Madison Square Garden Sports Corp (MSGS)
Fixed asset turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,039,220 | 1,062,514 | 1,068,271 | 1,037,410 | 1,027,149 | 926,818 | 879,608 | 906,404 | 887,447 | 935,732 | 890,762 | 826,649 | 821,354 | 793,051 | 638,287 | 377,477 | 415,721 | 261,859 | 502,811 | 1,102,845 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 743,594 | 30,501 | 31,415 | 32,125 | 32,165 | 719,674 | 33,490 | 34,233 | 34,734 | 739,237 | 35,955 | 37,034 | 758,607 |
| Fixed asset turnover | — | — | — | — | — | — | — | 1.22 | 29.10 | 29.79 | 27.73 | 25.70 | 1.14 | 23.68 | 18.65 | 10.87 | 0.56 | 7.28 | 13.58 | 1.45 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,039,220K ÷ $—K
= —
The fixed asset turnover ratio for Madison Square Garden Sports Corp exhibits significant fluctuations over the period analyzed. Initially, on September 30, 2020, the ratio was relatively low at 1.45, indicating limited efficiency in utilizing fixed assets to generate revenue during that period. A substantial increase occurs by December 31, 2020, where the ratio surges to 13.58, suggesting a marked improvement in asset utilization or an increase in revenue relative to fixed assets.
Subsequently, the ratio exhibits variability: it decreases to 7.28 by March 31, 2021, then declines sharply to 0.56 on June 30, 2021, indicating a potential decline in revenue or increase in fixed assets. However, from September 30, 2021, onward, a notable upward trend begins, with the ratio rising to 10.87, then further to 18.65 by December 31, 2021, and continuing to increase markedly to 23.68 on March 31, 2022. The ratio peaks at 29.79 on March 31, 2023, reflecting a period of highly efficient utilization of fixed assets in generating revenue.
Following this peak, the ratio slightly declines to 29.10 by June 30, 2023, and then sharply drops to 1.22 as of September 30, 2023. This recent significant decrease suggests a potential decline in asset efficiency, possibly due to changes in revenue levels, asset base adjustments, or business operational shifts. Data beyond September 2023 are not available.
Overall, the fixed asset turnover for Madison Square Garden Sports Corp displays high volatility, with periods of rapid improvement followed by sharp declines. Such fluctuations could reflect operational changes, strategic reorientations, or contextual factors influencing revenue generation relative to fixed assets during different periods. The recent substantial decline indicates a need for further analysis to understand the underlying causes affecting asset productivity.
Peer comparison
Jun 30, 2025