Live Nation Entertainment Inc (LYV)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 22,749,070 | 21,200,870 | 19,202,390 | 18,005,840 | 16,681,260 | 15,093,690 | 11,638,870 | 7,780,646 | 6,268,445 | 3,802,658 | 1,287,956 | 786,094 | 1,861,175 | 4,513,242 | 8,102,904 | 11,185,830 | 11,547,970 | 11,260,380 | 11,321,950 | 11,033,260 |
| Receivables | US$ in thousands | 2,112,900 | 2,503,140 | 1,889,650 | 1,657,210 | 1,499,610 | 1,989,510 | 1,456,200 | 1,210,010 | 1,085,780 | 1,182,240 | 646,705 | 467,792 | 501,290 | 564,873 | 618,580 | 759,432 | 1,029,450 | 1,215,460 | 1,096,750 | 920,035 |
| Receivables turnover | 10.77 | 8.47 | 10.16 | 10.87 | 11.12 | 7.59 | 7.99 | 6.43 | 5.77 | 3.22 | 1.99 | 1.68 | 3.71 | 7.99 | 13.10 | 14.73 | 11.22 | 9.26 | 10.32 | 11.99 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $22,749,070K ÷ $2,112,900K
= 10.77
The receivables turnover ratio for Live Nation Entertainment Inc has shown variability over the past eight quarters. In Q4 2023, the ratio was 10.77, indicating that the company collected its accounts receivable approximately 10.77 times during that quarter. This was a significant improvement from the previous quarter's ratio of 8.47. Overall, the ratio has been fluctuating within a range, with the highest value of 11.12 in Q4 2022 and the lowest value of 6.43 in Q1 2022.
A higher receivables turnover ratio generally indicates that the company is efficient in collecting payments from its customers. Live Nation Entertainment Inc's recent increase in the ratio suggests improved effectiveness in managing its receivables and converting them into cash. However, it is essential to continue monitoring this ratio and analyzing trends to ensure the company's overall financial health and liquidity position.
Peer comparison
Dec 31, 2023