Las Vegasnds (XSWX:LVS) Receivables Turnover : 6.64 (As of Mar. 2024)

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What is Las Vegasnds Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Las Vegasnds's Revenue for the three months ended in Mar. 2024 was CHF2,629 Mil. Las Vegasnds's average Accounts Receivable for the three months ended in Mar. 2024 was CHF396 Mil. Hence, Las Vegasnds's Receivables Turnover for the three months ended in Mar. 2024 was 6.64.

Las Vegasnds Receivables Turnover Historical Data

The historical data trend for Las Vegasnds's Receivables Turnover 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.

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Las Vegasnds Receivables Turnover Chart

Las Vegasnds Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.38

4.96

19.03

17.61

26.88

Las Vegasnds Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															7.11	7.55	7.70	6.55	6.64

Competitive Comparison of Las Vegasnds's Receivables Turnover

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

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

* The bar in red indicates where Las Vegasnds's Receivables Turnover falls into.

Las Vegasnds Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	8969.706	/ (	(248.737	+	418.563)	/	2 )
=	8969.706	/	333.65
=	26.88

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

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2629.367	/ (	(418.563	+	373.212)	/	2 )
=	2629.367	/	395.8875
=	6.64

Las Vegasnds (XSWX:LVS) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Las Vegasnds Receivables Turnover Related Terms

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Las Vegasnds (XSWX:LVS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LVS:USA LVS:Mexico 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.