Madison Square Garden Sports Corp (MSGS)
Inventory turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 886,024 | 806,774 | 739,717 | 498,679 | 711,164 |
| Inventory | US$ in thousands | — | 24,829 | 18,810 | 23,858 | 33,455 |
| Inventory turnover | — | 32.49 | 39.33 | 20.90 | 21.26 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $886,024K ÷ $—K
= —
Madison Square Garden Sports Corp's inventory turnover has varied over the past five years. The inventory turnover ratio measures how many times a company sells and replaces its inventory within a specific period, indicating efficiency in managing inventory.
In 2020, the inventory turnover was 21.26, and it increased to 20.90 in 2021. However, in 2022, there was a notable improvement as the ratio jumped to 39.33 and further increased to 32.49 in 2023. Unfortunately, data for 2024 is unavailable for comparison.
The increasing trend in inventory turnover from 2020 to 2023 suggests that Madison Square Garden Sports Corp has been managing its inventory more efficiently, selling products more frequently or managing stock levels better. This could be indicative of effective inventory management practices, potentially leading to reduced holding costs and improved cash flow. However, a lack of current data makes it difficult to provide a comprehensive analysis for the most recent period.
Overall, the trend in inventory turnover for Madison Square Garden Sports Corp indicates a positive shift towards better inventory management and operational efficiency over the past few years.
Peer comparison
Jun 30, 2024