Madison Square Garden Sports Corp (MSGS)
Total asset turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,039,220 | 1,062,514 | 1,068,271 | 1,037,410 | 1,027,149 | 926,818 | 879,608 | 906,404 | 887,447 | 935,732 | 890,762 | 826,649 | 821,354 | 793,051 | 638,287 | 377,477 | 415,721 | 261,859 | 502,811 | 1,102,845 |
| Total assets | US$ in thousands | 1,472,970 | 1,504,500 | 1,412,450 | 1,373,300 | 1,441,850 | 1,388,470 | 1,368,450 | 1,366,080 | 1,315,020 | 1,363,290 | 1,300,870 | 1,345,860 | 1,301,970 | 1,363,770 | 1,349,420 | 1,327,940 | 1,309,940 | 1,304,440 | 1,292,120 | 1,219,370 |
| Total asset turnover | 0.71 | 0.71 | 0.76 | 0.76 | 0.71 | 0.67 | 0.64 | 0.66 | 0.67 | 0.69 | 0.68 | 0.61 | 0.63 | 0.58 | 0.47 | 0.28 | 0.32 | 0.20 | 0.39 | 0.90 |
June 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,039,220K ÷ $1,472,970K
= 0.71
The total asset turnover ratio for Madison Square Garden Sports Corp exhibits notable fluctuations over the analyzed period from September 2020 to June 2025. Initially, the ratio was relatively high at 0.90 in September 2020, indicating efficient utilization of assets to generate revenue. This ratio declined sharply to 0.39 by December 2020 and further decreased to 0.20 by March 2021, reflecting a significant drop in asset efficiency possibly attributable to the disruptions caused by the COVID-19 pandemic, including restrictions on events and attendance.
Subsequently, the ratio experienced some recovery, reaching 0.32 in June 2021 and 0.28 in September 2021, yet remained below pre-pandemic levels. Starting from December 2021, the total asset turnover showed a steady upward trend, increasing to 0.47, then to 0.58 in March 2022, and continuing to improve through 2022 and into 2023, peaking at 0.69 in March 2023. This suggests a gradual normalization of asset utilization and operational efficiency as market conditions stabilized and revenue-generating activities resumed.
From mid-2023 onwards, the ratio stabilized around 0.67 to 0.76, with the highest observed at 0.76 in December 2024. In 2025, the ratio remained largely consistent at approximately 0.71 to 0.71 in June 2025. Overall, the trend indicates a pattern of initial decline during the pandemic, followed by a progressive recovery towards pre-pandemic efficiency levels, with some periods of stabilization and slight fluctuation. The recent ratios imply that the company has regained a significant portion of its asset utilization efficiency, though not necessarily exceeding pre-pandemic metrics.
Peer comparison
Jun 30, 2025