Lantheus Holdings Inc (LNTH)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	1,533,910	1,496,799	1,438,011	1,365,620	1,296,429	1,205,596	1,124,942	1,026,965	935,061	801,457	664,238	541,579	425,208	389,798	376,269	341,215	339,410	334,604	331,836	351,531
Total assets	US$ in thousands	1,980,340	2,049,630	1,939,830	1,831,330	1,651,150	1,521,610	1,337,720	1,349,280	1,321,260	1,095,940	1,013,820	933,166	863,784	847,816	857,802	843,448	869,821	879,594	879,695	404,125
Total asset turnover		0.77	0.73	0.74	0.75	0.79	0.79	0.84	0.76	0.71	0.73	0.66	0.58	0.49	0.46	0.44	0.40	0.39	0.38	0.38	0.87

December 31, 2024 calculation

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

Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its assets. The ratio is calculated by dividing a company's net sales by its average total assets. A higher total asset turnover indicates that a company is utilizing its assets more efficiently to generate revenue.

Analyzing the total asset turnover of Lantheus Holdings Inc based on the provided data shows a fluctuating trend over the quarters from March 31, 2020, to December 31, 2024. The ratio started at 0.87 in March 2020 and decreased to 0.38 by June 2020 and remained relatively stable around 0.38-0.40 until March 2021.

From March 2021 to December 2024, Lantheus Holdings Inc experienced an increasing trend in total asset turnover, with the ratio gradually improving from 0.40 to 0.77 by December 31, 2024. The increase in total asset turnover implies that the company became more efficient in utilizing its assets to generate revenue over this period.

Overall, the trend indicates that Lantheus Holdings Inc has been able to enhance its asset utilization efficiency, leading to improved revenue generation relative to its total assets over the quarters analyzed.