Live Nation Entertainment Inc (LYV)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 10,975,600 | 9,967,130 | 10,529,400 | 10,302,500 |
| Total asset turnover | 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 | 1.05 | 1.13 | 1.08 | 1.07 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $22,749,070K ÷ $19,074,000K
= 1.19
The total asset turnover ratio of Live Nation Entertainment Inc has been fluctuating over the past eight quarters. In Q1 2022, the ratio was at its lowest point of 0.49, indicating that the company generated $0.49 in revenue for every dollar of assets. The ratio then improved in subsequent quarters, peaking at 1.19 in Q4 2023, suggesting that the company generated $1.19 in revenue for every dollar of assets.
Overall, the trend shows some volatility, with ups and downs in the total asset turnover ratio. It's important to note that a higher total asset turnover ratio generally indicates that the company is effectively using its assets to generate revenue. Live Nation Entertainment Inc's increasing trend in total asset turnover could signify improved efficiency in utilizing its assets to drive sales and growth. However, the fluctuations should be further analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's operational performance and financial health.
Peer comparison
Dec 31, 2023