Return on Assets (ROA)
since 2005
Calculation
Las Vegas Sands Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to Las Vegas Sands Corp.1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 8.31% | = | 100 | × | 1,832) | ÷ | 22,039) |
| Dec 31, 2021 | -4.79% | = | 100 | × | (961) | ÷ | 20,059) |
| Dec 31, 2020 | -8.10% | = | 100 | × | (1,685) | ÷ | 20,807) |
| Dec 31, 2019 | 11.63% | = | 100 | × | 2,698) | ÷ | 23,199) |
| Dec 31, 2018 | 10.70% | = | 100 | × | 2,413) | ÷ | 22,547) |
| Dec 31, 2017 | 13.56% | = | 100 | × | 2,806) | ÷ | 20,687) |
| Dec 31, 2016 | 8.16% | = | 100 | × | 1,670) | ÷ | 20,469) |
| Dec 31, 2015 | 9.37% | = | 100 | × | 1,966) | ÷ | 20,987) |
| Dec 31, 2014 | 12.70% | = | 100 | × | 2,841) | ÷ | 22,362) |
| Dec 31, 2013 | 10.15% | = | 100 | × | 2,306) | ÷ | 22,724) |
| Dec 31, 2012 | 6.88% | = | 100 | × | 1,524) | ÷ | 22,164) |
| Dec 31, 2011 | 7.01% | = | 100 | × | 1,560) | ÷ | 22,244) |
| Dec 31, 2010 | 2.85% | = | 100 | × | 599) | ÷ | 21,044) |
| Dec 31, 2009 | -1.72% | = | 100 | × | (354) | ÷ | 20,572) |
| Dec 31, 2008 | -0.95% | = | 100 | × | (164) | ÷ | 17,144) |
| Dec 31, 2007 | 1.02% | = | 100 | × | 117) | ÷ | 11,467) |
| Dec 31, 2006 | 6.20% | = | 100 | × | 442) | ÷ | 7,126) |
| Dec 31, 2005 | 7.31% | = | 100 | × | 284) | ÷ | 3,880) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
- Net income (loss) attributable to Las Vegas Sands Corp.
-
The net income demonstrates notable volatility across the observed period. Starting with positive earnings of 284 million USD in 2005, the figure peaks and troughs frequently. Following a peak in 2006 of 442 million USD, it sharply declines to a loss in 2008 and 2009, reaching a low point at -354 million USD in 2009. Subsequently, the net income recovers strongly, reaching a maximum of 2,841 million USD in 2013. Post-2014, the earnings experience fluctuations with a significant drop to negative values in 2020 and 2021, corresponding with broader economic challenges, before rebounding again in 2022 to 1,832 million USD.
- Total assets
-
Total assets increase substantially from 3,880 million USD in 2005 to a high of 23,199 million USD in 2019. This growth is generally consistent, reflecting expansion or acquisition activity. However, after 2019, total assets decline notably, reaching a low point of 20,059 million USD in 2021, before experiencing a modest recovery in 2022 to 22,039 million USD. Overall, the asset base growth trend is positive with some retrenchment in recent years.
- Return on Assets (ROA)
-
ROA shows significant fluctuation in line with the net income variations. It begins at 7.31% in 2005, dips to slightly negative territory in 2008 and 2009, indicating operating losses relative to assets. The metric recovers well in subsequent years, reaching a peak of 13.56% in 2017. Like net income, ROA declines sharply in 2020 and 2021 to negative values of -8.1% and -4.79% respectively, before returning to positive (8.31%) in 2022. This pattern suggests cyclical profit performance relative to asset usage with vulnerability in periods corresponding to economic disruptions.
