings Inc (LNTH)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	1,533,910	1,296,430	935,061	425,208	339,410
Total assets	US$ in thousands	1,980,340	1,651,150	1,321,260	863,784	869,821
Total asset turnover		0.77	0.79	0.71	0.49	0.39

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,533,910K ÷ $1,980,340K
= 0.77

Total asset turnover is a financial ratio that measures a company's ability to generate sales from its investments in assets. In the case of Lantheus Holdings Inc, the total asset turnover has shown an increasing trend over the past five years.

In December 31, 2020, the total asset turnover was 0.39, indicating that the company generated $0.39 in sales for every dollar of assets it held. By December 31, 2021, this ratio improved to 0.49, showing that the company became more efficient in utilizing its assets to generate revenue.

The trend continued with further improvements in 2022 and 2023, where the total asset turnover increased to 0.71 and 0.79 respectively. This signifies that the company was able to generate more sales for each dollar invested in assets during these years.

However, there was a slight dip in the ratio in December 31, 2024, where the total asset turnover dropped to 0.77. Despite this slight decrease, the total asset turnover remained at relatively high levels, indicating that Lantheus Holdings Inc generally maintained a good level of efficiency in converting its assets into revenue over the five-year period.

Overall, Lantheus Holdings Inc has shown a positive trend in total asset turnover, reflecting its effectiveness in utilizing its assets to drive sales growth over the years.