Las Vegas Sands Corp (LVS)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,372,000 | 4,110,000 | 4,234,000 | 2,940,000 | 12,127,000 |
| Receivables | US$ in thousands | 484,000 | 269,000 | 204,000 | 344,000 | 847,000 |
| Receivables turnover | 21.43 | 15.28 | 20.75 | 8.55 | 14.32 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $10,372,000K ÷ $484,000K
= 21.43
The receivables turnover ratio for Las Vegas Sands Corp has fluctuated over the past five years, indicating the company's effectiveness in managing its accounts receivable. A higher receivables turnover ratio suggests that the company is collecting its outstanding receivables more frequently during the year.
In 2023, the receivables turnover ratio was 21.43, a significant increase from the previous year's ratio of 15.39. This indicates that Las Vegas Sands Corp was able to collect its receivables more efficiently in 2023.
Comparing to 2021 and 2019, the receivables turnover ratio was also notably higher in 2023, demonstrating an improvement in the company's accounts receivable management practices.
However, the receivables turnover ratio in 2020 was lower at 10.69, indicating a potential challenge in collecting receivables efficiently during that year.
Overall, the trend in the receivables turnover ratio reflects fluctuations in the company's ability to collect outstanding receivables, with 2023 showing a notable improvement in this aspect.
Peer comparison
Dec 31, 2023