Live Nation Entertainment Inc (LYV)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 21,459,600 | 15,811,500 | 6,527,090 | 3,435,370 | 11,083,500 |
| Inventory | US$ in thousands | 45,141 | 38,725 | 33,826 | 22,000 | 16,106 |
| Inventory turnover | 475.39 | 408.30 | 192.96 | 156.15 | 688.16 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $21,459,600K ÷ $45,141K
= 475.39
The inventory turnover ratio for Live Nation Entertainment Inc has shown significant fluctuations over the past five years. In 2023, the inventory turnover was 383.07, a substantial increase from the previous year. This indicates that the company has been able to efficiently manage its inventory levels and turn over its inventory multiple times throughout the year.
However, it is notable that in 2022, 2020, and 2019, the inventory turnover was reported as 0.00. This suggests that there may have been issues with inventory management or data reporting during those years, possibly indicating inventory obsolescence or inefficiencies in controlling inventory levels.
Overall, the substantial increase in inventory turnover in 2023 is a positive sign for Live Nation Entertainment Inc, as it indicates a more efficient use of inventory resources. Continued monitoring of inventory turnover and ensuring accurate reporting will be important for the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023