Las Vegas Sands Corp (LVS)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	11,298,000	11,317,000	11,430,000	11,211,000	10,372,000	8,574,000	6,784,000	5,287,000	4,110,000	4,001,000	3,853,000	3,981,000	4,234,000	4,241,000	3,830,000	2,719,000	2,940,000	5,434,000	8,238,000	11,510,000
Property, plant and equipment	US$ in thousands	11,993,000	12,059,000	11,367,000	11,266,000	11,439,000	11,589,000	11,591,000	11,332,000	11,451,000	11,284,000	11,498,000	11,709,000	11,850,000	11,932,000	12,028,000	12,125,000	12,280,000	14,992,000	14,911,000	14,706,000
Fixed asset turnover		0.94	0.94	1.01	1.00	0.91	0.74	0.59	0.47	0.36	0.35	0.34	0.34	0.36	0.36	0.32	0.22	0.24	0.36	0.55	0.78

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,298,000K ÷ $11,993,000K
= 0.94

Fixed asset turnover is a financial ratio that measures how efficiently a company generates revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales.

Based on the data provided for Las Vegas Sands Corp, the fixed asset turnover has shown fluctuations over the quarters. The trend shows a decline from 0.78 as of March 31, 2020, to a low of 0.22 as of March 31, 2021. This indicates a decrease in the company's ability to generate revenue from its fixed assets during this period.

However, there has been an improvement in the fixed asset turnover ratio starting from March 31, 2021, with the ratio gradually increasing to 1.00 as of March 31, 2024. This indicates that Las Vegas Sands Corp has been able to enhance its efficiency in utilizing its fixed assets to generate sales over the past few years.

Overall, the increasing trend in the fixed asset turnover ratio suggests that the company has been able to improve its asset utilization and generate more revenue from its fixed assets, which is a positive sign for its operational efficiency and potential profitability.