Madison Square Garden Sports Corp (MSGS)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,027,150 | 864,563 | 988,315 | 552,189 | 737,739 |
| Receivables | US$ in thousands | — | — | 75,573 | 80,617 | 7,538 |
| Receivables turnover | — | — | 13.08 | 6.85 | 97.87 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,027,150K ÷ $—K
= —
The receivables turnover ratio for Madison Square Garden Sports Corp has shown significant variability over the past five years. In 2020, the ratio was exceptionally high at 97.87 times, indicating that the company collected its accounts receivable nearly 98 times during the year. This may have been influenced by specific circumstances or timing of collections.
In 2021, the receivables turnover ratio decreased to 6.85 times, suggesting a slowdown in the collection of accounts receivable compared to the previous year. However, it is important to note that this ratio can be quite volatile based on the specific industry norms and business practices.
By 2022, the receivables turnover ratio increased to 13.08 times, indicating an improvement in the efficiency of collecting accounts receivable compared to the previous year. This could be a positive sign of effective credit management and collection policies.
Unfortunately, data for 2023 and 2024 is not available in the table, so we cannot determine the trend of the receivables turnover ratio in recent years. It is essential for the company to monitor this ratio regularly to ensure efficient management of accounts receivable and timely collection to maintain healthy cash flows.
Peer comparison
Jun 30, 2024