Las Vegas Sands Corp (LVS)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 2,701,000 | 2,700,000 | 2,695,000 | 2,664,000 |
| Payables | US$ in thousands | 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 | 149,000 | 170,000 | 138,000 | 152,000 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,330,000K ÷ $167,000K
= 13.95
Based on the data provided for Las Vegas Sands Corp's payables turnover over the past eight quarters, we observe fluctuations in the ratio. The payables turnover ratio measures how efficiently a company pays its suppliers. A higher turnover ratio generally indicates that the company is paying its suppliers more frequently, which could suggest good liquidity and strong supplier relationships.
In Q4 2023, the payables turnover ratio was 31.19, showing an increase from the previous quarter's ratio of 29.61. This demonstrates that the company is paying its suppliers at a faster rate compared to the previous quarter. However, when comparing to the same quarter in the prior year (Q4 2022), there was a slight decrease from 27.81 to 31.19.
Overall, the payables turnover ratio for Las Vegas Sands Corp has shown some variability but has generally been at a relatively high level over the past eight quarters. Further analysis of the company's financial position and management of supplier relationships would be needed to provide a more comprehensive understanding of the implications of these fluctuations in the payables turnover ratio.
Peer comparison
Dec 31, 2023