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Live Nation Entertainment (FRA:3LN) Change In Receivables : €-522 Mil (TTM As of Dec. 2023)


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What is Live Nation Entertainment Change In Receivables?

Live Nation Entertainment's change in receivables for the quarter that ended in Dec. 2023 was €426 Mil. It means Live Nation Entertainment's Accounts Receivable declined by €426 Mil from Sep. 2023 to Dec. 2023 .

Live Nation Entertainment's change in receivables for the fiscal year that ended in Dec. 2023 was €-505 Mil. It means Live Nation Entertainment's Accounts Receivable increased by €505 Mil from Dec. 2022 to Dec. 2023 .

Live Nation Entertainment's Accounts Receivable for the quarter that ended in Dec. 2023 was €1,897 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Live Nation Entertainment's Days Sales Outstanding for the three months ended in Dec. 2023 was 32.33.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Live Nation Entertainment's liquidation value for the three months ended in Dec. 2023 was €-8,975 Mil.

Live Nation Entertainment Change In Receivables Historical Data

The historical data trend for Live Nation Entertainment's Change In Receivables 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 Change In Receivables Chart

Live Nation Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -143.81 403.26 -429.41 -437.99 -504.96

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
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 514.95 -152.81 -214.06 -580.21 425.55

Live Nation Entertainment Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-522 Mil.

* 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.

Live Nation Entertainment  (FRA:3LN) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1897.323/5354.309*91
=32.33

2. In Ben Graham's calculation of liquidation value, Live Nation Entertainment's accounts receivable are only considered to be worth 75% of book value:

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

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=5714.621-16132.945+0.75 * 1897.323+0.5 * 41.394
=-8,975

* 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.

Live Nation Entertainment Change In Receivables Related Terms

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Live Nation Entertainment (FRA:3LN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Live Nation Entertainment Inc (FRA:3LN) » Definitions » Change In Receivables
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Traded in Other Exchanges
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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.

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