Las Vegas Sands Corp (LVS)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	4,348,000	2,439,000	2,424,000	2,412,000	2,330,000	2,208,000	2,104,000	2,026,000	1,985,000	1,919,000	1,908,000	1,892,000	1,891,000	2,004,000	2,073,000	2,143,000	2,272,000	2,420,000	2,517,000	2,641,000
Payables	US$ in thousands	164,000	139,000	149,000	156,000	167,000	150,000	135,000	108,000	89,000	91,000	76,000	69,000	77,000	74,000	69,000	70,000	89,000	70,000	64,000	82,000
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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,348,000K ÷ $164,000K
= 26.51

The payables turnover ratio indicates how many times a company pays off its accounts payable during a specific period. Las Vegas Sands Corp's payables turnover has fluctuated over the years, decreasing from 32.21 in March 2020 to 26.51 in December 2024.

A higher payables turnover ratio typically suggests that the company is paying off its suppliers more quickly, which can be a positive signal of efficiency. Conversely, a lower ratio may indicate that the company is taking longer to settle its payables.

Las Vegas Sands Corp's payables turnover has shown a decreasing trend over the period analyzed, suggesting a potential deterioration in its ability to manage and settle its accounts payable efficiently. Further analysis would be necessary to understand the reasons behind this trend and its implications for the company's financial health.