Live Nation Entertainment Inc (LYV)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 23,155,630 | 23,312,980 | 23,813,910 | 23,421,210 | 22,749,070 | 21,200,870 | 19,202,390 | 18,005,840 | 16,681,260 | 15,093,690 | 11,638,870 | 7,780,646 | 6,268,445 | 3,802,658 | 1,287,956 | 786,094 | 1,861,175 | 4,513,242 | 8,102,904 | 11,185,830 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 3,550,000 | 1,904,020 | 1,887,070 | 1,487,660 | 1,097,930 | 1,089,420 | 1,086,310 | 1,091,930 | 1,041,850 | 2,431,660 | 2,445,980 | 1,101,410 | 2,568,130 | 2,542,310 | 2,533,190 |
| Fixed asset turnover | — | — | — | — | — | 5.97 | 10.09 | 9.54 | 11.21 | 13.75 | 10.68 | 7.16 | 5.74 | 3.65 | 0.53 | 0.32 | 1.69 | 1.76 | 3.19 | 4.42 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $23,155,630K ÷ $—K
= —
The fixed asset turnover ratio indicates how efficiently a company is generating revenue from its investment in fixed assets.
Looking at the data provided for Live Nation Entertainment Inc's fixed asset turnover ratio over the past few quarters, we observe fluctuations in the ratio.
- The ratio was relatively high at around 4.42 in March 31, 2020, indicating that Live Nation was generating $4.42 in revenue for every dollar invested in fixed assets. This suggests efficient utilization of fixed assets to generate sales.
- However, there was a decline in the ratio to 0.32 in March 31, 2021, and 0.53 in June 30, 2021. This significant drop may indicate challenges or inefficiencies in utilizing fixed assets to drive revenue during this period.
- Subsequently, there was a substantial increase in the fixed asset turnover ratio to 13.75 in September 30, 2022, which continued to rise to 11.21 in December 31, 2022. This surge implies that Live Nation was able to generate significant revenue compared to its investment in fixed assets during these periods.
- The ratio then fluctuated between 9.54 and 10.68 in the following quarters, showing a relatively stable trend but at a lower level compared to the peak in late 2022.
- Notably, the data for the ratio is not available for the quarters after December 31, 2023, indicating incomplete information for analysis beyond that point.
Overall, the varying trend of Live Nation's fixed asset turnover ratio suggests fluctuations in the efficiency of utilizing fixed assets to generate revenue, with periods of high and low efficiency observed throughout the data timeline.
Peer comparison
Dec 31, 2024