Las Vegasnds (BUE:LVS) ROCE % : 14.23% (As of Sep. 2024)

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What is Las Vegasnds ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Las Vegasnds's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.23%.

Las Vegasnds ROCE % Historical Data

The historical data trend for Las Vegasnds's ROCE % 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 ROCE % Chart

Las Vegasnds Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.14

-8.28

-5.33

-4.78

20.12

Las Vegasnds Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															19.44	17.96	25.62	16.18	14.23

Las Vegasnds ROCE % Calculation

Las Vegasnds's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	936073.001	/	( ( (3694838.248 - 654170.282)	+	(7861858.007 - 1596342.001) )	/ 2 )
	=	936073.001	/	( (3040667.966	+	6265516.006)	/ 2 )
	=	936073.001	/	4653091.986
	=	20.12 %

Las Vegasnds's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	2212763.904	/	( ( (18906691.23 - 3016939.457)	+	(20296976.108 - 5085174.777) )	/ 2 )
	=	2212763.904	/	( ( 15889751.773	+	15211801.331 )	/ 2 )
	=	2212763.904	/	15550776.552
	=	14.23 %

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

Las Vegasnds (BUE:LVS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Las Vegasnds ROCE % Related Terms

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Las Vegasnds Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LVS:USA LVS:Mexico 0QY4:UK LCR:Germany LCR:Germany L1VS34:Brazil LVSC:Austria

Address

5420 S. Durango Drive, Las Vegas, NV, USA, 89113

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. We expect Sands to open a fourth tower in Singapore in 2031. Its Venetian and Palazzo Las Vegas assets in the US were sold to Apollo and VICI in 2022. With the sale of its Vegas assets, the company generates all its EBITDA from Asia, with its casino operations generating the majority of sales.