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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%.
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.
Madison Square Garden Sports Annual Data | |||||||||||||||||||||
Trend | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | Jun24 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -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'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.
* 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.
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.
Thank you for viewing the detailed overview of Madison Square Garden Sports's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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