Live Nation Entertainment Inc (LYV)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 11,547,970 | 11,260,380 | 11,321,950 | 11,033,260 |
| Property, plant and equipment | US$ in thousands | 2,101,460 | 1,955,910 | 1,904,020 | 1,887,070 | 1,487,660 | 1,097,930 | 1,089,420 | 1,086,310 | 1,091,930 | 1,041,850 | 1,046,480 | 1,064,170 | 1,101,410 | 1,106,690 | 1,121,660 | 1,128,170 | 1,117,930 | 1,048,140 | 1,025,470 | 943,030 |
| Fixed asset turnover | 10.83 | 10.84 | 10.09 | 9.54 | 11.21 | 13.75 | 10.68 | 7.16 | 5.74 | 3.65 | 1.23 | 0.74 | 1.69 | 4.08 | 7.22 | 9.92 | 10.33 | 10.74 | 11.04 | 11.70 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $22,749,070K ÷ $2,101,460K
= 10.83
The fixed asset turnover ratio for Live Nation Entertainment Inc has exhibited fluctuations over the past eight quarters. The ratio peaked at 13.75 in Q3 2022 before gradually declining to 7.16 in Q1 2022. Subsequently, there was an increase in Q4 2022 to 11.21, followed by a fluctuating trend in the range of 9.54 to 10.84 before dropping to 10.09 in Q2 2023.
A high fixed asset turnover ratio indicates that the company is generating more revenue relative to its investment in fixed assets, implying efficient asset utilization. The fluctuations in the ratio may suggest varying levels of efficiency in utilizing fixed assets to generate revenue over the different quarters. It is crucial for the company to analyze the reasons behind these fluctuations and take necessary actions to optimize asset utilization for sustained financial performance.
Peer comparison
Dec 31, 2023