Madison Square Garden Sports Corp (MSGS)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,027,150 | 864,563 | 988,315 | 552,189 | 737,739 |
| Property, plant and equipment | US$ in thousands | 28,541 | 30,501 | 32,892 | 35,716 | 39,597 |
| Fixed asset turnover | 35.99 | 28.35 | 30.05 | 15.46 | 18.63 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,027,150K ÷ $28,541K
= 35.99
Madison Square Garden Sports Corp's fixed asset turnover has shown positive trends over the past five years. The company's ability to generate revenue from its fixed assets has significantly improved, with the ratio increasing from 18.63 in 2020 to 35.99 in 2024. This indicates that, on average, the company generated $35.99 in revenue for every dollar of fixed assets invested in 2024.
The substantial increase in fixed asset turnover signifies efficient utilization of the company's fixed assets to generate revenue. Madison Square Garden Sports Corp has become more effective in maximizing the productivity of its fixed assets over the years, reflecting operational improvements and potentially better asset management strategies.
Overall, the trend of increasing fixed asset turnover is a positive indicator of Madison Square Garden Sports Corp's operational efficiency and effectiveness in generating revenue from its fixed asset base.
Peer comparison
Jun 30, 2024