Lantheus Holdings Inc (LNTH)

Total asset 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
Total assets	US$ in thousands	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	405,919	402,409	390,250	443,908
Total asset turnover		0.77	0.78	0.83	0.75	0.70	0.73	0.65	0.57	0.48	0.45	0.43	0.39	0.38	0.37	0.37	0.84	0.82	0.85	0.88	0.78

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,276,389K ÷ $1,651,150K
= 0.77

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. It is calculated by dividing a company's total revenue by its average total assets.

Based on the data provided for Lantheus Holdings Inc over the past eight quarters, the total asset turnover ratios have ranged from 0.58 to 0.84. The higher the total asset turnover ratio, the more efficiently the company is utilizing its assets to generate revenue.

Lantheus Holdings Inc's total asset turnover ratio has shown some variability over the quarters, with the ratio being lowest in Q1 2022 at 0.58 and highest in Q2 2023 at 0.84. This suggests that the company's efficiency in generating revenue from its assets improved in Q2 2023 compared to previous quarters. However, it is important to note that total asset turnover ratios should be evaluated in conjunction with other financial metrics to get a comprehensive understanding of the company's overall operational efficiency and financial performance.