Live Nation Entertainment Inc (LYV)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,155,600 | 22,749,100 | 16,681,300 | 6,268,450 | 1,861,180 |
| Total assets | US$ in thousands | 19,638,800 | 19,074,000 | 16,460,800 | 14,402,300 | 10,589,300 |
| Total asset turnover | 1.18 | 1.19 | 1.01 | 0.44 | 0.18 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $23,155,600K ÷ $19,638,800K
= 1.18
Live Nation Entertainment Inc's total asset turnover has exhibited a significant improvement over the years, reflecting the company's ability to generate revenue relative to its total assets investment. The ratio increased from 0.18 in December 31, 2020, to 1.18 in December 31, 2024, indicating a positive trend in asset utilization efficiency. This suggests that the company has been more effective in generating sales from its assets over time. The considerable rise in total asset turnover indicates a potential enhancement in operational efficiency and effective utilization of resources to drive revenue growth.
Peer comparison
Dec 31, 2024