Las Vegas Sands Corp (LVS)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 2,383,000 | 2,688,000 | -345,000 | -1,138,000 | 3,579,000 |
| Long-term debt | US$ in thousands | 13,526,000 | 15,140,000 | 15,060,000 | 15,150,000 | 13,210,000 |
| Total stockholders’ equity | US$ in thousands | 4,118,000 | 3,881,000 | 1,996,000 | 2,973,000 | 5,187,000 |
| Return on total capital | 13.51% | 14.13% | -2.02% | -6.28% | 19.45% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $2,383,000K ÷ ($13,526,000K + $4,118,000K)
= 13.51%
Las Vegas Sands Corp's return on total capital has fluctuated over the past five years, indicating varying efficiency in generating returns from its total capital employed. In 2023, the return on total capital stood at 12.89%, reflecting a significant improvement from the negative figures recorded in the previous two years. This suggests that the company was able to more effectively utilize its total capital to generate profits. However, back in 2020 and 2021, the company experienced negative returns on total capital, indicating challenges in efficiently deploying its capital to generate sufficient returns. Overall, Las Vegas Sands Corp's return on total capital has shown inconsistency over the years, with room for improvement in optimizing its capital utilization for better profitability.
Peer comparison
Dec 31, 2023