Madison Square Garden Sports Corp (MSGS)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | — | 65.68 | 224.02 | 309.07 | |
| Number of days of payables | days | — | — | 5.56 | 1.63 | 1.18 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Madison Square Garden Sports Corp's number of days of payables has shown fluctuations over the past five years. In the most recent fiscal year ending June 30, 2022, the company had 5.56 days of payables, which represents an increase from the previous year. This indicates that it took the company approximately 5.56 days to pay off its accounts payable on average during that year.
Comparing this to the data from the previous years, we observe a significant increase from 1.63 days in 2021 to 5.56 days in 2022. This could suggest a change in the company's payment practices or relationships with suppliers.
It's worth noting that in the two years prior (2020 and 2019), Madison Square Garden Sports Corp had even lower numbers of days of payables, indicating a faster payment cycle during those periods. Overall, a higher number of days of payables can indicate a potential delay in payments to suppliers, while a lower number may suggest efficient management of accounts payable.
Peer comparison
Jun 30, 2024