Las Vegas Sands Corp (LVS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,298,000 | 10,372,000 | 4,110,000 | 4,234,000 | 2,940,000 |
| Property, plant and equipment | US$ in thousands | 11,993,000 | 11,439,000 | 11,451,000 | 11,850,000 | 12,280,000 |
| Fixed asset turnover | 0.94 | 0.91 | 0.36 | 0.36 | 0.24 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,298,000K ÷ $11,993,000K
= 0.94
The fixed asset turnover ratio of Las Vegas Sands Corp has shown a gradual improvement over the years, indicating a more efficient utilization of its fixed assets to generate revenue. The ratio has increased from 0.24 in December 31, 2020, to 0.94 in December 31, 2024. This suggests that the company is generating significantly more revenue for each dollar invested in fixed assets. The substantial increase in the ratio from 2020 to 2024 reflects potential operational improvements or strategic decisions leading to better asset utilization and revenue generation. Overall, the upward trend in the fixed asset turnover ratio demonstrates an enhanced efficiency in utilizing fixed assets to drive the company's revenue growth.
Peer comparison
Dec 31, 2024