Madison Square Garden Sports Corp (MSGS)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | 10.32 | 10.73 | 17.02 | 13.08 | 6.45 | 6.95 | 7.98 | 6.85 | 4.53 | 13.06 | 30.57 | 97.87 | 6.56 | 8.47 | 11.95 | |
| DSO | days | — | — | — | — | — | 35.38 | 34.01 | 21.44 | 27.91 | 56.58 | 52.52 | 45.75 | 53.29 | 80.65 | 27.96 | 11.94 | 3.73 | 55.60 | 43.10 | 30.54 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
Days Sales Outstanding (DSO) is a key financial metric that indicates the average number of days it takes for a company to collect revenue after a sale has been made. It is a measure of the efficiency of a company's accounts receivable management.
Analyzing Madison Square Garden Sports Corp's DSO trend over the past few quarters, we observe fluctuations in the DSO figure. The DSO was relatively high in the past year, reaching its peak at 80.65 days in March 2021, indicating a longer time taken to collect revenue from sales. This could potentially suggest issues with the company's credit policies, collection process, or customer payment behaviors during that period.
Subsequently, there was a significant improvement in DSO, with a sharp decrease to 11.94 days in September 2020, suggesting a more efficient accounts receivable management process. However, this decrease was followed by some fluctuation in the subsequent quarters, indicating possible variations in payment terms, sales mix, or collection efforts.
In the most recent data available, there is an absence of a specific DSO figure for June 2024. This lack of information makes it challenging to assess the current trend accurately.
Overall, Madison Square Garden Sports Corp should continue monitoring its DSO closely and aim to maintain it at an optimal level to ensure timely collection of receivables and enhance overall cash flow management. A lower DSO typically indicates better liquidity and efficiency in converting sales into cash, which is beneficial for the company's financial health and stability.
Peer comparison
Jun 30, 2024