Las Vegas Sands Corp (LVS)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,446,000	1,221,000	1,832,000	-961,000	-1,685,000
Total assets	US$ in thousands	20,666,000	21,778,000	22,039,000	20,059,000	20,807,000
ROA		7.00%	5.61%	8.31%	-4.79%	-8.10%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $1,446,000K ÷ $20,666,000K
= 7.00%

Las Vegas Sands Corp's return on assets (ROA) has shown fluctuations over the past five years. The ROA was negative in December 31, 2020, at -8.10%, indicating that the company was not efficiently utilizing its assets to generate profits. However, the following year saw an improvement with the ROA at -4.79%, although still negative.

In December 31, 2022, Las Vegas Sands Corp experienced a significant turnaround as its ROA surged to 8.31%, indicating a strong performance in utilizing its assets to generate profits. This positive trend continued into December 31, 2023 and 2024, with ROA figures of 5.61% and 7.00% respectively.

Overall, Las Vegas Sands Corp has shown improvement in its ROA over the years, transitioning from negative to positive figures. This indicates that the company's asset utilization efficiency has improved, leading to enhanced profitability from its asset base.