Las Vegas Sands Corp (LVS)
Total asset 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 |
| Total assets | US$ in thousands | 20,666,000 | 21,354,000 | 21,113,000 | 21,245,000 | 21,778,000 | 22,124,000 | 22,270,000 | 22,715,000 | 22,039,000 | 21,469,000 | 22,059,000 | 22,247,000 | 20,059,000 | 19,892,000 | 20,378,000 | 20,541,000 | 20,807,000 | 20,982,000 | 21,695,000 | 21,167,000 |
| Total asset turnover | 0.55 | 0.53 | 0.54 | 0.53 | 0.48 | 0.39 | 0.30 | 0.23 | 0.19 | 0.19 | 0.17 | 0.18 | 0.21 | 0.21 | 0.19 | 0.13 | 0.14 | 0.26 | 0.38 | 0.54 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,298,000K ÷ $20,666,000K
= 0.55
Las Vegas Sands Corp's total asset turnover has been fluctuating over the past few years, ranging from a low of 0.13 in March 2021 to a high of 0.55 in December 2024. The total asset turnover ratio measures how efficiently the company is using its assets to generate revenue. A higher ratio indicates that the company is utilizing its assets effectively to generate sales.
In the case of Las Vegas Sands Corp, the trend shows that the total asset turnover ratio initially decreased significantly from March 2020 to December 2021, indicating a decrease in efficiency in utilizing its assets to generate revenue. However, there has been a gradual improvement in the ratio from March 2023 onwards, reaching its peak of 0.55 in December 2024.
Overall, the increasing trend in the total asset turnover ratio since March 2023 suggests that Las Vegas Sands Corp has been able to improve its asset utilization efficiency in generating sales, which is a positive sign for the company's operational performance.
Peer comparison
Dec 31, 2024