Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Las Vegasnds's annualizedNet Income for the quarter that ended in Mar. 2024 was $1,976 Mil. Las Vegasnds's average total tangible assets for the quarter that ended in Mar. 2024 was $20,921 Mil. Therefore, Las Vegasnds's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 9.45%.
The historical rank and industry rank for Las Vegasnds's Return-on-Tangible-Asset or its related term are showing as below:
LVS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.67 Med: 8.93 Max: 13.71
Current: 7.32
During the past 13 years, Las Vegasnds's highest Return-on-Tangible-Asset was 13.71%. The lowest was -7.67%. And the median was 8.93%.
LVS's Return-on-Tangible-Asset is ranked better than 73.65% of 831
companies
in the Travel & Leisure industry
Industry Median: 2.57
vs LVS: 7.32
Las Vegasnds Return-on-Tangible-Asset Historical Data
The historical data trend for Las Vegasnds's Return-on-Tangible-Asset 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.
Competitive Comparison of Las Vegasnds's Return-on-Tangible-Asset
For the Resorts & Casinos subindustry, Las Vegasnds's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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's Return-on-Tangible-Asset Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Las Vegasnds's Return-on-Tangible-Asset falls into.
Las Vegasnds Return-on-Tangible-Asset Calculation
Las Vegasnds's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2024) net income data.
Las Vegasnds (NYSE:LVS) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Las Vegasnds Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Las Vegasnds's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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