Madison Square Garden Sports Corp (MSGS)

Days of inventory on hand (DOH)

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Inventory turnover 7.40 9.41 7.55 22.10 23.26 11.81 7.65 26.61 22.34 12.29 4.54 11.82 5.82 6.08 18.32
DOH days 49.32 38.80 48.32 16.51 15.69 30.90 47.73 13.72 16.34 29.71 80.37 30.89 62.74 60.02 19.93

June 30, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The analysis of Madison Square Garden Sports Corp's Days of Inventory on Hand (DOH) over the observed periods reveals notable fluctuations. At the end of September 2020, the DOH was approximately 19.93 days, indicating a relatively efficient inventory turnover at that time. Moving into December 2020 and March 2021, the DOH significantly increased to 60.02 and 62.74 days respectively, suggesting an accumulation of inventory or reduced sales velocity during that period.

In the subsequent quarters, the DOH decreased markedly, reaching about 30.89 days by June 2021 and then spiking again to 80.37 days in September 2021. This volatility indicates inconsistent inventory management or shifts in operational dynamics. By December 2021, the DOH declined again to around 29.71 days, reflecting improved turnover.

The trend of decreasing DOH continued into 2022, with values dropping to approximately 16.34 days in March, 13.72 days in June, and then incrementally increasing again to 47.73 days in September. In the following quarter, the number stabilized around 30.90 days in December 2022. Throughout 2023, the DOH hovered around lower levels, with values at 15.69 days in March, 16.51 days in June, and rising again to 48.32 days in September, before slightly decreasing to 38.80 days at the end of December.

Overall, the data demonstrates considerable variability in inventory days, with periods of rapid inventory turnover contrasted by periods of accumulation. The fluctuations could be indicative of seasonal factors, changes in the scope of operations, or strategic shifts in inventory management practices during the analyzed timeframe.


Peer comparison

Jun 30, 2025

Company name
Symbol
DOH
Madison Square Garden Sports Corp
MSGS
Golden Entertainment Inc
GDEN
9.11
Vail Resorts Inc
MTN
102.24
Walt Disney Company
DIS
35.93