Live Nation Entertainment Inc (LYV)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 10.77 | 8.47 | 10.16 | 10.87 | 11.12 | 7.59 | 7.99 | 6.43 | 5.77 | 3.22 | 1.99 | 1.68 | 3.71 | 7.99 | 13.10 | 14.73 | 11.22 | 9.26 | 10.32 | 11.99 | |
| DSO | days | 33.90 | 43.09 | 35.92 | 33.59 | 32.81 | 48.11 | 45.67 | 56.76 | 63.22 | 113.48 | 183.27 | 217.21 | 98.31 | 45.68 | 27.86 | 24.78 | 32.54 | 39.40 | 35.36 | 30.44 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.77
= 33.90
Days of Sales Outstanding (DSO) is a key financial ratio that measures the average number of days a company takes to collect payment after making a sale. A lower DSO indicates that the company is collecting payments quickly, while a higher DSO suggests that the company may be facing difficulties in collecting payments promptly.
Looking at Live Nation Entertainment Inc's DSO over the past eight quarters, we can observe fluctuations in the collection period. In Q4 2023, the DSO was 33.90 days, which decreased compared to the prior quarter. This indicates an improvement in the company's efficiency in collecting payments from its customers.
Overall, Live Nation Entertainment Inc has shown a downward trend in DSO over the past year, with occasional fluctuations. It is important to monitor the DSO closely to ensure efficient cash flow management and timely collection of receivables. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the company's performance in managing its receivables.
Peer comparison
Dec 31, 2023