Las Vegas Sands Corp (LVS)

Days of sales outstanding (DSO)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Receivables turnover		21.43	21.98	20.19	16.12	15.28	19.05	24.39	27.08	20.75	25.40	23.94	13.26	8.55	14.23	14.53	17.63	16.22	18.10	18.03	18.72
DSO	days	17.03	16.60	18.08	22.64	23.89	19.16	14.97	13.48	17.59	14.37	15.25	27.52	42.71	25.66	25.12	20.71	22.50	20.16	20.25	19.50

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 21.43
= 17.03

Las Vegas Sands Corp's Days of Sales Outstanding (DSO) have shown a fluctuating trend over the past eight quarters. In Q1 2022, the DSO was at its lowest point at 13.48 days, indicating that the company was efficient in collecting its accounts receivable. However, in Q1 2023, the DSO increased to 22.64 days, reflecting a longer time taken to convert sales into cash.

The DSO decreased in Q2 2023 compared to the previous quarter but remained higher than the levels seen in 2022. This improvement suggests that the company may have implemented better credit or collection practices during that period. In Q3 2023, the DSO decreased further to 16.60 days, indicating a more efficient accounts receivable management.

Overall, Las Vegas Sands Corp's DSO has shown variability, with some quarters demonstrating efficient collections and others indicating delays in converting sales to cash. It is essential for the company to monitor and manage its DSO effectively to ensure a healthy cash flow and optimal working capital management.