Madison Square Garden Sports Corp (MSGS)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,027,149 | 903,934 | 856,724 | 883,520 | 864,563 | 1,102,693 | 1,057,723 | 993,610 | 988,315 | 929,519 | 774,755 | 513,945 | 552,189 | 396,279 | 480,900 | 744,927 | 737,739 | 873,835 | 1,123,394 | 1,462,783 |
| Property, plant and equipment | US$ in thousands | 28,541 | 29,062 | 29,697 | 30,244 | 30,501 | 31,415 | 32,125 | 32,165 | 32,892 | 33,490 | 34,233 | 34,734 | 35,716 | 35,955 | 37,034 | 38,281 | 39,597 | 1,581,600 | 1,576,120 | 1,456,060 |
| Fixed asset turnover | 35.99 | 31.10 | 28.85 | 29.21 | 28.35 | 35.10 | 32.93 | 30.89 | 30.05 | 27.76 | 22.63 | 14.80 | 15.46 | 11.02 | 12.99 | 19.46 | 18.63 | 0.55 | 0.71 | 1.00 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,027,149K ÷ $28,541K
= 35.99
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investments in fixed assets such as property, plant, and equipment. A higher fixed asset turnover indicates that the company is more efficient in utilizing its fixed assets to generate sales.
In the case of Madison Square Garden Sports Corp, the fixed asset turnover has shown fluctuations over the past few quarters. For example, in the most recent quarter of June 2024, the fixed asset turnover was 35.99, indicating that the company generated $35.99 in revenue for every dollar invested in fixed assets. This was an improvement from the previous quarter but continued the general upward trend seen over the past few quarters.
It is notable that there were significant fluctuations in fixed asset turnover between the quarters of 2019 and 2021, with values ranging from as low as 0.55 to as high as 35.10. However, there has been a consistent improvement in the ratio since then, suggesting that the company has become more efficient in utilizing its fixed assets to generate revenue.
Overall, the increasing trend in fixed asset turnover for Madison Square Garden Sports Corp indicates improved efficiency in utilizing its fixed assets to generate sales, which can be a positive sign for stakeholders and investors. This could be a result of better asset management strategies or increased revenue-generating activities.
Peer comparison
Jun 30, 2024