Las Vegas Sands Corp (LVS)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,402,000 | 2,313,000 | -792,000 | -689,000 | -1,393,000 |
| Total assets | US$ in thousands | 20,666,000 | 21,778,000 | 22,039,000 | 20,059,000 | 20,807,000 |
| Operating ROA | 11.62% | 10.62% | -3.59% | -3.43% | -6.69% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $2,402,000K ÷ $20,666,000K
= 11.62%
Las Vegas Sands Corp's operating return on assets (Operating ROA) has shown fluctuations over the years. The company experienced negative operating ROA in 2020, 2021, and 2022, indicating that the company's operating income generated from its assets was lower than the assets' value during those years. However, in 2023 and 2024, the operating ROA turned positive, reaching 10.62% and 11.62%, respectively.
The positive trend in the operating ROA in recent years suggests that Las Vegas Sands Corp has been more efficient in generating operating income from its assets. This improvement could be a result of better asset utilization, cost management, or revenue generation strategies implemented by the company. Overall, the increasing operating ROA indicates that the company is effectively leveraging its assets to drive profitability.
Peer comparison
Dec 31, 2024