Las Vegas Sands Corp (LVS)

Number of days of payables

		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
Payables turnover		26.51	17.55	16.27	15.46	13.95	14.72	15.59	18.76	22.30	21.09	25.11	27.42	24.56	27.08	30.04	30.61	25.53	34.57	39.33	32.21
Number of days of payables	days	13.77	20.80	22.44	23.61	26.16	24.80	23.42	19.46	16.37	17.31	14.54	13.31	14.86	13.48	12.15	11.92	14.30	10.56	9.28	11.33

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 26.51
= 13.77

Las Vegas Sands Corp's number of days of payables has shown fluctuations over the past few years. The trend indicates that the company takes, on average, around 14 days to pay its suppliers and vendors. There was a gradual increase in the number of days of payables from 11.33 days as of March 31, 2020, to 26.16 days as of December 31, 2023, and then a decline to 13.77 days as of December 31, 2024.

A lower number of days of payables suggests that the company is paying its suppliers more quickly, which may indicate efficient cash management or strong supplier relationships. On the other hand, a higher number of days of payables may indicate liquidity issues or strained relationships with suppliers.

It is essential for stakeholders to monitor this ratio closely as it can provide insights into the company's working capital management and financial health. Fluctuations in the number of days of payables could be a sign of changes in the company's payment policies, cash flow problems, or shifts in its relationship with suppliers.