Lantheus Holdings Inc (LNTH)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	450,646	589,828	573,817	613,202	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,088,010	1,179,710	1,026,680	945,540	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
Return on total capital		41.42%	50.00%	55.89%	64.85%	52.82%	16.29%	6.06%	-7.10%	7.58%	26.34%	11.49%	-4.83%	-14.49%	-5.58%	-2.80%	1.44%	-0.39%	0.50%	2.89%	27.33%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $450,646K ÷ ($—K + $1,088,010K)
= 41.42%

Based on the data provided for Lantheus Holdings Inc, the return on total capital fluctuated significantly over the reporting periods. The return on total capital was relatively high at 27.33% as of March 31, 2020, but experienced a sharp decline in the subsequent quarters, reaching negative values by December 31, 2020.

The trend of negative returns continued into the first half of 2021, with the return on total capital improving slightly in the following periods. From June 30, 2021, to December 31, 2022, the return on total capital remained negative but showed intermittent positive returns in certain quarters.

Starting from March 31, 2023, there was a notable improvement in the return on total capital, with values reaching as high as 64.85% by March 31, 2024. The return on total capital continued to increase steadily throughout 2024, with values consistently above 40%.

Overall, the return on total capital for Lantheus Holdings Inc displayed notable volatility and fluctuations, demonstrating periods of both strong performance and periods of underperformance. It is important for investors and stakeholders to closely monitor these ratios to assess the company's ability to generate returns on its invested capital.