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