Live Nation Entertainment Inc (LYV)
Working capital 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 current assets | US$ in thousands | 9,290,140 | 9,775,150 | 10,684,100 | 10,427,800 | 9,577,750 | 10,006,700 | 10,776,900 | 10,097,100 | 8,159,520 | 7,927,390 | 8,550,780 | 8,110,440 | 6,684,090 | 6,555,290 | 5,423,250 | 4,096,100 | 3,649,770 | 3,859,860 | 4,433,190 | 4,851,020 |
| Total current liabilities | US$ in thousands | 9,358,280 | 9,680,580 | 11,627,100 | 11,328,400 | 9,959,900 | 8,751,520 | 10,023,500 | 9,374,090 | 8,303,320 | 7,634,490 | 8,632,040 | 8,278,490 | 6,855,720 | 5,558,100 | 5,165,300 | 3,815,750 | 3,796,570 | 3,582,880 | 3,492,300 | 4,730,060 |
| Working capital turnover | — | 246.52 | — | — | — | 16.89 | 25.49 | 24.90 | — | 51.53 | — | — | — | 3.81 | 4.99 | 2.80 | — | 16.29 | 8.61 | 92.48 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $23,155,630K ÷ ($9,290,140K – $9,358,280K)
= —
The working capital turnover ratio of Live Nation Entertainment Inc has shown fluctuations over the years. It was significantly high at 92.48 on March 31, 2020, indicating that the company efficiently utilized its working capital to generate revenue. However, the ratio dropped to 8.61 on June 30, 2020, suggesting a potential inefficiency in working capital management.
Subsequently, the ratio improved to 16.29 on September 30, 2020, but data was not available for December 31, 2020. The trend continued with a decrease to 2.80 on March 31, 2021, which was relatively low. The ratio then increased to 4.99 on June 30, 2021, indicating better utilization of working capital.
From September 2021 to September 2023, the working capital turnover ratio ranged between 3.81 and 25.49, with fluctuations in efficiency. Notably, the ratio spiked to 246.52 on September 30, 2024, suggesting a significant improvement in working capital efficiency, although this could be influenced by external factors or one-time events.
Overall, Live Nation Entertainment Inc's working capital turnover ratio has shown variability, indicating the need for consistent monitoring and management of working capital to optimize operational efficiency and financial performance.
Peer comparison
Dec 31, 2024