Live Nation Entertainment Inc (LYV)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 10.77 | 11.12 | 5.77 | 3.71 | 11.22 | |
| DSO | days | 33.90 | 32.81 | 63.22 | 98.31 | 32.54 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.77
= 33.90
The Days Sales Outstanding (DSO) ratio for Live Nation Entertainment Inc has exhibited variability over the past five years. In 2023, the DSO stands at 33.90 days, slightly higher compared to the previous year's 32.81 days. This indicates that, on average, it takes the company approximately 33.90 days to collect its accounts receivable from customers in 2023.
Looking back at the trend, there was a significant improvement in the DSO in 2022, dropping to 32.81 days from 63.22 days in 2021. However, a notable increase was observed in 2021 compared to 2020 when the DSO was at its highest in the period at 98.31 days. In 2019, the DSO was similar to the 2022 figure at 32.54 days.
The varying DSO figures suggest fluctuations in the company's efficiency in collecting outstanding revenue from customers. In 2023, Live Nation Entertainment Inc's DSO remained relatively stable compared to the previous year, indicating effective accounts receivable management. It is essential for the company to monitor and manage its DSO closely to ensure timely collection of receivables and maintain healthy liquidity levels.
Peer comparison
Dec 31, 2023