Las Vegas Sands Corp (LVS)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,221,000	1,832,000	-961,000	-1,685,000	2,698,000
Total stockholders’ equity	US$ in thousands	4,118,000	3,881,000	1,996,000	2,973,000	5,187,000
ROE		29.65%	47.20%	-48.15%	-56.68%	52.01%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,221,000K ÷ $4,118,000K
= 29.65%

Las Vegas Sands Corp's return on equity (ROE) has fluctuated significantly over the past five years, demonstrating a volatile trend. In 2023, the ROE stands at 29.65%, showing a decline from the previous year's figure of 47.20%. Despite this decrease, the current ROE indicates that the company generated a return of 29.65% on shareholder equity for the year, which is still a positive sign.

The ROE was negative in both 2021 and 2020, with figures of -48.15% and -56.68% respectively. A negative ROE suggests that the company was not able to generate profit from the shareholders' equity during these years, which is a concerning trend. However, the significant improvement from -56.68% in 2020 to 47.20% in 2022 indicates a remarkable turnaround in the company's performance.

The ROE of 52.01% in 2019 was a standout year for Las Vegas Sands Corp, showcasing a strong ability to generate profit from the shareholders' equity. Overall, the fluctuating trend in ROE indicates the company's varying success in utilizing shareholder funds to generate profits over the years, with the most recent figure showing a positive but slightly diminishing return compared to the previous year.