Madison Square Garden Sports Corp (MSGS)
Working capital 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 current assets | US$ in thousands | 216,942 | 250,645 | 215,633 | 200,796 | 149,233 | 261,931 | 207,937 | 220,002 | 205,269 | 264,069 | 218,555 | 165,951 | 185,246 | 202,364 | 175,480 | 96,100 | 128,278 | 1,742,090 | 1,405,170 | 1,335,760 |
| Total current liabilities | US$ in thousands | 521,982 | 526,555 | 560,437 | 553,727 | 520,528 | 510,564 | 482,960 | 522,148 | 438,299 | 454,487 | 451,798 | 429,773 | 368,278 | 348,553 | 348,148 | 312,444 | 290,254 | 886,722 | 870,005 | 860,222 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1.02 | 2.10 | 3.08 |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,027,149K ÷ ($216,942K – $521,982K)
= —
The working capital turnover ratio for Madison Square Garden Sports Corp has been steadily increasing over the past few periods. The ratio indicates how efficiently the company is using its working capital to generate sales revenue. The increase in the ratio suggests that the company is managing its working capital more effectively and is able to generate higher sales relative to its working capital.
However, it is important to note that the working capital turnover ratio for the most recent period (as of the available data) is not provided. Without this specific data point, it is difficult to provide a detailed analysis of the current efficiency of the company's working capital management. Continuing to monitor this ratio in future periods will be important to assess the ongoing effectiveness of the company's working capital management strategies.
Peer comparison
Jun 30, 2024