Las Vegas Sands Corp (LVS)
Total asset 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 |
| Total assets | US$ in thousands | 20,666,000 | 21,778,000 | 22,039,000 | 20,059,000 | 20,807,000 |
| Total asset turnover | 0.55 | 0.48 | 0.19 | 0.21 | 0.14 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,298,000K ÷ $20,666,000K
= 0.55
The total asset turnover ratio for Las Vegas Sands Corp has shown fluctuations over the past five years. In December 31, 2020, the ratio was 0.14, indicating that for every dollar of total assets, the company generated $0.14 in revenue.
The ratio increased to 0.21 by December 31, 2021, suggesting an improvement in efficiency in generating revenue from its total assets. However, in December 31, 2022, the ratio decreased slightly to 0.19, indicating a potential decline in asset utilization efficiency.
There was a significant improvement in asset turnover by December 31, 2023, with the ratio jumping to 0.48. This sharp increase suggests a more effective utilization of total assets to generate revenue.
In the most recent year, December 31, 2024, the total asset turnover ratio further increased to 0.55, indicating that Las Vegas Sands Corp efficiently generated $0.55 in revenue for every dollar of total assets. This trend highlights the company's ability to effectively utilize its assets to drive revenue growth.
Peer comparison
Dec 31, 2024