Las Vegas Sands Corp (LVS) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Las Vegas Sands Corp (LVS) has a cash flow conversion efficiency ratio of 0.623x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($1.20 Billion) by net assets ($1.93 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See LVS net asset quality index to measure how much of total assets are equity-financed.
Las Vegas Sands Corp - Cash Flow Conversion Efficiency Trend (2002–2025)
This chart illustrates how Las Vegas Sands Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check LVS cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Las Vegas Sands Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Las Vegas Sands Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
SANDVIK AB SP.ADR
F:SVK
|
0.046x |
|
Coinbase Global Inc
NASDAQ:COIN
|
0.014x |
|
Yageo Corp
TW:2327
|
0.053x |
|
Heidelberg Materials AG
XETRA:HEI
|
0.169x |
|
China Pacific Insurance Group Co Ltd
SHG:601601
|
0.216x |
|
Fairfax Financial Holdings Ltd
TO:FFH
|
-0.009x |
|
Shinhan Financial Group
KO:055550
|
0.205x |
|
Kenvue Inc.
NYSE:KVUE
|
0.028x |
Annual Cash Flow Conversion Efficiency for Las Vegas Sands Corp (2002–2025)
The table below shows the annual cash flow conversion efficiency of Las Vegas Sands Corp from 2002 to 2025. For the full company profile with market capitalisation and key ratios, see Las Vegas Sands Corp stock valuation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $1.93 Billion | $2.82 Billion | 1.459x | +43.91% |
| 2024-12-31 | $3.16 Billion | $3.20 Billion | 1.014x | +28.95% |
| 2023-12-31 | $4.10 Billion | $3.23 Billion | 0.786x | +461.60% |
| 2022-12-31 | $3.66 Billion | $-795.00 Million | -0.217x | -3358.86% |
| 2021-12-31 | $2.25 Billion | $15.00 Million | 0.007x | +101.80% |
| 2020-12-31 | $3.54 Billion | $-1.31 Billion | -0.371x | -179.43% |
| 2019-12-31 | $6.51 Billion | $3.04 Billion | 0.467x | -33.01% |
| 2018-12-31 | $6.75 Billion | $4.70 Billion | 0.697x | +17.01% |
| 2017-12-31 | $7.63 Billion | $4.54 Billion | 0.596x | +10.41% |
| 2016-12-31 | $7.50 Billion | $4.04 Billion | 0.539x | +31.29% |
| 2015-12-31 | $8.42 Billion | $3.46 Billion | 0.411x | -23.31% |
| 2014-12-31 | $9.02 Billion | $4.83 Billion | 0.536x | +14.66% |
| 2013-12-31 | $9.50 Billion | $4.44 Billion | 0.467x | +32.32% |
| 2012-12-31 | $8.66 Billion | $3.06 Billion | 0.353x | +25.20% |
| 2011-12-31 | $9.44 Billion | $2.66 Billion | 0.282x | +19.62% |
| 2010-12-31 | $7.93 Billion | $1.87 Billion | 0.236x | +156.27% |
| 2009-12-31 | $6.94 Billion | $638.61 Million | 0.092x | +226.07% |
| 2008-12-31 | $4.43 Billion | $124.87 Million | 0.028x | -82.55% |
| 2007-12-31 | $2.26 Billion | $365.46 Million | 0.162x | +270.56% |
| 2006-12-31 | $2.08 Billion | $-196.72 Million | -0.095x | -125.86% |
| 2005-12-31 | $1.61 Billion | $589.92 Million | 0.367x | +29.18% |
| 2004-12-31 | $1.32 Billion | $373.37 Million | 0.284x | -66.46% |
| 2003-12-31 | $162.11 Million | $137.12 Million | 0.846x | -2.23% |
| 2002-12-31 | $100.38 Million | $86.84 Million | 0.865x | -- |
About Las Vegas Sands Corp
Las Vegas Sands Corp., together with its subsidiaries, owns, develops, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, and The Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company's integrated resorts fe… Read more