Live Nation Entertainment Inc (LYV)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,066,203 | 1,027,789 | 915,506 | 847,834 | 732,118 | 727,462 | 358,358 | -87,626 | -417,858 | -681,326 | -1,322,912 | -1,783,694 | -1,653,192 | -1,348,098 | -583,616 | 176,037 | 324,844 | 317,386 | 291,564 | 254,703 |
| 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 |
| Operating ROA | 5.59% | 5.37% | 4.59% | 4.49% | 4.45% | 4.61% | 2.18% | -0.55% | -2.90% | -5.11% | -10.80% | -16.33% | -15.61% | -12.38% | -5.02% | 1.48% | 2.96% | 3.18% | 2.77% | 2.47% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,066,203K ÷ $19,074,000K
= 5.59%
Operating ROA for Live Nation Entertainment Inc has shown overall improvement over the quarters, indicating the company's ability to generate profits from its operational assets. The trend suggests that the company has been effectively managing its assets to generate earnings.
The operating ROA increased consistently from Q1 2022 to Q4 2023, reaching a peak of 5.49% in Q4 2023. This positive trend indicates that the company's operational efficiency and profitability have been improving over time.
The significant increase in operating ROA from 2.21% in Q2 2022 to 4.25% in Q4 2022 demonstrates a strong performance improvement. However, it is important to note the negative operating ROA in Q1 2022, which suggests challenges in asset utilization and operational efficiency at that time.
Overall, Live Nation Entertainment Inc's increasing operating ROA reflects effective asset management and operational performance, which can be seen as a positive sign for investors and stakeholders.
Peer comparison
Dec 31, 2023