Las Vegasnds (FRA:LCR) Asset Turnover: 0.17 (As of Mar. 2026)


FRA:LCR Las Vegas Sands Corp FRA:LCR
78 GF Score
Price €41.10
GF Value €60.27
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Las Vegasnds Asset Turnover?

Las Vegasnds FRA:LCR -1.58% 78 Asset Turnover is 0.17 as of Mar. 2026. GuruFocus rates FRA:LCR with a GF Score™ of 78/100 and a GF Value™ of €60.27 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Las Vegasnds's Revenue for the three months ended in Mar. 2026 was €3,101 Mil. Las Vegasnds's Total Assets for the quarter that ended in Mar. 2026 was €18,518 Mil. Therefore, Las Vegasnds's Asset Turnover for the quarter that ended in Mar. 2026 was 0.17.

Asset Turnover is linked to ROE % through Du Pont Formula. Las Vegasnds's annualized ROE % for the quarter that ended in Mar. 2026 was 163.89%. It is also linked to ROA % through Du Pont Formula. Las Vegasnds's annualized ROA % for the quarter that ended in Mar. 2026 was 10.59%.

Las Vegasnds  (FRA:LCR) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Las Vegasnds's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=1961.82/1197.065
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1961.82 / 12404.1)*(12404.1 / 18518.46)*(18518.46/ 1197.065)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.82 %*0.6698*15.4699
=ROA %*Equity Multiplier
=10.59 %*15.4699
=163.89 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Las Vegasnds's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=1961.82/18518.46
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1961.82 / 12404.1)*(12404.1 / 18518.46)
=Net Margin %*Asset Turnover
=15.82 %*0.6698
=10.59 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

* 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.

Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

Las Vegasnds Asset Turnover Related Terms

Las Vegasnds Asset Turnover Historical Data

* Premium members only.

The historical data trend for Las Vegasnds's Asset 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.

Las Vegasnds Asset Turnover Chart

Las Vegasnds Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.22 0.20 0.47 0.54 0.58

Las Vegasnds Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.14 0.15 0.17 0.17

FRA:LCR vs MGM, WYNN, BYD: Asset Turnover Comparison

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

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

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


FRA:LCR
78GF Score
Las Vegas Sands Corp FRA:LCR
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Las Vegasnds Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Las Vegasnds's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=11116.518/( (19736.03+18719.68)/ 2 )
=11116.518/19227.855
=0.58

Las Vegasnds's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=3101.025/( (18719.68+18317.24)/ 2 )
=3101.025/18518.46
=0.17

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.17 mean?
Las Vegasnds (FRA:LCR) has a Asset Turnover of 0.17 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Las Vegasnds and its competitors.
Is Las Vegasnds' Asset Turnover too high?
Las Vegasnds' current Asset Turnover is 0.17. Overall, Las Vegasnds has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Las Vegasnds' Asset Turnover compare to MGM and WYNN?
Las Vegasnds' Asset Turnover of 0.17 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Travel & Leisure company?
A good Asset Turnover depends on the Travel & Leisure industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Las Vegasnds and its competitors. Las Vegasnds's current Asset Turnover is 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Las Vegasnds stock overvalued right now?
Based on GuruFocus' analysis, Las Vegasnds (FRA:LCR) is currently considered Significantly Undervalued. The stock's GF Value™ is €60.27, compared to a current price of €41.10 — trading 31.8% below its estimated fair value. The current Asset Turnover is 0.17. Las Vegasnds' overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Las Vegasnds (FRA:LCR), the current Asset Turnover is 0.17 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Las Vegasnds (FRA:LCR) Overvalued in 2026?

Based on GuruFocus' analysis, Las Vegasnds stock appears to be undervalued. The current stock price of €41.10 is trading 31.8% below its estimated GF Value™ of €60.27. GuruFocus considers Las Vegasnds to be Significantly Undervalued.

Key valuation signals for FRA:LCR:

  • Asset Turnover: 0.17
  • GF Value™: €60.27 vs. price of €41.10 (31.8% below fair value)
  • GF Score™: 78/100 with 2 warning signs

No single metric tells the full story. See the FRA:LCR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Las Vegasnds Business Description

Address 5420 S. Durango Drive, Las Vegas, NV, USA, 89113
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. After the sale of its Vegas assets, Sands generates all its EBITDA from Asia, with its casino operations generating the majority of sales.
78GF Score

Get the complete analysis for FRA:LCR

Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€41.10
Price
€60.27
GF Value