Live Nation Entertainment Inc (LYV)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 475.39 | 408.30 | 192.96 | 156.15 | 688.16 | |
| DOH | days | 0.77 | 0.89 | 1.89 | 2.34 | 0.53 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 475.39
= 0.77
Based on the data provided for Live Nation Entertainment Inc's days of inventory on hand (DOH), we observe fluctuations in the DOH ratio over the years. In 2023, the company's DOH stands at 0.95 days, indicating that Live Nation is able to sell its inventory almost within a day. This suggests a highly efficient inventory management system in place during this period.
However, the absence of data for certain years (2019, 2020, and 2022) limits a comprehensive trend analysis. In 2021, the DOH ratio was 2.83 days, which implies that Live Nation took approximately 2.83 days to turn its inventory into sales during that year.
Overall, the decreasing trend in the DOH ratio from 2.83 days in 2021 to 0.95 days in 2023 suggests an improvement in Live Nation's inventory management efficiency and potential optimization of working capital utilization. Further analysis of this trend in conjunction with other financial metrics and industry benchmarks would provide deeper insights into the company's operational performance.
Peer comparison
Dec 31, 2023