Las Vegas Sands Corp (LVS)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 21.43 | 15.28 | 20.75 | 8.55 | 14.32 | |
| DSO | days | 17.03 | 23.89 | 17.59 | 42.71 | 25.49 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 21.43
= 17.03
The Days of Sales Outstanding (DSO) for Las Vegas Sands Corp has shown fluctuations over the past five years. In 2023, the DSO decreased to 17.03 days from 23.71 days in 2022, indicating an improvement in the company's ability to collect accounts receivable efficiently. This decrease may suggest that the company has been more effective in managing its receivables or has implemented better credit policies.
Comparing to previous years, the DSO in 2023 was lower than both 2020 and 2019, indicating a positive trend in the company's collection process. However, the DSO in 2021 was slightly lower than in 2023, suggesting that there was a temporary improvement in collection efficiency in 2021.
Overall, the downward trend in DSO over the years reflects positively on Las Vegas Sands Corp's ability to convert its accounts receivable into cash, demonstrating effective credit management practices. This indicates a sound financial position and efficient operations in terms of managing receivables.
Peer comparison
Dec 31, 2023