Las Vegas Sands Corp (LVS)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	4,118,000	4,553,000	4,330,000	4,056,000	3,881,000	3,900,000	4,191,000	4,529,000	1,996,000	2,102,000	2,491,000	2,673,000	2,973,000	3,199,000	3,720,000	4,489,000	5,187,000	5,359,000	5,560,000	5,525,000
ROE		29.65%	14.72%	1.18%	-13.58%	47.20%	48.15%	41.73%	40.78%	-48.15%	-54.09%	-53.55%	-73.40%	-56.68%	-23.66%	9.17%	47.12%	52.01%	35.44%	34.84%	27.86%

December 31, 2023 calculation

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

Las Vegas Sands Corp's return on equity (ROE) has exhibited fluctuations over the past eight quarters, ranging from a low of -13.58% in Q1 2023 to a high of 48.15% in Q3 2022. The company's ROE in Q4 2023 stood at 29.65%, indicating a strong performance in generating profit relative to shareholders' equity in that quarter.

The trend in the ROE figures suggests that Las Vegas Sands Corp experienced a significant improvement in profitability from Q1 2023 to Q3 2022, where ROE exceeded 40% in most quarters. However, the ROE declined in Q2 and Q3 2023 before rebounding in Q4 2023.

Overall, Las Vegas Sands Corp's ROE performance has been relatively strong, with a mix of positive and negative trends observed in the recent quarters. Investors may want to monitor future ROE figures to assess the company's profitability and efficiency in generating returns for its shareholders.