Lantheus Holdings Inc (LNTH)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,276,390	927,032	418,071	329,671	330,557
Total assets	US$ in thousands	1,651,150	1,321,260	863,784	869,821	405,919
Total asset turnover		0.77	0.70	0.48	0.38	0.81

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,276,390K ÷ $1,651,150K
= 0.77

Lantheus Holdings Inc's total asset turnover has fluctuated over the past five years. The ratio was at its lowest in 2020 at 0.39, signifying that the company generated $0.39 in revenue for every dollar of assets. However, there has been an overall increasing trend in total asset turnover since then, reaching 0.79 in 2023. This improvement indicates that the company has become more efficient in utilizing its assets to generate sales. The spike in total asset turnover in 2019 at 0.86 may have been an anomaly or could indicate a particularly strong performance that year. Overall, the upward trend in total asset turnover is a positive sign for Lantheus Holdings Inc's operational efficiency and financial performance.