Live Nation Entertainment Inc (LYV)
Total asset 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 |
| Total assets | US$ in thousands | 19,074,000 | 16,460,800 | 14,402,300 | 10,589,300 | 10,975,600 |
| Total asset turnover | 1.19 | 1.01 | 0.44 | 0.18 | 1.05 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $22,749,100K ÷ $19,074,000K
= 1.19
The total asset turnover ratio for Live Nation Entertainment Inc has shown varying trends over the past five years, indicating the company's ability to generate sales revenue relative to the total assets employed in its operations.
In 2023, the total asset turnover ratio improved significantly to 1.19, suggesting that the company was able to generate more sales from its total assets compared to the previous year. This indicates improved efficiency in asset utilization.
The ratio was also relatively strong in 2019 at 1.05, indicating that the company was effectively utilizing its assets to generate sales revenue.
On the other hand, in 2021 and 2020, the total asset turnover ratio was considerably lower at 0.44 and 0.18, respectively. This suggests that the company faced challenges in effectively utilizing its assets to generate sales during these years.
Overall, the trend in Live Nation Entertainment Inc's total asset turnover ratio shows fluctuations over the years, indicating varying levels of efficiency in utilizing its assets to generate sales revenue.
Peer comparison
Dec 31, 2023