Madison Square Garden Sports Corp (MSGS)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 756,722 | 709,616 | 667,095 | 623,567 | 618,094 | 589,936 | 555,173 | 548,650 | 548,811 | 561,300 | 528,522 | 495,667 | 500,564 | 506,631 | 426,868 | 250,682 | 281,890 | 200,668 | 346,820 | 701,497 |
| Inventory | US$ in thousands | — | — | -1,145 | 84,260 | — | — | 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 |
| Inventory turnover | — | — | — | 7.40 | — | — | 9.41 | 7.55 | 22.10 | 23.26 | 11.81 | 7.65 | 26.61 | 22.34 | 12.29 | 4.54 | 11.82 | 5.82 | 6.08 | 18.32 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $756,722K ÷ $—K
= —
The inventory turnover ratio for Madison Square Garden Sports Corp exhibits notable fluctuations over the specified periods. Initially, the ratio stood at 18.32 as of September 30, 2020, indicating a high rate of inventory utilization relative to sales during that period. Subsequently, there was a substantial decline to 6.08 by December 31, 2020, and further to 5.82 by March 31, 2021, suggesting a significant slowdown in inventory movement, which could reflect either increased inventory levels, decreased sales, or a combination thereof.
From June 30, 2021, the ratio experienced a recovery to 11.82, hinting at an improvement in inventory efficiency. The ratio then declined again to 4.54 by September 30, 2021, indicating a decrease in inventory turnover. Following this, a marked increase was observed, with the ratio reaching 12.29 at the end of 2021, and subsequently surging to 22.34 by March 31, 2022, and further to 26.61 by June 30, 2022, reflecting a period of heightened inventory efficiency or a reduction in inventory levels relative to sales.
However, the ratio declined sharply to 7.65 on September 30, 2022, then increased again to 11.81 on December 31, 2022. The upward trajectory continued, with the ratio hitting 23.26 by March 31, 2023, then slightly decreasing to 22.10 by June 30, 2023. Most recently, the ratio decreased to 7.55 in September 2023, before slight recovery to 9.41 in December 2023. The data for 2024 and beyond are unavailable or not reported.
Overall, the pattern reveals periods of rapid inventory turnover interspersed with phases of decline, which may correspond to operational adjustments, seasonal variations, or changes in sales volume. The significant oscillations highlight the importance of examining broader operational context and inventory management strategies to understand underlying causes better.
Peer comparison
Jun 30, 2025
Jun 30, 2025