Live Nation Entertainment Inc (LYV)
Working capital 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 current assets | US$ in thousands | 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 | 4,192,900 | 3,849,720 | 4,284,890 | 4,424,870 |
| Total current liabilities | US$ in thousands | 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 | 4,107,600 | 3,959,370 | 4,605,720 | 4,688,880 |
| Working capital turnover | — | 16.89 | 25.49 | 24.90 | — | 51.53 | — | — | — | 3.81 | 4.99 | 2.80 | — | 16.29 | 8.61 | 92.48 | 135.38 | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $22,749,070K ÷ ($9,577,750K – $9,959,900K)
= —
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. In the case of Live Nation Entertainment Inc, the working capital turnover ratio showed significant fluctuations over the quarters analyzed.
In Q3 2023, the ratio was 16.89, indicating that the company generated $16.89 in sales for every dollar of working capital invested during that quarter. This was a decrease from the previous quarter, Q2 2023, where the ratio was 25.49. Despite the decrease, the company still managed to efficiently utilize its working capital to generate revenue.
Comparing the Q3 2023 ratio to the same quarter in the previous year, Q3 2022, where the ratio was 51.53, Live Nation Entertainment Inc's efficiency in utilizing working capital to generate sales decreased significantly. This may indicate a change in the company's operating or financial strategy during this period.
Overall, Live Nation Entertainment Inc's working capital turnover ratio has shown fluctuations, and it is essential for investors and stakeholders to monitor this trend to understand how efficiently the company is managing its working capital to drive sales revenue.
Peer comparison
Dec 31, 2023