Las Vegas Sands Corp (LVS)

Net 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
Net income (ttm)	US$ in thousands	1,221,000	670,000	51,000	-551,000	1,832,000	1,878,000	1,749,000	1,847,000	-961,000	-1,137,000	-1,334,000	-1,962,000	-1,685,000	-757,000	341,000	2,115,000	2,698,000	1,899,000	1,937,000	1,539,000
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
Net profit margin		11.77%	7.81%	0.75%	-10.42%	44.57%	46.94%	45.39%	46.40%	-22.70%	-26.81%	-34.83%	-72.16%	-57.31%	-13.93%	4.14%	18.38%	19.64%	13.86%	14.01%	11.16%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,221,000K ÷ $10,372,000K
= 11.77%

Las Vegas Sands Corp's net profit margin has displayed fluctuating trends over the past eight quarters, ranging from as low as -10.42% in Q1 2023 to as high as 46.94% in Q3 2022. The company's net profit margin experienced a notable decline in Q1 2023 compared to the previous quarter, dropping from 7.81% to 0.75%. However, there was a significant improvement in Q4 2023, with the net profit margin increasing to 11.77%. Despite the fluctuations, Las Vegas Sands Corp has generally maintained healthy net profit margins above 40% in the quarters prior to Q1 2023. The analysis suggests that the company has been able to generate profits efficiently in most periods, although there may have been challenges affecting profitability in some quarters.