Live Nation Entertainment Inc (LYV)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 563,280 | 570,974 | 448,881 | 342,999 | 295,986 | 304,096 | -10,428 | -393,893 | -650,904 | -899,312 | -1,475,092 | -1,846,944 | -1,724,535 | -1,441,150 | -733,323 | -62,451 | 69,889 | 81,949 | 75,707 | 41,711 |
| 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 |
| ROA | 2.95% | 2.98% | 2.25% | 1.82% | 1.80% | 1.93% | -0.06% | -2.46% | -4.52% | -6.75% | -12.05% | -16.91% | -16.29% | -13.24% | -6.31% | -0.53% | 0.64% | 0.82% | 0.72% | 0.40% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $563,280K ÷ $19,074,000K
= 2.95%
Live Nation Entertainment Inc's return on assets (ROA) has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ROA was 1.66%, slightly lower than the previous quarter but higher than the same period a year ago. This indicates that the company generated $0.0166 in profit for every dollar of assets it owns.
In Q3 2023, the ROA increased significantly to 2.60%, marking a strong performance in utilizing its assets to generate earnings. This uptick was followed by a slight decrease in Q2 2023 to 2.04%. Despite this dip, the ROA remained above 2%, suggesting efficient asset management.
In Q1 2023, the ROA dropped to 1.72%, showing a slight decline in asset profitability compared to the previous quarter. However, it still outperformed the ROA in Q1 2022, indicating some level of improvement over the year.
Notably, Live Nation Entertainment Inc witnessed a negative ROA in Q2 2022 and Q1 2022, at -0.48% and -2.68% respectively, reflecting challenges in generating earnings relative to its asset base during those periods.
Overall, Live Nation Entertainment Inc's ROA has demonstrated variability, with some quarters showing strong performance in leveraging assets to generate profits, while others have displayed challenges in asset productivity. It will be essential for the company to sustain or improve its ROA in order to enhance efficiency and profitability in the future.
Peer comparison
Dec 31, 2023