Las Vegas Sands Corp (LVS)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	1,446,000	1,504,000	1,609,000	1,568,000	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
Total assets	US$ in thousands	20,666,000	21,354,000	21,113,000	21,245,000	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
ROA		7.00%	7.04%	7.62%	7.38%	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%

December 31, 2024 calculation

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

Las Vegas Sands Corp's return on assets (ROA) has fluctuated over the years, ranging from a high of 9.99% on March 31, 2020, to a low of -9.55% on March 31, 2021. The ROA improved gradually from March 31, 2021, reaching 8.75% on September 30, 2022, before slightly declining to 7.00% on December 31, 2024.

The positive ROA values, especially in recent periods, indicate that Las Vegas Sands Corp has been effective in generating profits relative to its assets. However, the negative ROA values in certain periods suggest that the company's assets may not have been utilized efficiently to generate profits.

Overall, it is essential for investors and management to monitor Las Vegas Sands Corp's ROA consistently to evaluate the company's operational efficiency and financial performance in utilizing its assets to generate returns for shareholders.