Live Nation Entertainment (FRA:3LN) Inventory Turnover : 103.70 (As of Dec. 2023)

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What is Live Nation Entertainment Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Live Nation Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was €4,293 Mil. Live Nation Entertainment's Average Total Inventories for the quarter that ended in Dec. 2023 was €41 Mil. Live Nation Entertainment's Inventory Turnover for the quarter that ended in Dec. 2023 was 103.70.

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 three months ended in Dec. 2023 was 0.88.

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 quarter that ended in Dec. 2023 was 0.01.

Live Nation Entertainment Inventory Turnover Historical Data

The historical data trend for Live Nation Entertainment's Inventory Turnover 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.

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Live Nation Entertainment Inventory Turnover Chart

Live Nation Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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596.56

70.77

160.56

350.32

406.84

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
Inventory Turnover	Get a 7-Day Free Trial															85.00	54.05	-	-	103.70

Live Nation Entertainment Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	15856.779	/ (	(36.556	+	41.394)	/	2 )
=	15856.779	/	38.975
=	406.84

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	4292.646	/ (	(0	+	41.394)	/	1 )
=	4292.646	/	41.394
=	103.70

Live Nation Entertainment (FRA:3LN) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	41.394	/	4292.646	*	365 / 4
	=	0.88

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	41.394	/	5354.309
	=	0.01

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Live Nation Entertainment Inventory Turnover Related Terms

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Live Nation Entertainment (FRA:3LN) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Live Nation Entertainment Inc (FRA:3LN) » Definitions » Inventory Turnover

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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.

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