Madison Square Garden Sports Corp (MSGS)
Total asset 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 |
| Total assets | US$ in thousands | 1,472,970 | 1,346,290 | 1,315,020 | 1,301,970 | 1,309,940 |
| Total asset turnover | 0.71 | 0.76 | 0.67 | 0.63 | 0.32 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,039,220K ÷ $1,472,970K
= 0.71
The total asset turnover ratio for Madison Square Garden Sports Corp demonstrates a generally positive trend over the analyzed period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the ratio stood at 0.32, indicating that the company generated approximately $0.32 in revenue for every dollar of total assets employed. This ratio increased significantly by June 30, 2022, reaching 0.63, effectively nearly doubling from the previous year, which suggests improved efficiency in utilizing its assets to generate revenue.
The upward trend continued into June 30, 2023, with the ratio rising further to 0.67, signifying ongoing enhancement in asset utilization. The pace of growth persisted into June 30, 2024, when the ratio reached 0.76, representing the highest point in the observed period. This indicates a relatively strong increase in revenue generation relative to total assets over this year.
However, by June 30, 2025, the ratio slightly declined to 0.71. Despite this marginal decrease, the ratio remains substantially higher than the 2021 figure, reflecting sustained efficiency improvements, though with a slight plateauing or minor reduction in asset turnover efficiency in the final year.
Overall, the progression of the total asset turnover ratio over this four-year span highlights a significant enhancement in how Madison Square Garden Sports Corp efficiently uses its assets to produce revenue, with notable gains observed early and sustained through 2024, followed by a modest decline in 2025. This trend indicates a successful period of asset utilization improvement, though the slight dip at the end could warrant further analysis to identify underlying factors affecting operational efficiency.
Peer comparison
Jun 30, 2025