Las Vegas Sands Corp (LVS)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 13,739,000 | 13,705,000 | 13,827,000 | 13,796,000 |
| Receivables | US$ in thousands | 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 | 847,000 | 757,000 | 767,000 | 737,000 |
| Receivables turnover | 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 | 16.22 | 18.10 | 18.03 | 18.72 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,372,000K ÷ $484,000K
= 21.43
Las Vegas Sands Corp's receivables turnover ratio has shown fluctuations over the past eight quarters. The receivables turnover ratio indicates how efficiently the company collects payments from its customers. A higher ratio typically suggests that the company is collecting its receivables more quickly.
In Q4 2023, the receivables turnover was 21.43, slightly lower than the ratio in Q3 2023 of 21.98. This suggests that the company took slightly longer to collect payments from customers in Q4 compared to Q3. However, the ratio remains relatively high, indicating efficient collection practices.
Compared to the same quarter last year, the Q4 2023 ratio of 21.43 shows an improvement over Q4 2022's ratio of 15.39. This signifies that Las Vegas Sands Corp has been more effective in collecting payments from customers in the current period compared to the same period in the previous year.
Looking at the trend over the past eight quarters, the receivables turnover ratio peaked in Q2 2022 at 27.08 and has since declined. The decrease in the ratio from Q2 2022 to Q4 2023 may indicate a lengthening collection period, which could potentially impact the company's cash flow and liquidity.
Overall, while the company's receivables turnover ratio has exhibited some variability, it remains at a relatively high level, suggesting that Las Vegas Sands Corp has been efficient in collecting payments from customers, although there has been some recent moderation in this efficiency. It would be important to monitor this ratio in future periods to assess any sustained trends in the company's receivables management.
Peer comparison
Dec 31, 2023