Lantheus Holdings Inc (LNTH)

Working capital 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 current assets	US$ in thousands	1,326,630	1,295,710	1,231,150	1,148,800	1,085,820	948,435	752,219	773,274	677,616	501,898	404,422	324,747	235,791	201,521	186,213	168,354	184,225	184,532	181,156	180,377
Total current liabilities	US$ in thousands	240,526	784,079	263,285	237,198	187,350	176,602	154,043	276,388	247,701	235,984	219,016	177,657	90,497	76,903	73,826	64,590	80,504	82,000	76,336	61,959
Working capital turnover		1.41	2.93	1.49	1.50	1.44	1.56	1.88	2.07	2.17	3.01	3.58	3.68	2.93	3.13	3.35	3.29	3.27	3.26	3.17	2.97

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,533,910K ÷ ($1,326,630K – $240,526K)
= 1.41

The working capital turnover ratio for Lantheus Holdings Inc has shown fluctuations over the reporting periods. It indicates the efficiency of the company in managing its working capital to generate sales revenue.

From March 31, 2020, the ratio increased steadily, reaching a peak of 3.68 on March 31, 2022. This suggests that the company was efficiently utilizing its working capital to support its operations and drive sales.

However, from June 30, 2022, the working capital turnover ratio started to decline, reaching a low of 1.41 on December 31, 2024. This decline could indicate issues such as inefficient management of working capital, a slowdown in sales relative to working capital investment, or changes in the company's operations or financial structure.

It is important for Lantheus Holdings Inc to closely monitor and manage its working capital turnover to ensure optimal efficiency in utilizing its working capital resources to sustain and grow its operations effectively. Further analysis of the company's financial performance and operational strategies may provide insights into the factors influencing these fluctuations in the working capital turnover ratio.