Live Nation Entertainment Inc (LYV)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 23,155,630 | 23,312,980 | 23,813,910 | 23,421,210 | 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 |
| Total assets | US$ in thousands | 19,638,800 | 19,747,100 | 20,454,000 | 20,030,200 | 19,074,000 | 19,140,600 | 19,925,100 | 18,869,600 | 16,460,800 | 15,787,000 | 16,421,000 | 16,006,600 | 14,402,300 | 13,330,700 | 12,245,700 | 10,919,600 | 10,589,300 | 10,885,400 | 11,622,300 | 11,861,400 |
| Total asset turnover | 1.18 | 1.18 | 1.16 | 1.17 | 1.19 | 1.11 | 0.96 | 0.95 | 1.01 | 0.96 | 0.71 | 0.49 | 0.44 | 0.29 | 0.11 | 0.07 | 0.18 | 0.41 | 0.70 | 0.94 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,155,630K ÷ $19,638,800K
= 1.18
The total asset turnover ratio measures a company's ability to generate revenue from its assets. In the case of Live Nation Entertainment Inc, we can observe fluctuations in its total asset turnover over the past few years. The ratio ranged from 0.07 to 1.19 during the period from March 31, 2021, to December 31, 2024.
Initially, there was a significant decline in the total asset turnover from 0.94 on March 31, 2020, to 0.18 on December 31, 2020, indicating a decrease in revenue generated per dollar of assets. This decline may have been influenced by external factors affecting the company's operations during that period.
Subsequently, there was a gradual recovery in the total asset turnover ratio, with an upward trend seen from March 31, 2021, where the ratio was at its lowest point, to December 31, 2024, where it stabilized at around 1.18. This improvement suggests that Live Nation Entertainment Inc became more efficient in utilizing its assets to generate revenue, potentially through operational enhancements or strategic initiatives.
Overall, the upward trend in the total asset turnover ratio indicates an improvement in Live Nation Entertainment Inc's asset utilization efficiency over the analyzed period. Investors and stakeholders may view this as a positive sign of the company's ability to effectively generate revenue from its asset base.
Peer comparison
Dec 31, 2024