Live Nation Entertainment Inc (LYV)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,073,751 | 1,033,187 | 881,417 | 752,322 | 670,723 | 650,125 | 300,017 | -112,684 | -370,945 | -589,478 | -1,192,897 | -1,612,437 | -1,526,578 | -1,273,255 | -550,750 | 162,158 | 294,302 | 293,662 | 276,577 | 224,357 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -17,148 | 221,751 | -187,377 | -460,846 | -367,569 | -74,560 | -410,164 | -517,817 | -582,651 | -404,844 | -912,762 | -730,560 | -471,772 | -99,430 | 341,925 | 859,354 | 1,145,820 | 1,287,270 | 1,174,140 | 1,043,210 |
| Return on total capital | — | 465.92% | — | — | — | — | — | — | — | — | — | — | — | — | -161.07% | 18.87% | 25.68% | 22.81% | 23.56% | 21.51% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,073,751K ÷ ($—K + $-17,148K)
= —
Live Nation Entertainment Inc's return on total capital has shown a positive and improving trend over the past eight quarters. The company's return on total capital increased from 12.84% in Q4 2022 to 15.92% in Q4 2023, indicating a year-over-year improvement. The return on total capital has consistently been above 10% for the past five quarters, demonstrating the company's ability to generate healthy returns from its invested capital. It is noteworthy that in Q1 2022, the return on total capital was negative at -1.55%, but the company has successfully turned this around and has shown consistent growth since then. Overall, Live Nation Entertainment Inc's return on total capital reflects a positive trend, indicating efficiency in utilizing its total capital for generating profits.
Peer comparison
Dec 31, 2023