Madison Square Garden Sports Corp (MSGS)
Return on total capital
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 146,038 | 114,970 | 87,918 | -76,814 | -157,334 |
| Long-term debt | US$ in thousands | 275,000 | 295,000 | 220,000 | 355,000 | 350,000 |
| Total stockholders’ equity | US$ in thousands | -266,310 | -337,234 | -147,089 | -204,308 | -206,986 |
| Return on total capital | 1,680.53% | — | 120.58% | -50.97% | -110.01% |
June 30, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $146,038K ÷ ($275,000K + $-266,310K)
= 1,680.53%
Madison Square Garden Sports Corp's return on total capital has demonstrated significant fluctuations over the past five years. In the recent fiscal year ending June 30, 2024, the return on total capital surged to an impressive 1,680.53%, indicating a substantial increase in the company's ability to generate profits from its total capital employed.
However, the lack of data for the fiscal year ending June 30, 2023, limits the ability to observe the trend over successive years. In the fiscal year ending June 30, 2022, the return on total capital was positive at 120.58%, showcasing a strong performance in utilizing its capital effectively to generate returns.
Conversely, in the fiscal years ending June 30, 2021 and 2020, Madison Square Garden Sports Corp experienced negative returns on total capital of -50.97% and -110.01% respectively, suggesting challenges in generating profits relative to the capital invested.
Overall, the recent surge in return on total capital in 2024 indicates a positive turn for Madison Square Garden Sports Corp, but further analysis would be required to understand the underlying reasons behind these fluctuations and to assess the sustainability of this improved performance.
Peer comparison
Jun 30, 2024