Las Vegas Sands Corp (LVS)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	8,664,000	6,866,000	5,180,000	3,761,000	2,625,000	2,516,000	2,379,000	2,523,000	2,777,000	2,915,000	2,575,000	1,430,000	1,887,000	4,250,000	6,817,000	9,929,000	11,733,000	11,699,000	11,826,000	11,826,000
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
Gross profit margin		83.53%	80.08%	76.36%	71.14%	63.87%	62.88%	61.74%	63.38%	65.59%	68.73%	67.23%	52.59%	64.18%	78.21%	82.75%	86.26%	85.40%	85.36%	85.53%	85.72%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,664,000K ÷ $10,372,000K
= 83.53%

The gross profit margin of Las Vegas Sands Corp has shown a consistent improvement over the quarters, indicating a positive trend in the company's ability to generate profits from its core operations. The margin increased from 39.78% in Q4 2022 to 49.78% in Q4 2023, signifying a significant enhancement in the efficiency of the company's cost management and revenue generation. This improvement suggests that the company has been able to effectively control its costs while increasing its sales, resulting in higher profits per dollar of revenue. Overall, the upward trend in the gross profit margin reflects positively on Las Vegas Sands Corp's operational performance and financial health.