Live Nation Entertainment Inc (LYV)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 21,459,660 | 19,975,030 | 18,122,140 | 16,992,130 | 15,799,390 | 14,197,390 | 11,092,120 | 7,703,071 | 6,527,096 | 4,336,821 | 2,475,362 | 2,440,377 | 3,394,702 | 5,752,007 | 8,564,666 | 10,868,730 | 11,064,090 | 8,139,900 | 8,219,240 | 7,975,830 |
| Inventory | US$ in thousands | 45,141 | 1,431,410 | 1,636,350 | 1,328,660 | 38,725 | 913,925 | 1,159,240 | 966,341 | 33,826 | 695,403 | 683,393 | 575,939 | 22,000 | 613,576 | 456,375 | 748,217 | 16,106 | 785,824 | 873,107 | 785,950 |
| Inventory turnover | 475.39 | 13.95 | 11.07 | 12.79 | 407.99 | 15.53 | 9.57 | 7.97 | 192.96 | 6.24 | 3.62 | 4.24 | 154.30 | 9.37 | 18.77 | 14.53 | 686.95 | 10.36 | 9.41 | 10.15 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $21,459,660K ÷ $45,141K
= 475.39
The inventory turnover ratio for Live Nation Entertainment Inc significantly increased to 383.07 in Q4 2023, compared to 0.00 in the same quarter of the previous year. This indicates that the company is more efficient in selling its inventory in the most recent quarter. A higher inventory turnover ratio generally implies that the company is managing its inventory well and quickly converting inventory into sales. However, the absence of data for the other quarters of 2023 prevents a complete trend analysis. Further evaluation of inventory management practices and financial performance in subsequent periods would provide a more comprehensive understanding of Live Nation Entertainment Inc's inventory turnover efficiency.
Peer comparison
Dec 31, 2023
Dec 31, 2023