Comparison to Competitors
Las Vegas Sands Corp., ROA, long-term trends, comparison to competitors
| Las Vegas Sands Corp. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 8.31% | 11.80% | 12.06% | 12.98% | -13.94% | 12.25% | 11.73% |
| Dec 31, 2021 | -4.79% | -2.57% | 4.93% | 9.81% | -6.87% | 14.01% | 13.38% |
| Dec 31, 2020 | -8.10% | -43.70% | 0.27% | 5.95% | -7.26% | 8.99% | 3.16% |
| Dec 31, 2019 | 11.63% | — | 22.73% | 6.86% | — | 12.68% | 18.73% |
| Dec 31, 2018 | 10.70% | — | 17.62% | 7.79% | — | 18.06% | 18.70% |
| Dec 31, 2017 | 13.56% | — | 9.20% | 8.62% | — | 15.36% | 20.08% |
| Dec 31, 2016 | 8.16% | — | 10.76% | 1.13% | — | 15.11% | 19.66% |
| Dec 31, 2015 | 9.37% | — | 14.65% | 17.45% | — | 11.94% | 22.15% |
| Dec 31, 2014 | 12.70% | — | 16.21% | 17.49% | — | 13.88% | 19.23% |
| Dec 31, 2013 | 10.15% | — | 18.12% | 16.30% | — | 15.25% | 0.07% |
| Dec 31, 2012 | 6.88% | — | 21.61% | 16.66% | — | 15.44% | 16.84% |
| Dec 31, 2011 | 7.01% | — | 26.60% | 15.08% | — | 16.68% | 16.92% |
| Dec 31, 2010 | 2.85% | — | 18.15% | 15.96% | — | 15.47% | 14.81% |
| Dec 31, 2009 | -1.72% | — | 26.69% | 13.19% | — | 15.06% | 7.01% |
| Dec 31, 2008 | -0.95% | — | 14.40% | 9.48% | — | 15.15% | 5.56% |
| Dec 31, 2007 | 1.02% | — | 11.63% | 9.77% | — | 8.15% | 12.59% |
| Dec 31, 2006 | 6.20% | — | 6.74% | 6.86% | — | 12.21% | 12.74% |
| Dec 31, 2005 | 7.31% | — | 25.56% | 9.60% | — | 8.68% | 14.07% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Consumer Services)
Las Vegas Sands Corp., ROA, long-term trends, comparison to sector (consumer services)
| Las Vegas Sands Corp. | Consumer Services | |
|---|---|---|
| Dec 31, 2022 | 8.31% | 10.21% |
| Dec 31, 2021 | -4.79% | 9.37% |
| Dec 31, 2020 | -8.10% | 0.81% |
| Dec 31, 2019 | 11.63% | 15.92% |
| Dec 31, 2018 | 10.70% | 17.84% |
| Dec 31, 2017 | 13.56% | 14.00% |
| Dec 31, 2016 | 8.16% | 14.37% |
| Dec 31, 2015 | 9.37% | 14.62% |
| Dec 31, 2014 | 12.70% | 15.50% |
| Dec 31, 2013 | 10.15% | 12.90% |
| Dec 31, 2012 | 6.88% | 16.48% |
| Dec 31, 2011 | 7.01% | 17.53% |
| Dec 31, 2010 | 2.85% | 15.57% |
| Dec 31, 2009 | -1.72% | 14.40% |
| Dec 31, 2008 | -0.95% | 13.50% |
| Dec 31, 2007 | 1.02% | 8.95% |
| Dec 31, 2006 | 6.20% | 12.01% |
| Dec 31, 2005 | 7.31% | 9.60% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Discretionary)
Las Vegas Sands Corp., ROA, long-term trends, comparison to industry (consumer discretionary)
| Las Vegas Sands Corp. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2022 | 8.31% | 4.81% |
| Dec 31, 2021 | -4.79% | 7.99% |
| Dec 31, 2020 | -8.10% | 4.36% |
| Dec 31, 2019 | 11.63% | 5.57% |
| Dec 31, 2018 | 10.70% | 5.96% |
| Dec 31, 2017 | 13.56% | 4.05% |
| Dec 31, 2016 | 8.16% | 5.57% |
| Dec 31, 2015 | 9.37% | 6.25% |
| Dec 31, 2014 | 12.70% | 4.75% |
| Dec 31, 2013 | 10.15% | 5.52% |
| Dec 31, 2012 | 6.88% | 5.65% |
| Dec 31, 2011 | 7.01% | 9.48% |
| Dec 31, 2010 | 2.85% | 6.05% |
| Dec 31, 2009 | -1.72% | 4.67% |
| Dec 31, 2008 | -0.95% | 0.21% |
| Dec 31, 2007 | 1.02% | 2.85% |
| Dec 31, 2006 | 6.20% | 0.60% |
| Dec 31, 2005 | 7.31% | 3.80% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).