A Monte-Carlo ray tracing simulator with a graphical user interface (MCRTS-GUI) has been developed to provide a quantitative description, performance evaluation and photon loss analysis of luminescent solar concentrators (LSCs). The algorithm is applied to several practical LSC device structures including multiple dyes in the same waveguiding layer, and structures where a dye layer is sandwiched between clear substrates. The effect of the host matrix absorption and the influence of the neighboring layers are investigated. Validations demonstrate that the MCRTS-GUI developed provides a reliable and accurate description of LSC performance. Code for the mixed-dye single layer configuration is converted into a ray-tracing package with a user-friendly interface and is made available as open source software.