Las Vegas Sands Corp (LVS)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		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	18.13	15.88	19.53	17.53
Number of days of payables	days	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	20.14	22.98	18.69	20.83

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 shown some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 11.70 days, showing a slight decrease from the previous quarter at 12.33 days in Q3 2023. This decrease indicates that the company took fewer days to pay off its payables compared to the previous quarter.

Looking further back, we see a general increasing trend in the number of days of payables from Q1 2022 to Q2 2023, peaking at 13.81 days in Q3 2022. This suggests that the company was taking longer to settle its payables during this period.

It is worth noting that the number of days of payables dropped significantly in Q1 2022 to 10.01 days, the lowest point in the provided data. This indicates that the company was able to manage its payables efficiently during that quarter.

Overall, the trend in Las Vegas Sands Corp's number of days of payables reflects fluctuations in the company's payment terms and management of its accounts payable over the past eight quarters. Further analysis and context about the company's operations and industry norms would provide a more comprehensive understanding of the significance of these trends.