Las Vegas Sands Corp (LVS)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		106.05	61.32	70.89	85.95	103.27
DOH	days	3.44	5.95	5.15	4.25	3.53

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 106.05
= 3.44

The days of inventory on hand (DOH) for Las Vegas Sands Corp has shown a gradual increasing trend over the past five years. As of December 31, 2020, the company had 3.53 days of inventory on hand, which increased to 4.25 days by December 31, 2021. This upward trend continued with DOH reaching 5.15 days by December 31, 2022, and further increasing to 5.95 days by December 31, 2023. However, by December 31, 2024, there was a notable decrease in the DOH to 3.44 days.

The increasing trend in DOH indicates that Las Vegas Sands Corp is taking longer to sell its inventory, which may suggest potential issues with inventory management efficiency or changing market demand. The sudden decrease in DOH in 2024 could signify improvements in inventory management or a shift in business operations. It is important for the company to closely monitor and analyze its inventory turnover to ensure optimal inventory management and cost control.