Las Vegasnds (BSP:L1VS34) Gross Margin % : 50.63% (As of Mar. 2024)

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What is Las Vegasnds Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Las Vegasnds's Gross Profit for the three months ended in Mar. 2024 was R$7,460 Mil. Las Vegasnds's Revenue for the three months ended in Mar. 2024 was R$14,735 Mil. Therefore, Las Vegasnds's Gross Margin % for the quarter that ended in Mar. 2024 was 50.63%.

The historical rank and industry rank for Las Vegasnds's Gross Margin % or its related term are showing as below:

BSP:L1VS34' s Gross Margin % Range Over the Past 10 Years
Min: 27.93 Med: 48.43 Max: 50.3
Current: 50.3

During the past 13 years, the highest Gross Margin % of Las Vegasnds was 50.30%. The lowest was 27.93%. And the median was 48.43%.

BSP:L1VS34's Gross Margin % is ranked better than
60.13% of 765 companies
in the Travel & Leisure industry
Industry Median: 43.19 vs BSP:L1VS34: 50.30

Las Vegasnds had a gross margin of 50.63% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Las Vegasnds was -0.80% per year.

Las Vegasnds Gross Margin % Historical Data

The historical data trend for Las Vegasnds's Gross Margin % 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 Gross Margin % Chart

Las Vegasnds Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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49.71

27.93

37.98

40.15

49.82

Las Vegasnds Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															48.40	49.13	50.41	50.87	50.63

Competitive Comparison of Las Vegasnds's Gross Margin %

For the Resorts & Casinos subindustry, Las Vegasnds's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Las Vegasnds's Gross Margin % falls into.

Las Vegasnds Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Las Vegasnds's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	25317.3	/	50820.726
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(50820.726 - 25503.459)	/	50820.726
	=	49.82 %

Las Vegasnds's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	7459.7	/	14735.228
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(14735.228 - 7275.488)	/	14735.228
	=	50.63 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Las Vegasnds (BSP:L1VS34) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Las Vegasnds had a gross margin of 50.63% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Las Vegasnds Gross Margin % Related Terms

Thank you for viewing the detailed overview of Las Vegasnds's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Las Vegasnds (BSP:L1VS34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Las Vegas Sands Corp (BSP:L1VS34) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

LVS:USA LVS:Mexico LCR:Germany 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.

Las Vegasnds (BSP:L1VS34) Headlines

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