Madison Square Garden Sports Corp (MSGS)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 146,038 | 85,174 | 86,080 | -78,443 | -93,866 |
| Total assets | US$ in thousands | 1,346,290 | 1,315,020 | 1,301,970 | 1,309,940 | 1,233,800 |
| Operating ROA | 10.85% | 6.48% | 6.61% | -5.99% | -7.61% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $146,038K ÷ $1,346,290K
= 10.85%
Madison Square Garden Sports Corp's operating return on assets (Operating ROA) has shown a positive trend over the past five years. The company's operating ROA increased from -7.61% in 2020 to 10.85% in 2024, reflecting a significant improvement in profitability. This positive trend indicates that the company has been able to generate more operating income from its assets over the years. However, it is important to note that the operating ROA fluctuated during this period, with a significant decrease in 2021 followed by an upward trajectory in the subsequent years. Overall, the upward trend in operating ROA indicates improved operational efficiency and profitability for Madison Square Garden Sports Corp.
Peer comparison
Jun 30, 2024