Las Vegas Sands Corp (LVS)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,313,000 | 1,437,000 | 572,000 | -112,000 | -792,000 | -764,000 | -903,000 | -895,000 | -689,000 | -670,000 | -877,000 | -1,495,000 | -1,393,000 | -340,000 | 1,082,000 | 2,733,000 | 3,698,000 | 3,638,000 | 3,661,000 | 3,564,000 |
| 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 |
| Operating profit margin | 22.30% | 16.76% | 8.43% | -2.12% | -19.27% | -19.10% | -23.44% | -22.48% | -16.27% | -15.80% | -22.90% | -54.98% | -47.38% | -6.26% | 13.13% | 23.74% | 26.92% | 26.55% | 26.48% | 25.83% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,313,000K ÷ $10,372,000K
= 22.30%
Las Vegas Sands Corp's operating profit margin has shown a fluctuating trend over the past eight quarters. In Q4 2023, the operating profit margin improved significantly to 22.56%, reflecting stronger profitability. This was a positive shift from the previous quarter, Q3 2023, where the margin stood at 17.03%. Notably, the company's profitability had seen a notable decline in Q1 2023, with an operating profit margin of -1.80%, indicating operational challenges.
Looking further back, there was a substantial improvement in the operating profit margin compared to the same period in the previous year (Q4 2022), which had a margin of -19.05%. This implies that Las Vegas Sands Corp has made progress in enhancing operational efficiency and profitability.
It is essential for investors and stakeholders to monitor the company's ability to maintain and further improve its operating profit margin to ensure sustained financial health and corporate performance.
Peer comparison
Dec 31, 2023
See also:
Las Vegas Sands Corp Operating Profit Margin (Quarterly Data)