Las Vegas Sands Corp (LVS)
Working capital 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 current assets | US$ in thousands | 5,777,000 | 6,744,000 | 5,510,000 | 5,707,000 | 5,305,000 |
| Total current liabilities | US$ in thousands | 4,422,000 | 3,902,000 | 2,565,000 | 2,816,000 | 3,224,000 |
| Working capital turnover | 7.65 | 1.45 | 1.44 | 1.02 | 5.83 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $10,372,000K ÷ ($5,777,000K – $4,422,000K)
= 7.65
Las Vegas Sands Corp's working capital turnover ratio has fluctuated over the past five years, indicating varying efficiencies in managing its working capital. The working capital turnover was highest in 2020 at 10.78, reflecting that the company generated $10.78 in revenue for every dollar of working capital invested. This suggests a strong ability to efficiently utilize its current assets to generate sales.
However, in 2023, the working capital turnover ratio decreased to 7.65, which may indicate a decrease in the efficiency of using working capital to support sales activities. This could be a result of changes in operating or financial strategies impacting the utilization of current assets.
The ratios in 2019 (6.60), 2021 (1.44), and 2022 (1.45) were relatively lower, indicating a potential need for improvement in managing working capital efficiency during those years.
Overall, analyzing the trend of Las Vegas Sands Corp's working capital turnover ratio highlights the importance of effectively managing working capital to support revenue generation and operational activities. Moving forward, the company may need to focus on enhancing its working capital management practices to improve overall efficiency and financial performance.
Peer comparison
Dec 31, 2023