Live Nation Entertainment Inc (LYV)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	22,749,100	16,681,300	6,268,450	1,861,180	11,548,000
Property, plant and equipment	US$ in thousands	2,101,460	1,487,660	1,091,930	1,101,410	1,117,930
Fixed asset turnover		10.83	11.21	5.74	1.69	10.33

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $22,749,100K ÷ $2,101,460K
= 10.83

The fixed asset turnover ratio of Live Nation Entertainment Inc has fluctuated over the past five years. The ratio was relatively high in 2022 and 2019, indicating that the company efficiently generated revenue from its fixed assets during those years. In contrast, the ratio was significantly lower in 2020 and 2021, suggesting a decrease in the company's ability to generate sales from its fixed assets during those periods. Overall, the trend shows variability in the efficiency of Live Nation Entertainment Inc in utilizing its fixed assets to generate revenue.

Peer comparison

Dec 31, 2023

Company name

Symbol

Fixed asset turnover

Live Nation Entertainment Inc

LYV

10.83

Six Flags Entertainment Corporation

FUN

—

TKO Group Holdings Inc.