Madison Square Garden Sports Corp (MSGS)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 146,038 | 81,538 | 83,547 | 106,248 | 85,174 | 121,077 | 100,719 | 85,120 | 86,080 | 41,617 | -11,652 | -85,977 | -78,443 | -102,620 | -100,119 | -61,946 | -93,866 | -104,911 | -72,649 | -84,313 |
| 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 |
| Operating ROA | 10.85% | 5.87% | 6.11% | 7.78% | 6.48% | 8.88% | 7.74% | 6.32% | 6.61% | 3.05% | -0.86% | -6.47% | -5.99% | -7.87% | -7.75% | -5.08% | -7.61% | -2.43% | -1.78% | -2.13% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $146,038K ÷ $1,346,290K
= 10.85%
Operating return on assets (ROA) is a key financial ratio that measures a company's profitability in relation to its total assets. It indicates how efficiently a company is generating profits from its assets.
In the case of Madison Square Garden Sports Corp, the operating ROA has fluctuated over the past few quarters. The trend shows that the company's ability to generate profits from its assets has varied.
The operating ROA for the most recent quarter of Jun 30, 2024, stands at 10.85%, indicating a relatively healthy return compared to the previous quarters. This could suggest improved operational efficiency or better asset utilization during that period.
On the other hand, there were periods, such as in Dec 31, 2021, Sep 30, 2021, and Jun 30, 2021, where the operating ROA was negative, indicating that the company was not generating sufficient profits from its assets during those periods.
Overall, it is crucial for Madison Square Garden Sports Corp to focus on improving and maintaining a positive and increasing trend in its operating ROA to demonstrate effective management of its assets and drive sustainable profitability in the long term.
Peer comparison
Jun 30, 2024