Madison Square Garden Sports Corp (MSGS)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 58,771 | 47,793 | 51,131 | -13,954 | -182,388 |
| Total assets | US$ in thousands | 1,346,290 | 1,315,020 | 1,301,970 | 1,309,940 | 1,233,800 |
| ROA | 4.37% | 3.63% | 3.93% | -1.07% | -14.78% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $58,771K ÷ $1,346,290K
= 4.37%
Madison Square Garden Sports Corp's return on assets (ROA) has shown a positive trend over the past five years. The ROA increased steadily from -14.78% in 2020 to 4.37% in 2024, indicating a significant improvement in the company's efficiency in generating profits relative to its total assets. This suggests that the company has been able to effectively utilize its assets to generate earnings for its shareholders. The consistent improvement in ROA reflects better operational efficiency and profitability, which could be attributed to enhanced management strategies and cost control measures implemented by the company. Overall, the positive trend in ROA indicates a favorable outlook for Madison Square Garden Sports Corp in terms of asset utilization and profitability.
Peer comparison
Jun 30, 2024