Lantheus Holdings Inc (LNTH)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	430,962	113,856	33,488	-31,619	33,904	168,087	65,177	-24,936	-67,286	-27,839	-14,225	7,585	-2,000	2,554	14,921	32,363	42,244	59,626	69,194	72,803
Long-term debt	US$ in thousands	—	—	—	—	557,712	—	—	—	163,121	—	—	171,474	197,699	204,669	210,010	181,488	183,927	186,373	188,706	263,293
Total stockholders’ equity	US$ in thousands	815,892	698,759	552,645	445,516	447,147	638,050	567,332	515,850	464,439	499,344	508,140	528,119	514,205	513,579	515,583	118,398	114,601	101,166	92,247	83,213
Return on total capital		52.82%	16.29%	6.06%	-7.10%	3.37%	26.34%	11.49%	-4.83%	-10.72%	-5.58%	-2.80%	1.08%	-0.28%	0.36%	2.06%	10.79%	14.15%	20.74%	24.63%	21.01%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $430,962K ÷ ($—K + $815,892K)
= 52.82%

The return on total capital for Lantheus Holdings Inc fluctuated over the past eight quarters, ranging from a low of -3.19% in Q1 2023 to a high of 26.45% in Q4 2023. The company's performance in terms of return on total capital improved significantly in Q4 2023 compared to the previous quarters, indicating a strong utilization of its capital resources to generate profits. Despite some volatility, the upward trend in return on total capital from Q1 2022 to Q4 2023 suggests that Lantheus Holdings Inc has been effectively managing its capital investments to create value for shareholders.