Madison Square Garden Sports Corp (MSGS)
Fixed asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,039,220 | 1,027,150 | 887,447 | 821,354 | 415,721 |
| Property, plant and equipment | US$ in thousands | — | — | 30,501 | 719,674 | 739,237 |
| Fixed asset turnover | — | — | 29.10 | 1.14 | 0.56 |
June 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,039,220K ÷ $—K
= —
The fixed asset turnover ratio for Madison Square Garden Sports Corp, as of June 30 for the years 2021 through 2024, exhibits a significant and unusual trend. In 2021, the ratio stood at 0.56, indicating that the company generated approximately $0.56 in revenue for each dollar invested in fixed assets. This relatively low level suggests limited utilization or utilization inefficiencies of fixed assets during that period.
By June 30, 2022, the ratio more than doubled to 1.14, reflecting an improvement in how effectively fixed assets contributed to revenue generation. This increase suggests better asset utilization or increased sales relative to the fixed assets owned.
The most notable change occurs by June 30, 2023, when the ratio sharply escalates to 29.10. Such a dramatic rise typically indicates a substantial increase in revenue relative to fixed assets, possibly due to asset disposals, a restructuring that significantly reduced fixed asset base, or extraordinary revenue growth not matched by asset investment. This level of ratio generally exceeds typical industry norms and warrants further investigation to understand underlying causes, such as non-recurring gains or accounting adjustments.
For subsequent years, 2024 and 2025, the data is not available, marked by placeholders, suggesting that the company may not have reported or recognized fixed asset turnover for these periods, or that assets and revenue figures are not yet finalized.
Overall, the progression from 2021 through 2023 demonstrates a remarkable acceleration in fixed asset efficiency, culminating in an extraordinarily high ratio in 2023, which is atypical and likely reflects extraordinary circumstances rather than steady operational improvement.
Peer comparison
Jun 30, 2025