Las Vegas Sands Corp (LVS)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,348,000 | 2,330,000 | 1,985,000 | 1,891,000 | 2,272,000 |
| Payables | US$ in thousands | 164,000 | 167,000 | 89,000 | 77,000 | 89,000 |
| Payables turnover | 26.51 | 13.95 | 22.30 | 24.56 | 25.53 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,348,000K ÷ $164,000K
= 26.51
The payables turnover ratio for Las Vegas Sands Corp has been on a gradual decline from 25.53 in December 31, 2020, dropping to 24.56 in December 31, 2021, and further decreasing to 22.30 in December 31, 2022. However, there was a significant decrease to 13.95 in December 31, 2023, indicating a potential issue with managing payables efficiently.
The ratio then rebounded to 26.51 in December 31, 2024, showing an improvement in the company's ability to pay its outstanding obligations relative to the previous year. Overall, fluctuations in the payables turnover ratio suggest changes in the company's payment practices and efficiency in managing its accounts payable during the period under review.
Peer comparison
Dec 31, 2024