Las Vegas Sands Corp (LVS)
Return on equity (ROE)
| 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 | -1,020,000 | -961,000 | -1,685,000 |
| Total stockholders’ equity | US$ in thousands | 2,884,000 | 4,118,000 | 3,881,000 | 1,996,000 | 2,973,000 |
| ROE | 50.14% | 29.65% | -26.28% | -48.15% | -56.68% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,446,000K ÷ $2,884,000K
= 50.14%
Las Vegas Sands Corp's return on equity (ROE) has shown fluctuating trends over the past five years. As of December 31, 2020, the company reported a negative ROE of -56.68%, indicating that the company's net income was insufficient to generate positive returns relative to shareholders' equity. This negative ROE improved slightly to -48.15% by December 31, 2021, but still remained in the negative territory.
However, there was a substantial turnaround in the company's performance by December 31, 2022, as the ROE surged to 47.20%, reflecting a significant improvement in profitability and efficiency in utilizing shareholders' equity. This positive trend continued into December 31, 2023, with an ROE of 29.65%, albeit at a slightly lower level than the previous year.
By December 31, 2024, Las Vegas Sands Corp's ROE further increased to 50.14%, indicating a strong profitability and effectiveness in generating returns for shareholders in that particular year. Overall, the company has experienced a mix of negative and positive ROE figures over the period, with notable improvements in recent years, signaling enhanced efficiency and profitability in utilizing shareholders' equity.
Peer comparison
Dec 31, 2024