Las Vegas Sands Corp (LVS)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,372,000 | 4,110,000 | 4,234,000 | 2,940,000 | 12,127,000 |
| Property, plant and equipment | US$ in thousands | 11,439,000 | 11,451,000 | 11,850,000 | 12,280,000 | 14,844,000 |
| Fixed asset turnover | 0.91 | 0.36 | 0.36 | 0.24 | 0.82 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,372,000K ÷ $11,439,000K
= 0.91
The fixed asset turnover ratio for Las Vegas Sands Corp has exhibited fluctuations over the past five years. The company's ability to generate revenue from its fixed assets improved significantly from 2019 to 2023, with a peak of 0.93 in 2019 and a subsequent decline to 0.24 in 2020. This downward trend was reversed in the following years, as the ratio increased to 0.36 in both 2021 and 2022, and further improved to 0.91 in 2023.
An increasing trend in fixed asset turnover indicates that Las Vegas Sands Corp has been more efficient in utilizing its fixed assets to generate revenue. This improvement may be attributed to effective asset management strategies, operational efficiency, or increased demand for the company's products or services. However, it is essential to assess the trend in conjunction with other financial metrics and industry benchmarks to gain a more comprehensive understanding of the company's performance and financial health.
Peer comparison
Dec 31, 2023