Madison Square Garden Sports Corp (MSGS)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 53.51 | 102.13 | 104.30 | 116.90 | 62.43 | 99.89 | 111.73 | 100.19 | 60.36 | 68.15 | 66.70 | 77.72 | 44.44 | 152.42 | 141.86 | 148.16 | 126.64 | 129.13 | 295.42 | 538.37 | |
| Number of days of payables | days | 6.82 | 3.57 | 3.50 | 3.12 | 5.85 | 3.65 | 3.27 | 3.64 | 6.05 | 5.36 | 5.47 | 4.70 | 8.21 | 2.39 | 2.57 | 2.46 | 2.88 | 2.83 | 1.24 | 0.68 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 53.51
= 6.82
The analysis of Madison Square Garden Sports Corp’s days of payables over the period examined reveals fluctuation with some discernible patterns. Initially, at September 30, 2020, the company maintained an average of approximately 0.68 days of payables, indicating swift settlement periods. This figure increased modestly during 2020 and into March 2021, reaching approximately 2.83 days and 2.88 days, respectively, reflecting a slight extension in payment deferrals.
Throughout 2021, the days of payables remained relatively stable, averaging around 2.46 to 2.57 days, before experiencing a notable increase in the second quarter of 2022, where it rose sharply to approximately 8.21 days. This spike suggests a period of delayed payments or changes in payables management strategies. Subsequently, the figure decreased to approximately 4.70 days by September 2022 and stayed within a moderate range through the end of the year, with values oscillating between 5.36 and 5.47 days.
In 2023, the days of payables saw some variability, starting at around 3.64 days in September 2023, decreasing slightly to 3.27 days by December 2023, but then increasing again to approximately 3.65 days by March 2024. Mid-2024 demonstrated an uptick to roughly 5.85 days in June, followed by a decline to about 3.12 days as of September 2024. The trend stabilized somewhat in late 2024 with values around 3.50 days, maintaining a relatively consistent payment pattern.
Looking ahead, projections indicate fluctuations continuing into 2025, with the days of payables expected to resume an upward trajectory, reaching approximately 6.82 days by June 2025. Overall, the data depicts a pattern characterized by periods of rapid payables settlement interspersed with phases of extended payment duration, potentially reflecting strategic shifts, cash flow management decisions, or changes in vendor payment terms over the analyzed timeframe.
Peer comparison
Jun 30, 2025