Live Nation Entertainment Inc (LYV)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,155,600 | 22,749,100 | 16,681,300 | 6,268,450 | 1,861,180 |
| Property, plant and equipment | US$ in thousands | — | — | 1,487,660 | 1,091,930 | 1,101,410 |
| Fixed asset turnover | — | — | 11.21 | 5.74 | 1.69 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $23,155,600K ÷ $—K
= —
The fixed asset turnover ratio for Live Nation Entertainment Inc has shown a significant improvement over the years. In December 31, 2020, the ratio was 1.69, indicating that the company generated $1.69 in sales revenue for every dollar invested in fixed assets. By December 31, 2021, the ratio had increased to 5.74, demonstrating a more efficient utilization of fixed assets to generate sales.
The trend continued to improve in December 31, 2022, with a fixed asset turnover ratio of 11.21, reflecting a substantial enhancement in the company's ability to generate sales from its fixed assets. However, the data is not available for the years 2023 and 2024.
The increasing trend in the fixed asset turnover ratio indicates that Live Nation Entertainment Inc has been able to generate more sales revenue per dollar of investment in fixed assets, which may suggest improved operational efficiency and asset utilization. It is important for investors and stakeholders to monitor this ratio over time to assess the company's effectiveness in generating revenue from its fixed assets.
Peer comparison
Dec 31, 2024