Las Vegas Sands Corp (LVS)
Cash conversion cycle
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 1.98 | 1.91 | 2.09 | 2.09 | 2.11 | 1.92 | 2.07 | 2.15 | 2.29 | 2.48 | 2.57 | 2.92 | 2.44 | 2.54 | 2.36 | 2.19 | 2.19 | 2.32 | 2.78 | 2.58 |
| Days of sales outstanding (DSO) | days | 16.31 | 16.75 | 14.18 | 13.47 | 13.32 | 13.92 | 13.67 | 17.03 | 14.86 | 16.09 | 19.74 | 19.72 | 15.51 | 14.97 | 13.48 | 17.41 | 14.37 | 15.25 | 27.52 | 31.29 |
| Number of days of payables | days | 7.39 | 7.72 | 7.69 | 8.38 | 7.17 | 7.73 | 8.29 | 9.46 | 9.80 | 10.47 | 9.89 | 9.29 | 9.64 | 8.03 | 7.07 | 7.66 | 7.38 | 7.29 | 8.47 | 10.43 |
| Cash conversion cycle | days | 10.90 | 10.93 | 8.58 | 7.19 | 8.27 | 8.12 | 7.46 | 9.72 | 7.34 | 8.10 | 12.42 | 13.35 | 8.30 | 9.47 | 8.77 | 11.94 | 9.19 | 10.28 | 21.84 | 23.44 |
September 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 1.98 + 16.31 – 7.39
= 10.90
Peer comparison
Sep 30, 2025