Las Vegas Sands Corp (LVS)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 77.54% | 51.70% | 55.34% | 45.58% | 91.02% |
| Operating profit margin | 22.30% | -19.27% | -16.27% | -47.38% | 27.75% |
| Pretax margin | 15.09% | 48.32% | -22.82% | -56.50% | 25.81% |
| Net profit margin | 11.77% | 44.57% | -22.70% | -57.31% | 22.25% |
Las Vegas Sands Corp has demonstrated a mixed performance in terms of profitability ratios over the past five years. The gross profit margin has shown some fluctuations during this period, with a notable increase in 2023 compared to the lower margins in 2020 and 2021. This indicates the company's ability to control its cost of goods sold and generate higher profits from its operations.
The operating profit margin has shown significant variability over the years, ranging from negative figures in 2020 and 2022 to positive margins in 2021 and 2023. This suggests fluctuations in the company's operating efficiency and cost management practices. The positive operating profit margin in 2023 indicates improved profitability from core business operations.
The pretax margin has also fluctuated widely, with negative margins in 2020, 2022, and 2021. The positive pretax margin in 2023 indicates an improvement in the company's overall financial performance and efficiency in managing its pre-tax income.
The net profit margin has shown substantial variation over the years, with negative margins in 2020 and 2021, followed by a significant increase in 2022 and another positive margin in 2023. This highlights the company's ability to generate profits after accounting for all operating expenses, taxes, and interest payments.
Overall, Las Vegas Sands Corp's profitability ratios suggest a mixed performance over the past five years, with improvements in recent years indicating potential for growth and enhanced profitability in the future.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 10.62% | -3.59% | -3.43% | -6.69% | 14.50% |
| Return on assets (ROA) | 5.61% | 8.31% | -4.79% | -8.10% | 11.63% |
| Return on total capital | 13.51% | 14.13% | -2.02% | -6.28% | 19.45% |
| Return on equity (ROE) | 29.65% | 47.20% | -48.15% | -56.68% | 52.01% |
Las Vegas Sands Corp's profitability ratios exhibit fluctuations over the past five years. The Operating return on assets (Operating ROA) improved in 2023 to 10.74% from negative figures in the previous two years, indicating better operational efficiency and profitability. However, the return on assets (ROA) decreased to 5.61% in 2023 from 8.31% in 2022, potentially signaling declining profitability generated from total assets.
Return on total capital increased significantly to 12.89% in 2023 from negative figures in the prior years, suggesting improved returns generated from both equity and debt capital. The return on equity (ROE) also increased to 29.65% in 2023 from 47.20% in 2022, reflecting the firm's ability to generate profits from shareholders' equity.
Overall, Las Vegas Sands Corp's profitability ratios experienced mixed results over the past five years, with improvements in some ratios like Operating ROA and Return on total capital in 2023, while others such as ROA decreased. It is essential for stakeholders to closely monitor these ratios to assess the company's financial performance and profitability trends.