Live Nation Entertainment Inc (LYV)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 17,461,010 | 17,653,770 | 18,204,040 | 17,822,880 | 17,292,010 | 15,902,460 | 14,279,850 | 13,382,090 | 12,337,520 | 11,054,880 | 8,316,940 | 5,293,040 | 4,355,986 | 2,550,270 | 711,109 | 662,546 | 1,402,400 | 3,386,866 | 6,056,547 | 8,189,400 |
| Inventory | US$ in thousands | 50,145 | — | — | 1,481,940 | 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 |
| Inventory turnover | 348.21 | — | — | 12.03 | 383.07 | 11.11 | 8.73 | 10.07 | 318.59 | 12.10 | 7.17 | 5.48 | 128.78 | 3.67 | 1.04 | 1.15 | 63.75 | 5.52 | 13.27 | 10.95 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $17,461,010K ÷ $50,145K
= 348.21
The inventory turnover ratio for Live Nation Entertainment Inc has shown fluctuating trends over the periods analyzed. From March 31, 2020, to December 31, 2020, there was a significant increase in the inventory turnover ratio, indicating that the company was efficiently managing its inventory levels and converting them into sales more frequently.
However, there was a sharp decrease in the inventory turnover ratio in the following periods, particularly in March 31, 2021, and June 30, 2021, suggesting potential issues with inventory management or slower sales turnover during those periods.
The ratio recovered in the subsequent quarters up to December 31, 2021, reaching a very high level, which could imply better inventory control and faster sales cycles. The trend continued to be relatively high in the following periods until December 31, 2022.
From March 31, 2023, to December 31, 2024, the inventory turnover ratio reached exceptionally high levels, indicating that Live Nation Entertainment Inc was efficiently managing its inventory to meet demand and convert it into sales at a rapid pace.
While the inventory turnover ratio may fluctuate over time due to various factors such as seasonal variations in demand or strategic decisions, Live Nation Entertainment Inc's ability to maintain high inventory turnover ratios in recent periods suggests effective inventory management practices.
Peer comparison
Dec 31, 2024
Dec 31, 2024