Madison Square Garden Sports Corp (MSGS)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | -266,310 | -293,955 | -339,189 | -358,543 | -337,234 | -333,780 | -387,750 | -173,362 | -147,089 | -179,762 | -212,090 | -234,417 | -204,308 | -257,738 | -268,009 | -242,846 | -206,986 | 2,555,080 | 2,658,320 | 2,525,540 |
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -6.93% | -0.90% | -1.44% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $58,771K ÷ $-266,310K
= —
Based on the data provided, Madison Square Garden Sports Corp's return on equity (ROE) is not available for the periods ending June 30, 2024, March 31, 2024, December 31, 2023, September 30, 2023, June 30, 2023, March 31, 2023, December 31, 2022, September 30, 2022, June 30, 2022, and March 31, 2022.
For the periods ending December 31, 2021, September 30, 2021, June 30, 2021, and March 31, 2021, the ROE was negative, with values of -1.44%, -0.90%, and -6.93% respectively. This suggests that the company had a net loss in those periods relative to its equity.
It is important to note that a negative ROE can be a cause for concern as it indicates that the company is not generating sufficient profits compared to the level of shareholder equity invested in the business. Management should investigate the reasons behind the negative ROE and take appropriate actions to improve profitability and efficiency.
Overall, the trend of negative ROE in recent periods highlights the challenges faced by Madison Square Garden Sports Corp in terms of generating returns for its shareholders. Further analysis of the company's financial performance and operational strategies would be necessary to provide a more in-depth assessment of the situation.
Peer comparison
Jun 30, 2024