Madison Square Garden Sports Corp (MSGS)
Payables 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 |
| Payables | US$ in thousands | — | — | 11,263 | 2,226 | 2,301 |
| Payables turnover | — | — | 65.68 | 224.02 | 309.07 |
June 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $886,024K ÷ $—K
= —
The payables turnover ratio for Madison Square Garden Sports Corp has been fluctuating over the past five years. In 2020, the company had a payables turnover ratio of 309.07, indicating that it paid off its accounts payable 309 times during that year. This high turnover ratio suggests that the company was efficiently managing its accounts payable by paying them off quickly.
However, in 2021 and 2022, the payables turnover ratio decreased significantly to 224.02 and 65.68, respectively. This decline suggests that the company took longer to pay off its accounts payable during these years, possibly indicating a change in payment policies or cash flow constraints.
The lack of data for 2023 and 2024 prevents a direct comparison or trend analysis for these years. It would be crucial to have more recent data to assess the company's current payables turnover performance accurately. Nonetheless, the fluctuations in the payables turnover ratio over the past five years indicate changes in the company's accounts payable management and liquidity position. Further analysis would be necessary to understand the underlying reasons for these fluctuations and their implications for the company's financial health.
Peer comparison
Jun 30, 2024