Madison Square Garden Sports Corp (MSGS)
Total asset 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 |
| Total assets | US$ in thousands | 1,346,290 | 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 | 1,233,800 | 4,309,590 | 4,081,560 | 3,961,630 |
| Total asset turnover | 0.76 | 0.65 | 0.63 | 0.65 | 0.66 | 0.81 | 0.81 | 0.74 | 0.76 | 0.68 | 0.57 | 0.39 | 0.42 | 0.30 | 0.37 | 0.61 | 0.60 | 0.20 | 0.28 | 0.37 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,027,149K ÷ $1,346,290K
= 0.76
Total asset turnover measures the efficiency of Madison Square Garden Sports Corp in generating revenue from its total assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more effectively to generate sales.
Based on the data provided in the table, Madison Square Garden Sports Corp's total asset turnover ratio has shown fluctuations over the past few quarters. The ratio ranged from a low of 0.20 in March 2020 to a high of 0.81 in both March and December 2023.
The trend indicates that the company's ability to generate revenue from its total assets has varied over time. It is essential for investors and analysts to closely monitor this ratio to assess the company's operational efficiency and performance in utilizing its assets effectively to drive sales.
In interpreting these fluctuations, further analysis of the company's operations, business strategy, and industry trends would be necessary to determine the underlying reasons for the changes in the total asset turnover ratio.
Peer comparison
Jun 30, 2024