Madison Square Garden Sports Corp (MSGS)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover — — 13.55 11.06 32.43 33.90 17.72 11.48 39.23 33.26 18.77 8.43 20.79 -8.80 1.01 13.48 21.26 8.19 15.48 14.81
Receivables turnover — — — — — 10.32 10.73 17.02 13.08 6.45 6.95 7.98 6.85 4.53 13.06 30.57 97.87 6.56 8.47 11.95
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
Working capital turnover — — — — — — — — — — — — — — — — — 1.02 2.10 3.08

Madison Square Garden Sports Corp's activity ratios show fluctuations over the reported periods.

1. Inventory Turnover:
- The inventory turnover ratio has varied widely, indicating changes in the efficiency of managing inventory.
- The ratio was significantly high in some periods (e.g., Jun 2023 and Mar 2023), suggesting quick turnover of inventory.
- However, there were also periods with lower turnover rates (e.g., Mar 2022 and Sep 2021), which could indicate potential issues with inventory management.

2. Receivables Turnover:
- The receivables turnover ratio shows fluctuations but generally remained within a moderate range.
- A higher turnover ratio indicates the company collected receivables more frequently, which is generally positive for cash flow.
- An increase in the ratio over time could suggest an improvement in credit management or collection processes.

3. Payables Turnover:
- The payables turnover ratio fluctuated significantly, reaching extremely high levels in some periods.
- High payables turnover ratios could indicate that the company is paying its suppliers quickly.
- However, extreme fluctuations in this ratio may also suggest changes in the company's payment terms or supplier relations.

4. Working Capital Turnover:
- The working capital turnover ratio was inconsistent and generally low, with some periods showing negative values.
- A low or negative ratio could indicate inefficiencies in managing working capital to generate sales.
- Monitoring this ratio over time can help assess how effectively the company is utilizing its working capital to support its operations.

Overall, analyzing these activity ratios can provide insights into Madison Square Garden Sports Corp's operational efficiency, inventory management, and working capital utilization.

Average number of days

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
Days of inventory on hand (DOH) days — — 26.95 33.01 11.26 10.77 20.59 31.80 9.31 10.98 19.44 43.30 17.56 — 363.02 27.08 17.17 44.55 23.58 24.65
Days of sales outstanding (DSO) days — — — — — 35.38 34.01 21.44 27.91 56.58 52.52 45.75 53.29 80.65 27.96 11.94 3.73 55.60 43.10 30.54
Number of days of payables days — — — — — 3.67 3.65 3.13 5.57 1.61 1.68 1.33 1.64 — 7.47 0.92 1.18 4.09 9.05 5.73

Days of inventory on hand (DOH) measures how efficiently a company manages its inventory. It shows the average number of days the company holds inventory before selling it. Madison Square Garden Sports Corp's DOH fluctuated over the periods, indicating variations in inventory management efficiency.

Days of sales outstanding (DSO) reflects how quickly a company collects its accounts receivable. A lower DSO is favorable as it signifies faster cash conversion. Madison Square Garden Sports Corp's DSO varied significantly, with some periods showing improvements in collecting receivables efficiently.

Number of days of payables represents how long it takes a company to pay its suppliers. A longer payable period can indicate better cash flow management. Madison Square Garden Sports Corp had varying payable days, suggesting changes in its supplier payment strategies.

Overall, analyzing Madison Square Garden Sports Corp's activity ratios reveals fluctuations in inventory management, receivables collection, and payable practices over the periods examined, which may indicate changing operational efficiencies and working capital management strategies.

Long-term

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
Fixed asset turnover 35.99 31.10 28.85 29.21 28.35 35.10 32.93 30.89 30.05 27.76 22.63 14.80 15.46 11.02 12.99 19.46 18.63 0.55 0.71 1.00
Total asset turnover 0.76 0.65 0.63 0.65 0.66 0.81 0.81 0.74 0.76 0.68 0.57 0.39 0.42 0.30 0.37 0.61 0.60 0.20 0.28 0.37

The fixed asset turnover ratio for Madison Square Garden Sports Corp has been relatively stable over the past few quarters, ranging from 27.76 to 35.99. This indicates that the company is generating revenue efficiently from its fixed assets, such as property, plant, and equipment. A higher fixed asset turnover ratio implies that the company effectively utilizes its fixed assets to generate sales.

On the other hand, the total asset turnover ratio has shown more variability, fluctuating between 0.30 and 0.81. This ratio measures the efficiency of the company in generating sales from all its assets. The trend in the total asset turnover ratio suggests that there may be fluctuations in how efficiently the company is utilizing all its assets to generate revenue.

Overall, while the fixed asset turnover ratio indicates consistent efficiency in generating revenue from fixed assets, the total asset turnover ratio shows fluctuations in the efficiency of utilizing all assets to generate sales. Continued monitoring of these ratios can provide insights into the company's operational efficiency and asset utilization strategies.