Lantheus Holdings Inc (LNTH)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 326,661 | 28,067 | -71,279 | -13,473 | 31,667 |
| Total assets | US$ in thousands | 1,651,150 | 1,321,260 | 863,784 | 869,821 | 405,919 |
| ROA | 19.78% | 2.12% | -8.25% | -1.55% | 7.80% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $326,661K ÷ $1,651,150K
= 19.78%
Lantheus Holdings Inc's return on assets (ROA) has displayed varying levels over the past five years. In 2023, the ROA is notably high at 19.78%, indicating that the company generated a significant return relative to its assets during that period. This substantial increase in ROA compared to the previous year suggests improved efficiency in asset utilization and profitability.
In 2022, Lantheus Holdings Inc's ROA stood at 2.12%, representing a moderate return on assets. The company experienced a significant improvement in ROA from the negative figures in 2021 (-8.25%) and 2020 (-1.55%). These negative ROA values indicate that the company struggled to generate profits relative to its asset base during those years.
Prior to the recent improvements in ROA, Lantheus Holdings Inc exhibited a solid performance in 2019 with an ROA of 7.80%. This positive return on assets suggests that the company was effectively utilizing its assets to generate profits in that particular year.
Overall, the significant variation in Lantheus Holdings Inc's ROA over the analyzed period indicates fluctuations in the company's profitability and asset efficiency. The recent surge in ROA in 2023 reflects a positive trend, signaling improved financial performance and effective utilization of assets.
Peer comparison
Dec 31, 2023