Madison Square Garden Sports Corp (MSGS)
Total asset 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 |
| Total assets | US$ in thousands | 1,346,290 | 1,315,020 | 1,301,970 | 1,309,940 | 1,233,800 |
| Total asset turnover | 0.76 | 0.66 | 0.76 | 0.42 | 0.60 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,027,150K ÷ $1,346,290K
= 0.76
Madison Square Garden Sports Corp's total asset turnover has fluctuated over the past five years, indicating varying levels of efficiency in generating sales from its total assets. The company's total asset turnover ratio was at 0.76 in both June 2024 and June 2022, reflecting a relatively stable performance in these years. In June 2023, the ratio decreased to 0.66, suggesting a decrease in sales generated from total assets compared to the previous year.
However, the most significant change occurred in June 2021 when the total asset turnover ratio dropped to 0.42, indicating a notable decrease in efficiency in utilizing total assets to generate revenue. This decline may signal challenges or inefficiencies in the company's operations during that period.
Subsequently, in June 2020, the total asset turnover ratio improved to 0.60, showing a partial recovery in asset utilization efficiency compared to the previous year.
Overall, Madison Square Garden Sports Corp's total asset turnover ratio has shown fluctuations, emphasizing the importance of closely monitoring and analyzing this metric to assess the company's operational efficiency and performance in utilizing its total assets to generate sales.
Peer comparison
Jun 30, 2024