Las Vegas Sands Corp (LVS)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	2,313,000	-792,000	-689,000	-1,393,000	3,365,000
Revenue	US$ in thousands	10,372,000	4,110,000	4,234,000	2,940,000	12,127,000
Operating profit margin		22.30%	-19.27%	-16.27%	-47.38%	27.75%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $2,313,000K ÷ $10,372,000K
= 22.30%

Las Vegas Sands Corp's operating profit margin has fluctuated significantly over the past five years. In 2019, the company recorded a healthy operating profit margin of 27.57%. This was followed by a drastic decline in 2020, with the operating profit margin plunging to -44.52%, indicating a significant loss in operating efficiency and profitability. The negative operating profit margin in 2020 is a concerning trend, suggesting that the company faced challenges that year.

However, there was a notable turnaround in 2021, as the operating profit margin improved to -15.64%, although it remained negative. This improvement indicated some progress in recovering from the previous year's downturn. In 2022, the operating profit margin further worsened to -19.05%, suggesting ongoing difficulties for the company in maintaining profitability.

The most recent data for 2023 shows a significant improvement in the operating profit margin, reaching 22.56%. This positive development indicates a substantial recovery and enhancement in the company's operational efficiency and profitability. Overall, the fluctuating trend in Las Vegas Sands Corp's operating profit margin highlights the company's varying financial performance and its ability to overcome challenges in different fiscal years.