Madison Square Garden Sports Corp (MSGS)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — | 8,236 | 7,924 | 6,378 | 11,263 | 3,324 | 3,009 | 1,692 | 2,226 | 1,554 | 1,174 | 1,303 | 2,301 | 19,696 | 41,602 | 26,398 |
| Payables turnover | — | — | — | — | — | 99.34 | 100.09 | 116.65 | 65.51 | 226.85 | 216.75 | 275.01 | 222.83 | -195.41 | 48.85 | 396.22 | 309.07 | 89.24 | 40.31 | 63.66 |
June 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $884,446K ÷ $—K
= —
The payables turnover ratio measures how efficiently a company is managing its accounts payable by showing how many times a company pays off its suppliers during a specific period. A high payables turnover ratio indicates that the company is paying its suppliers quickly, while a low ratio suggests that the company is taking longer to pay its suppliers.
Based on the data provided, Madison Square Garden Sports Corp's payables turnover ratio fluctuated significantly over the past few quarters. The ratio was negative in some quarters, which could suggest potential issues with accounts payable management or irregularities in reporting.
In Q1 2023, the payables turnover ratio was 99.34, indicating that the company paid off its suppliers approximately 99 times during that quarter. This was followed by a slight increase in Q2 2023 to 100.09, showing continued efficient management of accounts payable.
However, in Q3 2023, the payables turnover ratio significantly dropped to 65.51, suggesting a slowdown in paying off suppliers. This was followed by a substantial increase in Q4 2023 to 226.85, indicating a resurgence in efficiency in managing payables.
The payables turnover ratio peaked in Q1 2022 at 275.01, reflecting a very high rate of paying suppliers, and then decreased significantly in Q2 2022 to 222.83. Interestingly, the ratio became negative in Q3 2022 at -195.41, suggesting either unusual payment patterns or reporting discrepancies.
From Q4 2022 onwards, the payables turnover ratio remained relatively high, indicating a more consistent and efficient approach to managing accounts payable. Overall, Madison Square Garden Sports Corp's payables turnover ratio has shown variability, with some quarters reflecting efficient management and others indicating potential challenges or anomalies.
Peer comparison
Jun 30, 2024