Madison Square Garden Sports Corp (MSGS)
Receivables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,039,220 | 1,027,150 | 887,447 | 821,354 | 415,721 |
| Receivables | US$ in thousands | 29,437 | 80,090 | 74,029 | 76,948 | 53,696 |
| Receivables turnover | 35.30 | 12.82 | 11.99 | 10.67 | 7.74 |
June 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,039,220K ÷ $29,437K
= 35.30
The receivables turnover ratio of Madison Square Garden Sports Corp has exhibited a notable upward trend over the period under review. As of June 30, 2021, the ratio was 7.74, indicating that the company collected its average receivables approximately 7.74 times during that fiscal year. By June 30, 2022, this ratio increased significantly to 10.67, reflecting an improved efficiency in receivables collection. The upward trajectory continued through June 30, 2023, reaching a ratio of 11.99, which suggests further enhancement in collection processes or changes in revenue recognition practices.
The trend persists into June 30, 2024, with the receivables turnover rising to 12.82, indicating the company is able to convert its receivables into cash more frequently within the fiscal year. The most substantial increase is observed in June 30, 2025, with the ratio soaring to 35.30. This dramatic rise signifies a substantial improvement in collection efficiency, potentially due to tighter credit policies, improved customer payment behaviors, or changes in revenue structure.
Overall, the continual increase in the receivables turnover ratio suggests that Madison Square Garden Sports Corp has been increasingly effective at converting its receivables into cash over time. This enhanced efficiency reduces the average accounts receivable balance relative to sales, bolstering liquidity and potentially improving cash flow management.
Peer comparison
Jun 30, 2025