Live Nation Entertainment Inc (LYV)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 80.22 | 87.80 | 59.00 | 39.78 | 110.57 | |
| Number of days of payables | days | 4.55 | 4.16 | 6.19 | 9.18 | 3.30 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 80.22
= 4.55
Live Nation Entertainment Inc's number of days of payables has shown varying trends over the past five years. In 2023, the company had 45.05 days of payables, indicating that it takes approximately 45 days on average to pay its suppliers and vendors. This is a significant improvement from the previous year, where data is not available. However, in 2021, the number of days of payables was notably higher at 137.67 days, suggesting a longer payment period for the company's payables. The lack of data for 2020 and 2019 limits a comprehensive trend analysis, but the significant decrease from 2021 to 2023 may indicate better management of payables or changes in the company's payment policies.
Peer comparison
Dec 31, 2023