Las Vegas Sands Corp (LVS)

Days of sales outstanding (DSO)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Receivables turnover		27.09	21.43	15.28	20.75	8.55
DSO	days	13.47	17.03	23.89	17.59	42.71

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 27.09
= 13.47

Las Vegas Sands Corp's Days of Sales Outstanding (DSO) measures the average number of days it takes for the company to collect revenue from its customers. The trend in DSO indicates the efficiency of the company's accounts receivable management.

In December 31, 2020, Las Vegas Sands Corp had a DSO of 42.71 days, suggesting a relatively longer collection period for sales. However, there has been a significant improvement in the company's collection efficiency over the years. By December 31, 2024, the DSO decreased to 13.47 days, indicating a more efficient collection process.

The decreasing trend in DSO from 2020 to 2024 reflects the company's ability to collect revenue more quickly, potentially due to improved credit policies or more effective collection efforts. This improvement in DSO may positively impact the company's cash flow and working capital management.

Overall, the declining trend in Las Vegas Sands Corp's DSO over the years is a positive indicator of improving efficiency in accounts receivable management and suggests potentially better liquidity and financial stability for the company.