Las Vegas Sands Corp (LVS)

Total asset 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
Total assets	US$ in thousands	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	23,199,000	22,427,000	22,594,000	22,313,000
Total asset turnover		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	0.59	0.61	0.61	0.62

December 31, 2023 calculation

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

Las Vegas Sands Corp's total asset turnover has shown fluctuations over the past eight quarters. The ratio measures the efficiency with which the company generates sales revenue from its total assets.

The total asset turnover ranged between 0.17 and 0.48 during this period, with a significant increase from 0.23 in Q1 2023 to 0.48 in Q4 2023. This indicates that the company managed to generate more revenue from its assets in the most recent quarter compared to the earlier periods.

Overall, a higher total asset turnover suggests better asset utilization and efficiency in generating sales. It is essential for investors to monitor this ratio over time to understand the company's ability to generate revenue from its asset base effectively.