Live Nation Entertainment Inc (LYV)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 475.39 | 13.95 | 11.07 | 12.79 | 407.99 | 15.53 | 9.57 | 7.97 | 192.96 | 6.24 | 3.62 | 4.24 | 154.30 | 9.37 | 18.77 | 14.53 | 686.95 | 10.36 | 9.41 | 10.15 | |
| DOH | days | 0.77 | 26.16 | 32.96 | 28.54 | 0.89 | 23.50 | 38.15 | 45.79 | 1.89 | 58.53 | 100.77 | 86.14 | 2.37 | 38.94 | 19.45 | 25.13 | 0.53 | 35.24 | 38.77 | 35.97 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 475.39
= 0.77
Days of inventory on hand (DOH) for Live Nation Entertainment Inc in Q4 2023 was 0.95 days. This indicates that the company held, on average, less than one day's worth of inventory during the quarter, suggesting efficient inventory management. However, without data for the previous quarters, it is challenging to assess any trends or make a comparative analysis. Generally, a low DOH ratio signifies that the company has a faster inventory turnover rate, minimizing the risk of excess inventory holding costs. In subsequent analyses, it would be beneficial to track the DOH over multiple quarters to better understand inventory trends and management effectiveness.
Peer comparison
Dec 31, 2023