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

Company name
Symbol
Inventory turnover
Live Nation Entertainment Inc
LYV
475.39
Six Flags Entertainment Corporation
FUN
26.71
TKO Group Holdings Inc.
TKO
Warner Music Group
WMG
41.97