Live Nation Entertainment Inc (LYV)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 80.23 | 72.12 | 61.67 | 98.42 | 87.74 | 72.69 | 50.48 | 114.96 | 59.00 | 39.02 | 27.39 | 33.47 | 39.31 | 64.72 | 68.62 | 123.73 | 110.38 | 67.88 | 48.27 | 77.01 | |
| Number of days of payables | days | 4.55 | 5.06 | 5.92 | 3.71 | 4.16 | 5.02 | 7.23 | 3.18 | 6.19 | 9.35 | 13.32 | 10.91 | 9.29 | 5.64 | 5.32 | 2.95 | 3.31 | 5.38 | 7.56 | 4.74 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 80.23
= 4.55
The number of days of payables for Live Nation Entertainment Inc has shown significant fluctuations in recent quarters. In Q4 2023, the company took approximately 45.05 days to pay its suppliers, marking a decrease from the previous quarter where it took 58.44 days.
However, in Q2 2023 and Q1 2023, the number of days of payables increased substantially to 114.17 days and 343.08 days respectively, indicating a prolonged period before settling its accounts payable. It is worth noting that in Q4 2022, the data is not available, but in Q3 2022, the number of days of payables was notably high at 322.64 days.
Looking back further, in Q2 2022 and Q1 2022, Live Nation Entertainment Inc managed to reduce its number of days of payables to 168.38 days and 161.78 days respectively.
The fluctuating trend in the number of days of payables suggests that the company's payment policies and cash management practices have been inconsistent. A higher number of days of payables may indicate that the company is taking longer to settle its obligations, which could potentially strain supplier relations. Conversely, a lower number of days of payables may reflect efficient working capital management.
Overall, Live Nation Entertainment Inc should monitor its number of days of payables closely to ensure a balance between maximizing cash flow and maintaining positive relationships with suppliers.
Peer comparison
Dec 31, 2023