Las Vegas Sands Corp (LVS)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,298,000 | 11,317,000 | 11,430,000 | 11,211,000 | 10,372,000 | 8,574,000 | 6,784,000 | 5,287,000 | 4,110,000 | 4,001,000 | 3,853,000 | 3,981,000 | 4,234,000 | 4,241,000 | 3,830,000 | 2,719,000 | 2,940,000 | 5,434,000 | 8,238,000 | 11,510,000 |
| Receivables | US$ in thousands | 417,000 | 413,000 | 436,000 | 420,000 | 484,000 | 390,000 | 336,000 | 328,000 | 269,000 | 210,000 | 158,000 | 147,000 | 204,000 | 167,000 | 160,000 | 205,000 | 344,000 | 382,000 | 567,000 | 653,000 |
| Receivables turnover | 27.09 | 27.40 | 26.22 | 26.69 | 21.43 | 21.98 | 20.19 | 16.12 | 15.28 | 19.05 | 24.39 | 27.08 | 20.75 | 25.40 | 23.94 | 13.26 | 8.55 | 14.23 | 14.53 | 17.63 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,298,000K ÷ $417,000K
= 27.09
The receivables turnover ratio of Las Vegas Sands Corp has exhibited fluctuations over the reported periods. The company's receivables turnover ratio decreased from 17.63 on March 31, 2020, to 8.55 on December 31, 2020, indicating a longer period for the company to collect its accounts receivable.
Subsequently, the ratio showed an increasing trend reaching a peak of 27.40 on September 30, 2024. This improvement suggests that the company was more efficient in collecting its outstanding receivables during this period.
Overall, the varying trend in the receivables turnover ratio may be linked to changes in the company's credit policies, customer payment behavior, or internal operational efficiency in managing accounts receivable. An increasing ratio is generally favorable, as it implies quicker collection of receivables and potentially better cash flow management. Conversely, a declining ratio may raise concerns about the company's credit risk exposure and collection efficiency.
Peer comparison
Dec 31, 2024