Live Nation Entertainment Inc (LYV)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 904,029 | 492,314 | 524,004 | 519,716 | 563,280 | 606,377 | 520,285 | 454,980 | 409,193 | 414,353 | 103,817 | -335,020 | -608,786 | -889,647 | -1,498,426 | -1,853,888 | -1,730,490 | -1,472,469 | -795,212 | -139,450 |
| Total assets | US$ in thousands | 19,638,800 | 19,747,100 | 20,454,000 | 20,030,200 | 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 |
| ROA | 4.60% | 2.49% | 2.56% | 2.59% | 2.95% | 3.17% | 2.61% | 2.41% | 2.49% | 2.62% | 0.63% | -2.09% | -4.23% | -6.67% | -12.24% | -16.98% | -16.34% | -13.53% | -6.84% | -1.18% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $904,029K ÷ $19,638,800K
= 4.60%
The return on assets (ROA) of Live Nation Entertainment Inc has shown a fluctuating trend over the reporting periods. The company's ROA was negative for the most part of 2020 and 2021, indicating that the company was not effectively generating profits from its assets during those periods.
However, from March 31, 2022, the company started to improve its ROA, moving from negative percentages to positive values. The ROA increased gradually from 0.63% on June 30, 2022, to 4.60% on December 31, 2024. This improvement suggests that Live Nation Entertainment Inc became more efficient in generating profits from its assets, which is a positive indicator for investors and stakeholders.
Overall, the increasing trend in ROA from 2022 to 2024 indicates that the company's profitability and efficiency in asset utilization have been on an upward trajectory. This improvement is essential for the company's financial health and can attract potential investors seeking stable performance and returns.
Peer comparison
Dec 31, 2024