Live Nation Entertainment Inc (LYV)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 22,749,100 | 16,681,300 | 6,268,450 | 1,861,180 | 11,548,000 |
| Receivables | US$ in thousands | 2,112,900 | 1,499,610 | 1,085,780 | 501,290 | 1,029,450 |
| Receivables turnover | 10.77 | 11.12 | 5.77 | 3.71 | 11.22 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $22,749,100K ÷ $2,112,900K
= 10.77
The receivables turnover ratio for Live Nation Entertainment Inc has fluctuated over the past five years. It was 10.77 in 2023, 11.12 in 2022, 5.77 in 2021, 3.71 in 2020, and 11.22 in 2019.
A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently. The decrease in the ratio from 2019 to 2020 may indicate that the company faced challenges in collecting payments from customers during that period. However, the ratio improved significantly in 2021 and continued to be relatively strong in 2022 and 2023.
It is important to further analyze the reasons behind these fluctuations in receivables turnover to understand the company's overall financial performance and the effectiveness of its credit and collection policies. An increasing or stable trend in receivables turnover is generally viewed positively by investors and creditors as it suggests that the company's accounts receivable management is improving.
Peer comparison
Dec 31, 2023