Las Vegas Sands Corp (LVS)
Return on total capital
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 2,381,000 | 2,383,000 | 2,688,000 | -345,000 | -1,138,000 |
| Long-term debt | US$ in thousands | 13,353,000 | 13,526,000 | 15,140,000 | 15,060,000 | 15,150,000 |
| Total stockholders’ equity | US$ in thousands | 2,884,000 | 4,118,000 | 3,881,000 | 1,996,000 | 2,973,000 |
| Return on total capital | 14.66% | 13.51% | 14.13% | -2.02% | -6.28% |
December 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $2,381,000K ÷ ($13,353,000K + $2,884,000K)
= 14.66%
Las Vegas Sands Corp's return on total capital experienced fluctuations over the years. In December 2020 and December 2021, the company reported negative returns on total capital, indicating that the company was not effectively generating profits from its capital investments during those periods.
However, there was a significant improvement in December 2022 when the return on total capital stood at 14.13%. This suggests that the company's profitability relative to its total capital investment improved substantially, indicating better efficiency in utilizing its resources to generate profits.
The positive trend continued in December 2023 and December 2024, with return on total capital reaching 13.51% and 14.66% respectively. These consecutive increases reflect the company's ability to maintain and enhance its profitability over time, demonstrating efficient capital allocation and operational performance.
Overall, Las Vegas Sands Corp's return on total capital showed volatility but exhibited a positive trend towards improved profitability and effective capital utilization in recent years.
Peer comparison
Dec 31, 2024