Live Nation Entertainment Inc (LYV)
Payables 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 |
| Payables | US$ in thousands | 267,493 | 180,076 | 110,623 | 86,356 | 100,237 |
| Payables turnover | 80.22 | 87.80 | 59.00 | 39.78 | 110.57 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $21,459,600K ÷ $267,493K
= 80.22
The payables turnover ratio for Live Nation Entertainment Inc has shown significant fluctuations over the past five years. In 2023, the ratio stands at 8.10, indicating that the company paid its suppliers approximately 8.10 times during the year. This is a substantial increase compared to the previous year, where the ratio was 0.00, suggesting that no payments were made to suppliers in 2022.
In 2021, the payables turnover ratio was at 2.65, showing an improvement from the previous years. However, in both 2020 and 2019, the ratio was at 0.00, indicating that no payments to suppliers were made during those years.
The significant increase in the payables turnover ratio in 2023 may indicate a more efficient management of accounts payable, leading to quicker payment cycles with suppliers. Further analysis of the company's financial performance and its relations with suppliers would be necessary to fully interpret the implications of this trend.
Peer comparison
Dec 31, 2023