Live Nation Entertainment (FRA:3LN) Days Payable

: 40.91 (As of Dec. 2023)

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Live Nation Entertainment's average Accounts Payable for the three months ended in Dec. 2023 was €1,924 Mil. Live Nation Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was €4,293 Mil. Hence, Live Nation Entertainment's Days Payable for the three months ended in Dec. 2023 was 40.91.

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

FRA:3LN' s Days Payable Range Over the Past 10 Years
Min: 42.54 Med: 50.29 Max: 252.01
Current: 42.54

During the past 13 years, Live Nation Entertainment's highest Days Payable was 252.01. The lowest was 42.54. And the median was 50.29.

FRA:3LN's Days Payable is ranked worse than
69.7% of 924 companies
in the Media - Diversified industry
Industry Median: 82.37 vs FRA:3LN: 42.54

Live Nation Entertainment's Days Payable declined from Dec. 2022 (53.66) to Dec. 2023 (40.91). It may suggest that Live Nation Entertainment accelerated paying its suppliers.

Live Nation Entertainment Days Payable Historical Data

The historical data trend for Live Nation Entertainment's Days Payable 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 Payable

47.57

265.67

101.15

51.94

43.94

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 Payable																53.66	85.85	43.57	28.50	40.91

Competitive Comparison

For the Entertainment subindustry, Live Nation Entertainment's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution

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

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

Live Nation Entertainment Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1860.719	+	1957.205)	/	2 )	/	15856.779	*	365
=	1908.962					/	15856.779	*	365
=	43.94

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1891.79	+	1957.205)	/	2 )	/	4292.646	*	365 / 4
=	1924.4975					/	4292.646	*	365 / 4
=	40.91

Live Nation Entertainment Days Payable 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 » Days Payable

Comparable Companies

Traded in Other Exchanges

LYV:USA 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.

Live Nation Entertainment (FRA:3LN) Headlines

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