Las Vegas Sands Corp (LVS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.95 | 22.30 | 24.56 | 25.53 | 18.13 | |
| Number of days of payables | days | 26.16 | 16.37 | 14.86 | 14.30 | 20.14 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.95
= 26.16
Las Vegas Sands Corp's number of days of payables has fluctuated over the past five years. In 2023, the company took approximately 11.70 days, on average, to pay its suppliers and vendors. This represents a slight improvement from 2022 when the number of days of payables was 13.13 days. In 2021, the company's payables were managed more efficiently as the number of days decreased to 10.69 days. However, in 2020 and 2019, Las Vegas Sands Corp took longer to settle its payables, with 13.72 days and 7.96 days, respectively.
A lower number of days of payables indicates that the company is able to settle its outstanding payables more quickly, which may reflect stronger cash flow management or more favorable payment terms negotiated with suppliers. On the other hand, a higher number of days of payables could suggest liquidity constraints or inefficiencies in working capital management.
Overall, monitoring the trend in days of payables can provide insight into how efficiently Las Vegas Sands Corp is managing its payables and working capital, which can have implications for its financial health and operational effectiveness.
Peer comparison
Dec 31, 2023