Las Vegas Sands Corp (LVS)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	4,348,000	2,330,000	1,985,000	1,891,000	2,272,000
Inventory	US$ in thousands	41,000	38,000	28,000	22,000	22,000
Inventory turnover		106.05	61.32	70.89	85.95	103.27

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $4,348,000K ÷ $41,000K
= 106.05

The inventory turnover for Las Vegas Sands Corp has shown fluctuations over the past five years. In December 2020, the inventory turnover was 103.27, indicating that the company's inventory was sold and replenished approximately 103 times during the year. However, in subsequent years, the inventory turnover decreased reaching 85.95 in December 2021, 70.89 in December 2022, and further dropping to 61.32 in December 2023.

This downward trend suggests that the company may be experiencing challenges in managing its inventory efficiently, potentially leading to excess inventory levels or slower sales. It is important for the company to address this issue to improve its operational efficiency and cash flow.

Surprisingly, the inventory turnover spiked significantly to 106.05 in December 2024, indicating a substantial improvement in the company's inventory management. This sudden increase could be due to various factors such as better inventory control measures or a more effective sales strategy.

Overall, Las Vegas Sands Corp should closely monitor its inventory turnover to ensure optimal inventory levels and efficient operations in the future.