Madison Square Garden Sports Corp (MSGS)

Receivables 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
Revenue (ttm) US$ in thousands 1,027,149 903,934 856,724 883,520 864,563 1,102,693 1,057,723 993,610 988,315 929,519 774,755 513,945 552,189 396,279 480,900 744,927 737,739 873,835 1,123,394 1,462,783
Receivables US$ in thousands 106,888 98,560 58,374 75,573 144,085 111,488 64,417 80,617 87,566 36,832 24,369 7,538 133,122 132,640 122,408
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

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,027,149K ÷ $—K
= —

The receivables turnover ratio for Madison Square Garden Sports Corp has varied over the past few quarters, indicating fluctuations in the efficiency of the company in collecting its accounts receivable.

The ratio was significantly high in December 2020, September 2020, and March 2020, suggesting that the company was able to collect its receivables at a faster pace during those periods. However, it dropped in the following quarters, particularly in June 2021 and September 2021, before increasing again in March 2022.

The trend continued with fluctuations in subsequent quarters, reaching a peak in September 2022 and then declining before picking up again in March 2023. The ratio remained relatively consistent in the recent quarters, showing an acceptable level of efficiency in collecting receivables.

Overall, the company's receivables turnover ratio has experienced fluctuations, indicating potential changes in the company's credit policies, customer payment behavior, or effectiveness of its accounts receivable management. It is important for the company to monitor this ratio regularly to ensure efficient management of its receivables.


Peer comparison

Jun 30, 2024

Company name
Symbol
Receivables turnover
Madison Square Garden Sports Corp
MSGS
Golden Entertainment Inc
GDEN
79.68
Vail Resorts Inc
MTN
7.68
Walt Disney Company
DIS
7.18