Las Vegasnds (Las Vegasnds) EBIT

: $2,962 Mil (TTM As of Mar. 2024)

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Las Vegasnds's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $782 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $2,962 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Las Vegasnds's annualized ROC % for the quarter that ended in Mar. 2024 was 15.71%. Las Vegasnds's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 23.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Las Vegasnds's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.84%.

Las Vegasnds EBIT Historical Data

The historical data trend for Las Vegasnds's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Las Vegasnds Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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4,049.00

-1,353.00

-853.00

-685.00

2,593.00

Las Vegasnds Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															413.00	627.00	771.00	782.00	782.00

Competitive Comparison

For the Resorts & Casinos subindustry, Las Vegasnds's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Las Vegasnds EV-to-EBIT Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Las Vegasnds's EV-to-EBIT falls into.

Las Vegasnds EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,962 Mil.

Las Vegasnds (NYSE:LVS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Las Vegasnds's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	2924 * ( 1 - 2.83% )	/	( (18444	+	17732)	/ 2 )
=	2841.2508	/	18088
=	15.71 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	21778	-	1979	-	( 5105	-	max(0, 4422	-	5777	+	5105	))
=	18444

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	21245	-	2224	-	( 4956	-	max(0, 4267	-	5556	+	4956	))
=	17732

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Las Vegasnds's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3128	/	( ( (13688 + max(-1850, 0))	+	(13386 + max(-1624, 0)) )	/	2 )
=	3128	/	( ( 13688	+	13386 )	/	2 )
=	3128	/	13537
=	23.11 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(484	+	38	+	150)	-	(1979	+	543	+	0)
=	-1850

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(420	+	39	+	141)	-	(2224	+	0	+	0)
=	-1624

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Las Vegasnds's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2962	/	43280.619
	=	6.84 %

Las Vegasnds EBIT Related Terms

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Las Vegasnds (Las Vegasnds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Las Vegas Sands Corp (NYSE:LVS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

LVS:Mexico LCR:Germany LCR:Germany L1VS34:Brazil LVS:Argentina

Address

5500 Haven Street, Las Vegas, NV, USA, 89119

Website

https://www.sands.com

Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. Its Venetian and Palazzo Las Vegas assets in the U.S. were sold to Apollo and VICI for $6.25 billion in 2022. We expect Sands to open a fourth tower in Singapore in 2029. With the sale of its Vegas assets, the company generates all its EBITDA from Asia, with its casino operations generating the majority of sales.

Executives

Miriam Adelson	10 percent owner	5500 HAVEN STREET, LAS VEGAS NV 89119
Charles D Forman	director	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Yibing Mao	director	C/O LAS VEGAS SANDS CORP., 3355 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
Nora M. Jordan	director	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
D. Zachary Hudson	officer: EVP and Global General Counsel	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Xuan Yan	director	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Lawrence A Jacobs	officer: EVP & Global General Counsel	THE NEWS CORPORATION LIMITED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Robert G Goldstein	officer: Senior Vice President	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
George Jamieson	director	C/O LAS VEGAS SANDS CORP, 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Lewis Kramer	director	C/O L-3 COMMUNICATIONS CORPORATION, 600 THIRD AVENUE, NEW YORK NY 10016
Randy Hyzak	officer: SVP, Chief Accounting Officer	C/O FREESCALE SEMICONDUCTOR, INC., 6501 WILLIAM CANNON DRIVE WEST, AUSTIN TX 78735
Patrick Dumont	officer: Principal Financial Officer	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Stephanie Marz	officer: Principal Accounting Officer	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
George Tanasijevich	officer: Pres & CEO, Marina Bay Sands	LAS VEGAS SANDS CORP., 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Ira H Raphaelson	officer: EVP & Global General Counsel	LAS VEGAS SANDS CORP., 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109