Live Nation Entertainment (Live Nation Entertainment) Days Inventory

: 0.88 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Live Nation Entertainment's Average Total Inventories for the three months ended in Dec. 2023 was $45 Mil. Live Nation Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,681 Mil. Hence, Live Nation Entertainment's Days Inventory for the three months ended in Dec. 2023 was 0.88.

The historical rank and industry rank for Live Nation Entertainment's Days Inventory or its related term are showing as below:

LYV' s Days Inventory Range Over the Past 10 Years
Min: 0.62 Med: 0.94 Max: 4.96
Current: 0.89

During the past 13 years, Live Nation Entertainment's highest Days Inventory was 4.96. The lowest was 0.62. And the median was 0.94.

LYV's Days Inventory is ranked better than
94.05% of 655 companies
in the Media - Diversified industry
Industry Median: 26.32 vs LYV: 0.89

Live Nation Entertainment's Days Inventory declined from Dec. 2022 (1.07) to Dec. 2023 (0.88).

Inventory Turnover measures how fast the company turns over its inventory within a year. Live Nation Entertainment's Inventory Turnover for the three months ended in Dec. 2023 was 103.70.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Live Nation Entertainment's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.

Live Nation Entertainment Days Inventory Historical Data

The historical data trend for Live Nation Entertainment's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Live Nation Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

0.62

4.96

2.34

1.07

0.89

Live Nation Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																1.07	1.67	-	-	0.88

Competitive Comparison

For the Entertainment subindustry, Live Nation Entertainment's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Live Nation Entertainment Days Inventory Distribution

For the Media - Diversified industry and Communication Services sector, Live Nation Entertainment's Days Inventory distribution charts can be found below:

* The bar in red indicates where Live Nation Entertainment's Days Inventory falls into.

Live Nation Entertainment Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Live Nation Entertainment's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (38.725	+	45.141)	/	2 )	/	17292.016	*	365
=	41.933					/	17292.016	*	365
=	0.89

Live Nation Entertainment's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	45.141)	/	1 )	/	4681.184	*	365 / 4
=	45.141					/	4681.184	*	365 / 4
=	0.88

Live Nation Entertainment (NYSE:LYV) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Live Nation Entertainment's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4681.184	/	45.141
	=	103.70

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Live Nation Entertainment's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	45.141	/	5838.941
	=	0.01

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Live Nation Entertainment Days Inventory Related Terms

Thank you for viewing the detailed overview of Live Nation Entertainment's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Live Nation Entertainment (Live Nation Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Live Nation Entertainment Inc (NYSE:LYV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

LYV:Mexico 3LN:Germany L1YV34:Brazil

Address

9348 Civic Center Drive, Beverly Hills, CA, USA, 90210

Website

https://www.livenationentertainment.com

Live Nation is the largest live entertainment firm in the world with over 670 million fans served in 48 countries in 2022 by the company's concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 338 venues including the House of Blues. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 550 million tickets for over 12,000 clients in 2022. Its artist management agencies have over 400 clients. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans. Liberty Media owns 31% of Live Nation, held under its Sirius XM tracking stock. Liberty plans to spin off its stake into a dedicated tracking stock.

Executives

Joe Berchtold	officer: Chief Operating Officer	C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Jeffrey T. Hinson	director	3721 POTOMAC AVE., DALLAS TX 75205
Michael Rowles	officer: EVP & General Counsel	C/O LIVE NATION, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Richard A. Paul	director	80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Jimmy Iovine	director	C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Michael Rapino	director, officer: Chief Executive Officer	9348 CIVIC CENTER DRIVE, FOURTH FLOOR, BEVERLY HILLS CA 90210
Brian Capo	officer: Chief Accounting Officer	C/O LIVE NATION, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
James S Kahan	director	175 E HOUSTON STREET, --, SAN ANTONIO TX 78205-2233
John Hopmans	officer: EVP, M&A and Strategic Finance	C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Latriece Watkins	director	C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Elizabeth Kathleen Willard	officer: Chief Accounting Officer	2000 WEST LOOP SOUTH, SUITE 1300, HOUSTON TX 77027
Chad Hollingsworth	director	6262 SUNSET DRIVE, MIAMI FL 33143
Ping Fu	director	C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE, BEVERLY HILLS CA 90210
Ariel Emanuel	director	C/O SOURCE INTERLINK COMPANIES, INC., 27500 RIVERVIEW CENTER BLVD, SUITE 400, BONITA SPRINGS FL 34134
Enloe Robert Ted Iii	director	LEGGETT & PLATT, INCORPORATED, NO. 1 LEGGETT ROAD, CARTHAGE MO 64836