Las Vegas Sands Corp (LVS)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	4,348,000	2,439,000	2,424,000	2,412,000	2,330,000	2,208,000	2,104,000	2,026,000	1,985,000	1,919,000	1,908,000	1,892,000	1,891,000	2,004,000	2,073,000	2,143,000	2,272,000	2,420,000	2,517,000	2,641,000
Inventory	US$ in thousands	41,000	41,000	37,000	39,000	38,000	35,000	32,000	28,000	28,000	23,000	24,000	23,000	22,000	22,000	22,000	23,000	22,000	34,000	37,000	36,000
Inventory turnover		106.05	59.49	65.51	61.85	61.32	63.09	65.75	72.36	70.89	83.43	79.50	82.26	85.95	91.09	94.23	93.17	103.27	71.18	68.03	73.36

December 31, 2024 calculation

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

Las Vegas Sands Corp's inventory turnover has shown fluctuations over the past few years, ranging from a low of 59.49 at September 30, 2024, to a high of 106.05 at December 31, 2024. The inventory turnover ratio measures how efficiently a company manages its inventory by indicating how many times the inventory is sold and replaced within a specific period.

A high inventory turnover ratio typically indicates that a company is effectively managing its inventory levels, minimizing holding costs, and turning over its inventory quickly. On the other hand, a low inventory turnover ratio may suggest overstocking or slow-moving inventory, which could tie up capital and potentially lead to obsolescence.

Las Vegas Sands Corp's inventory turnover ratios have generally been on the higher end of the spectrum, indicating efficient management of inventory levels. However, the fluctuations in the ratios over the years suggest some variability in the company's inventory management practices, which should be further analyzed to ensure optimal efficiency and profitability.