Madison Square Garden Sports Corp (MSGS)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 884,446 | 849,045 | 799,350 | 803,037 | 805,155 | 818,193 | 793,083 | 743,978 | 737,826 | 754,058 | 652,196 | 465,319 | 496,029 | -303,666 | 57,346 | 516,269 | 711,164 | 1,757,600 | 1,677,003 | 1,680,437 |
| Inventory | US$ in thousands | — | — | 59,013 | 72,633 | 24,829 | 24,134 | 44,748 | 64,822 | 18,810 | 22,675 | 34,741 | 55,196 | 23,858 | 34,494 | 57,035 | 38,297 | 33,455 | 214,514 | 108,351 | 113,483 |
| Inventory turnover | — | — | 13.55 | 11.06 | 32.43 | 33.90 | 17.72 | 11.48 | 39.23 | 33.26 | 18.77 | 8.43 | 20.79 | -8.80 | 1.01 | 13.48 | 21.26 | 8.19 | 15.48 | 14.81 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $884,446K ÷ $—K
= —
Madison Square Garden Sports Corp's inventory turnover ratio has shown significant variability over the past several quarters. The highest inventory turnover ratios were observed in the quarters ending in June 2023 and March 2023, indicating that the company was able to effectively manage its inventory levels and convert them into sales multiple times during those periods.
On the other hand, the inventory turnover ratio for the quarter ending in March 2021 was negative, which suggests that there may have been issues with inventory management or sales performance during that period. Negative inventory turnover typically indicates that sales were declining or inventory levels were excessive.
Overall, the trend in inventory turnover ratios for Madison Square Garden Sports Corp has been mixed, with some periods demonstrating efficient management of inventory while others showing potential challenges. Further analysis of the underlying factors driving these fluctuations would be necessary to provide a more in-depth assessment of the company's inventory management practices.
Peer comparison
Jun 30, 2024
Jun 30, 2024