Las Vegas Sands Corp (LVS)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,330,000 | 1,985,000 | 1,891,000 | 2,272,000 | 2,701,000 |
| Payables | US$ in thousands | 167,000 | 89,000 | 77,000 | 89,000 | 149,000 |
| Payables turnover | 13.95 | 22.30 | 24.56 | 25.53 | 18.13 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,330,000K ÷ $167,000K
= 13.95
The payables turnover of Las Vegas Sands Corp has shown fluctuations over the past five years. The ratio indicates how efficiently the company is managing its accounts payable by paying off its suppliers.
In 2023, the payables turnover ratio stands at 31.19, which suggests that the company is able to convert its accounts payable into cash 31.19 times during the year. This represents an improvement from the previous year's ratio of 27.81.
The peak in payables turnover was seen in 2019 at 45.85, indicating robust efficiency in managing payables. The following years showed a slight decline before rebounding in 2023.
Overall, a higher payables turnover ratio implies better liquidity and efficient management of suppliers' payments. Las Vegas Sands Corp appears to be improving its payables management over the years, which can lead to enhanced cash flow and operational efficiency. However, it should be noted that other factors should also be considered alongside this ratio to get a comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2023