Las Vegas Sands Corp (LVS)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	1,221,000	670,000	51,000	-551,000	1,832,000	1,878,000	1,749,000	1,847,000	-961,000	-1,137,000	-1,334,000	-1,962,000	-1,685,000	-757,000	341,000	2,115,000	2,698,000	1,899,000	1,937,000	1,539,000
Total assets	US$ in thousands	21,778,000	22,124,000	22,270,000	22,715,000	22,039,000	21,469,000	22,059,000	22,247,000	20,059,000	19,892,000	20,378,000	20,541,000	20,807,000	20,982,000	21,695,000	21,167,000	23,199,000	22,427,000	22,594,000	22,313,000
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,221,000K ÷ $21,778,000K
= 5.61%

Las Vegas Sands Corp's Return on Assets (ROA) has exhibited fluctuations over the past eight quarters. In Q4 2023, the ROA stood at 5.61%, showing a significant improvement compared to the previous quarter's 3.03%. This suggests that the company was more efficient in generating profits from its assets during that period.

Furthermore, the ROA had been on a declining trend since Q1 2023, reaching a low of 0.23% in Q2 2023, indicating a decrease in the company's ability to generate earnings relative to its total assets. However, the negative ROA of -2.43% in Q1 2023 suggests that the company experienced challenges in utilizing its assets effectively to generate profits during that quarter.

Comparing the most recent ROA to the same quarter in the previous year, Las Vegas Sands Corp's performance has shown a decline from 8.31% in Q4 2022 to 5.61% in Q4 2023. This indicates a reduction in profitability relative to its asset base over the year.

Overall, Las Vegas Sands Corp's ROA trend suggests varying levels of efficiency in utilizing its assets to generate earnings over the quarters, with fluctuations in performance that may require further investigation into the company's operational and financial strategies.