Las Vegas Sands Corp (LVS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 8,042,000 | 2,125,000 | 2,343,000 | 1,340,000 | 11,038,000 |
| Revenue | US$ in thousands | 10,372,000 | 4,110,000 | 4,234,000 | 2,940,000 | 12,127,000 |
| Gross profit margin | 77.54% | 51.70% | 55.34% | 45.58% | 91.02% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $8,042,000K ÷ $10,372,000K
= 77.54%
Las Vegas Sands Corp's gross profit margin has exhibited fluctuations over the past five years. The company's gross profit margin was at its lowest in 2020, standing at 27.80%, indicating a lower proportion of revenue retained after accounting for the cost of goods sold. However, there was a significant improvement in 2019 when the gross profit margin reached 50.27%, representing a higher level of efficiency in generating profits. In the most recent period, as of December 31, 2023, the gross profit margin stands at 49.78%, reflecting a strong performance in converting revenue into gross profit. Overall, the trend indicates variability in the company's ability to manage its costs and maximize profitability over the reviewed years.
Peer comparison
Dec 31, 2023