Madison Square Garden Sports Corp (MSGS)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 58,771 | 24,023 | 38,525 | 46,792 | 47,793 | 84,238 | 56,362 | 49,716 | 51,131 | 73,563 | 54,528 | -1,942 | -13,954 | -142,093 | -265,590 | -130,824 | -182,388 | -177,100 | -23,800 | -36,342 |
| 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 |
| ROA | 4.37% | 1.73% | 2.82% | 3.43% | 3.63% | 6.18% | 4.33% | 3.69% | 3.93% | 5.39% | 4.04% | -0.15% | -1.07% | -10.89% | -20.55% | -10.73% | -14.78% | -4.11% | -0.58% | -0.92% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $58,771K ÷ $1,346,290K
= 4.37%
Madison Square Garden Sports Corp's return on assets (ROA) has fluctuated over the periods analyzed, ranging from negative double digits to positive single digits. ROA provides insight into the company's ability to generate profits from its assets.
The trend shows variability, with strong performances in some periods such as 6.18% in Mar 31, 2023, and 5.39% in Mar 31, 2022. However, there are also periods with negative ROA, indicating challenges in generating profits relative to its asset base.
Overall, the company's ROA has shown some instability, possibly due to changes in the business environment, investment decisions, or operational efficiency. It would be important to further investigate the factors contributing to these fluctuations to assess the company's overall financial performance and efficiency in utilizing its assets.
Peer comparison
Jun 30, 2024