Las Vegas Sands Corp (LVS)

Total asset 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
Total assets	US$ in thousands	21,778,000	22,039,000	20,059,000	20,807,000	23,199,000
Total asset turnover		0.48	0.19	0.21	0.14	0.52

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $10,372,000K ÷ $21,778,000K
= 0.48

Las Vegas Sands Corp's total asset turnover has been fluctuating over the past five years. The ratio increased from 0.17 in 2020 to 0.21 in 2021, indicating that the company generated $0.21 in revenue for every $1 of assets. However, there was a slight decline in 2022 to 0.19 before a more significant increase to 0.48 in 2023, suggesting that the company efficiently utilized its assets to generate revenue. Overall, the trend implies that there has been variability in the company's ability to generate revenue from its total assets during this period.