Live Nation Entertainment Inc (LYV)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 563,280 | 295,986 | -650,904 | -1,724,540 | 69,889 |
| Total assets | US$ in thousands | 19,074,000 | 16,460,800 | 14,402,300 | 10,589,300 | 10,975,600 |
| ROA | 2.95% | 1.80% | -4.52% | -16.29% | 0.64% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $563,280K ÷ $19,074,000K
= 2.95%
From the data provided, Live Nation Entertainment Inc's return on assets (ROA) has shown fluctuating trends over the past five years. In 2023, the ROA stands at 1.66%, slightly lower than the 1.80% in 2022. This indicates that the company generated $0.0166 in profit for every dollar of assets in 2023.
The significant improvement from the negative ROA of -4.52% in 2021 and -16.29% in 2020 suggests a turnaround in the company's asset utilization and profitability. It is worth noting that Live Nation Entertainment Inc's ROA has been positive for the past two years, indicating enhanced efficiency in generating profits from its assets.
However, the company's ROA of -0.04% in 2019 underscores a period of underperformance in utilizing its assets to generate profits. This implies that Live Nation Entertainment Inc faced challenges in profitability relative to its asset base in that year.
Overall, despite fluctuations, Live Nation Entertainment Inc has shown improvement in its asset utilization and profitability in recent years, suggesting a positive trajectory in maximizing returns from its asset investments.
Peer comparison
Dec 31, 2023