Las Vegas Sands Corp (LVS)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	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	13,739,000	13,705,000	13,827,000	13,796,000
Property, plant and equipment	US$ in thousands	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	14,844,000	14,590,000	14,591,000	15,099,000
Fixed asset turnover		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	0.93	0.94	0.95	0.91

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,372,000K ÷ $11,439,000K
= 0.91

The fixed asset turnover ratio of Las Vegas Sands Corp has shown a fluctuating trend over the past eight quarters. The ratio has increased from 0.34 in Q1 2022 to 0.91 in Q4 2023, indicating that the company's ability to generate revenue from its fixed assets has improved significantly over this period.

A higher fixed asset turnover ratio suggests that the company is more efficient in utilizing its fixed assets to generate sales. This could be due to factors such as increased operational efficiency, better asset utilization, or improved sales and marketing strategies.

Overall, the increasing trend in the fixed asset turnover ratio of Las Vegas Sands Corp is a positive indicator of the company's operational performance and efficiency in generating revenue from its fixed assets.