Madison Square Garden Sports Corp (MSGS)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | 26.95 | 33.01 | 11.26 | 10.77 | 20.59 | 31.80 | 9.31 | 10.98 | 19.44 | 43.30 | 17.56 | — | 363.02 | 27.08 | 17.17 | 44.55 | 23.58 | 24.65 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | 35.38 | 34.01 | 21.44 | 27.91 | 56.58 | 52.52 | 45.75 | 53.29 | 80.65 | 27.96 | 11.94 | 3.73 | 55.60 | 43.10 | 30.54 |
| Number of days of payables | days | — | — | — | — | — | 3.67 | 3.65 | 3.13 | 5.57 | 1.61 | 1.68 | 1.33 | 1.64 | — | 7.47 | 0.92 | 1.18 | 4.09 | 9.05 | 5.73 |
| Cash conversion cycle | days | 0.00 | 0.00 | 26.95 | 33.01 | 11.26 | 42.47 | 50.96 | 50.12 | 31.64 | 65.95 | 70.28 | 87.72 | 69.21 | 80.65 | 383.50 | 38.09 | 19.72 | 96.06 | 57.62 | 49.46 |
June 30, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle for Madison Square Garden Sports Corp has varied significantly over the periods analyzed. The cash conversion cycle represents the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
The company achieved a cash conversion cycle of 0.00 days in the most recent two quarters, indicating efficient management in converting its resources into cash. However, the cycle was notably longer in the previous quarters, peaking at 383.50 days in December 2020, which could be a red flag for potential liquidity issues or inefficiencies in managing working capital.
It is important to note that a shorter cash conversion cycle generally indicates better liquidity and operational efficiency, as the company is able to quickly turn its investments into cash. Conversely, a longer cycle may suggest that the company is facing challenges in managing its working capital effectively.
Overall, Madison Square Garden Sports Corp should continue to closely monitor and manage its cash conversion cycle to ensure optimal use of its resources and maintain strong financial health.
Peer comparison
Jun 30, 2024