Madison Square Garden Sports Corp (MSGS)
Days of inventory on hand (DOH)
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 13.55 | 11.06 | 32.43 | 33.90 | 17.72 | 11.48 | 39.23 | 33.26 | 18.77 | 8.43 | 20.79 | -8.80 | 1.01 | 13.48 | 21.26 | 8.19 | 15.48 | 14.81 | |
| DOH | days | — | — | 26.95 | 33.01 | 11.26 | 10.77 | 20.59 | 31.80 | 9.31 | 10.98 | 19.44 | 43.30 | 17.56 | — | 363.02 | 27.08 | 17.17 | 44.55 | 23.58 | 24.65 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Madison Square Garden Sports Corp's days of inventory on hand (DOH) fluctuated significantly over the past several quarters. In the most recent quarter, the DOH was 26.95 days, indicating the number of days it takes for the company to sell its inventory. This represents an improvement compared to the previous quarter where the DOH was 33.01 days.
Analyzing further, the DOH has shown volatility over the quarters, with the lowest being 9.31 days in June 2022 and the highest being 363.02 days in December 2020. A lower DOH generally suggests efficient inventory management and faster turnover of inventory, while a higher DOH may indicate excess inventory or potential issues with sales.
It is crucial for Madison Square Garden Sports Corp to closely monitor its inventory levels and strive for a balance to avoid potential cash flow issues from tying up capital in excess inventory. Continued analysis and comparison of DOH with industry benchmarks can provide insight into the company's operational efficiency and inventory management practices.
Peer comparison
Jun 30, 2024