Las Vegas Sands Corp (LVS)
Profitability ratios
Return on sales
| 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 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% |
| 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% |
| Pretax margin | 15.09% | 10.18% | 2.83% | -6.60% | 48.32% | 51.59% | 47.96% | 45.97% | -22.82% | -26.60% | -33.76% | -71.57% | -56.50% | -13.47% | 5.38% | 21.58% | 22.78% | 22.50% | 22.59% | 18.63% |
| 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% |
Las Vegas Sands Corp has shown a positive trend in its profitability ratios over the quarters analyzed. The gross profit margin has been consistently improving, starting at 36.77% in Q1 2022 and reaching 49.78% in Q4 2023. This indicates that the company has been effectively managing its cost of goods sold and improving its overall operational efficiency.
The operating profit margin has also shown a significant improvement over the quarters, increasing from -22.94% in Q2 2022 to 22.56% in Q4 2023. This trend signifies that Las Vegas Sands Corp has been able to control its operating expenses and generate more profit from its core business operations.
Similarly, the pretax margin and net profit margin have both turned positive in the recent quarters, implying that the company has been able to generate higher profits after accounting for taxes and other expenses. The net profit margin, in particular, has shown significant growth from 45.39% in Q2 2022 to 11.77% in Q4 2023.
Overall, Las Vegas Sands Corp has demonstrated improving profitability across its operations, driven by better cost management and higher revenue generation. This trend suggests a positive outlook for the company's financial performance in the coming quarters.
Return on investment
| 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 return on assets (Operating ROA) | 10.62% | 6.50% | 2.57% | -0.49% | -3.59% | -3.56% | -4.09% | -4.02% | -3.43% | -3.37% | -4.30% | -7.28% | -6.69% | -1.62% | 4.99% | 12.91% | 15.94% | 16.22% | 16.20% | 15.97% |
| Return on assets (ROA) | 5.61% | 3.03% | 0.23% | -2.43% | 8.31% | 8.75% | 7.93% | 8.30% | -4.79% | -5.72% | -6.55% | -9.55% | -8.10% | -3.61% | 1.57% | 9.99% | 11.63% | 8.47% | 8.57% | 6.90% |
| Return on total capital | 13.51% | 9.53% | 5.50% | 2.15% | 14.13% | 15.39% | 14.14% | 12.99% | -2.02% | -2.98% | -3.89% | -7.75% | -6.28% | -1.84% | 4.69% | 18.09% | 19.45% | 20.29% | 20.42% | 17.31% |
| Return on equity (ROE) | 29.65% | 14.72% | 1.18% | -13.58% | 47.20% | 48.15% | 41.73% | 40.78% | -48.15% | -54.09% | -53.55% | -73.40% | -56.68% | -23.66% | 9.17% | 47.12% | 52.01% | 35.44% | 34.84% | 27.86% |
Las Vegas Sands Corp's profitability ratios show fluctuating performance over the quarters analyzed.
1. Operating return on assets (Operating ROA) has been steadily improving from Q1 2023 to Q4 2023, indicating the company's ability to generate profit from its assets through operations.
2. Return on assets (ROA) shows a mixed trend with negative values in Q1 and Q2 2023, a significant drop from the previous year. However, it rebounds in Q4 2023, indicating improved efficiency in asset utilization.
3. Return on total capital reveals similar trends to ROA, with negative values in Q1 and Q2 2023. The ratio surpasses 10% in Q4 2023, reflecting a positive return for capital providers.
4. Return on equity (ROE) demonstrates significant fluctuations, with a sharp decline in Q2 and Q3 2023 before rebounding in Q4 2023. The ratios exceed 40% in most quarters, showcasing the company's ability to generate profit for its equity shareholders.
Overall, Las Vegas Sands Corp's profitability ratios indicate improvements in asset utilization and return on investments, albeit with some quarter-to-quarter variability. Continued monitoring of these ratios is advised to assess the company's ongoing financial performance and sustainability.