Las Vegas Sands Corp (LVS)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,330,000 | 1,985,000 | 1,891,000 | 2,272,000 | 2,701,000 |
| Inventory | US$ in thousands | 38,000 | 28,000 | 22,000 | 22,000 | 37,000 |
| Inventory turnover | 61.32 | 70.89 | 85.95 | 103.27 | 73.00 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,330,000K ÷ $38,000K
= 61.32
Las Vegas Sands Corp's inventory turnover has fluctuated over the past five years, ranging from a low of 81.50 in 2020 to a high of 184.65 in 2019. The inventory turnover ratio measures how efficiently the company manages its inventory by indicating how many times during the year the inventory was sold and replaced.
The sharp increase in inventory turnover in 2019 suggests that Las Vegas Sands Corp was able to swiftly sell and replenish its inventory that year. However, inventory turnover decreased in the following years, reaching a low point in 2020. This could indicate potential challenges in managing inventory levels or slower sales during that period.
The significant increase in 2023, with a ratio of 137.08, suggests an improvement in inventory management efficiency compared to the previous year. This could be a positive sign of better inventory control or increased sales volume. Overall, it is important for Las Vegas Sands Corp to monitor and maintain an appropriate balance of inventory levels to ensure efficient operations and profitability.
Peer comparison
Dec 31, 2023