MSGS (Madison Square Garden Sports) ROCE % : 23.27% (As of Jun. 2024)

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What is Madison Square Garden Sports ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Madison Square Garden Sports's annualized ROCE % for the quarter that ended in Jun. 2024 was 23.27%.

Madison Square Garden Sports ROCE % Historical Data

The historical data trend for Madison Square Garden Sports's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Madison Square Garden Sports ROCE % Chart

Madison Square Garden Sports Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-4.74

-8.36

9.49

13.61

16.46

Madison Square Garden Sports Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-2.79	-13.46	16.01	37.76	23.27

Madison Square Garden Sports ROCE % Calculation

Madison Square Garden Sports's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	133.257	/	( ( (1315.017 - 520.528)	+	(1346.292 - 521.982) )	/ 2 )
	=	133.257	/	( (794.489	+	824.31)	/ 2 )
	=	133.257	/	809.3995
	=	16.46 %

Madison Square Garden Sports's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	196.2	/	( ( (1388.471 - 526.555)	+	(1346.292 - 521.982) )	/ 2 )
	=	196.2	/	( ( 861.916	+	824.31 )	/ 2 )
	=	196.2	/	843.113
	=	23.27 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Madison Square Garden Sports (NYSE:MSGS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Madison Square Garden Sports ROCE % Related Terms

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Madison Square Garden Sports Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Madison Square Garden Sports Corp (NYSE:MSGS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MS8:Germany

Address

Two Penn Plaza, New York, NY, USA, 10121

Website

https://www.msgsports.com

Madison Square Garden Sports Corp owns and operates a portfolio of assets featuring some of the recognized sports teams, including the Knicks of the NBA and the Rangers of the NHL. It generates revenue from several sources: ticket sales and a portion of suite rental fees at The Garden and others. It has one operating and reportable segment and one reporting unit for goodwill impairment testing purposes.

Executives

Alexander Shvartsman	officer: SVP, Controller & PAO	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
James Lawrence Dolan	director, officer: Executive Chairman, other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
David G. Hopkinson	officer: President & COO	C/O TILRAY, INC., 655 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065
David Granville-smith	officer: Executive Vice President	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Jamaal T Lesane	officer: EVP and General Counsel	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Quentin F Dolan	director	11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
Joseph Cohen	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Dolan Leinauer Corby	other: Trustee of 13D Group Member	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Lawrence J. Burian	officer: EVP, GC and Secretary	TWO PENN PLAZA, NEW YORK NY 10121
Stephen Mills	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Ivan G Seidenberg	director	VERIZON COMMUNICATIONS INC, 140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Anthony J Vinciquerra	director	FOX ENTERTAINMENT GROUP, INC., 10201 WEST PICO BLVD, LOS ANGELES CA 90035
Philip Gerard D'ambrosio	officer: SVP, Treasurer	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Richard D Parsons	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Andrew Lustgarten	officer: President	TWO PENN PLAZA, NEW YORK NY 10121