Las Vegas Sands Corp (LVS)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,298,000 | 10,372,000 | 4,110,000 | 4,234,000 | 2,940,000 |
| Receivables | US$ in thousands | 417,000 | 484,000 | 269,000 | 204,000 | 344,000 |
| Receivables turnover | 27.09 | 21.43 | 15.28 | 20.75 | 8.55 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $11,298,000K ÷ $417,000K
= 27.09
The receivables turnover ratio for Las Vegas Sands Corp has shown a positive trend over the past five years, increasing from 8.55 in December 2020 to 27.09 in December 2024. This indicates that the company has been able to collect its receivables more efficiently over the years. A higher receivables turnover ratio suggests that the company is effectively managing its outstanding customer balances and converting them into cash quickly. The significant increase in the ratio from 2020 to 2024 reflects improved efficiency in collecting payments from customers, which is a positive sign for the company's liquidity and financial health.
Peer comparison
Dec 31, 2024