Madison Square Garden Entertainment (Madison Square Garden Entertainment) Days Inventory : 1.84 (As of Dec. 2023)

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What is Madison Square Garden Entertainment Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Madison Square Garden Entertainment's Average Total Inventories for the three months ended in Dec. 2023 was $4.1 Mil. Madison Square Garden Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was $202.8 Mil. Hence, Madison Square Garden Entertainment's Days Inventory for the three months ended in Dec. 2023 was 1.84.

The historical rank and industry rank for Madison Square Garden Entertainment's Days Inventory or its related term are showing as below:

MSGE' s Days Inventory Range Over the Past 10 Years
Min: 1.94 Med: 2.18 Max: 8.47
Current: 2.3

During the past 4 years, Madison Square Garden Entertainment's highest Days Inventory was 8.47. The lowest was 1.94. And the median was 2.18.

MSGE's Days Inventory is ranked better than
89.66% of 667 companies
in the Travel & Leisure industry
Industry Median: 36.02 vs MSGE: 2.30

Madison Square Garden Entertainment's Days Inventory increased from Dec. 2022 (1.26) to Dec. 2023 (1.84). It might indicate that Madison Square Garden Entertainment's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Madison Square Garden Entertainment's Inventory Turnover for the three months ended in Dec. 2023 was 49.60.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Madison Square Garden Entertainment's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.

Madison Square Garden Entertainment Days Inventory Historical Data

The historical data trend for Madison Square Garden Entertainment's Days Inventory 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 Entertainment Days Inventory Chart

Madison Square Garden Entertainment Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Days Inventory

8.47

2.18

1.94

Madison Square Garden Entertainment Quarterly Data
	Jun20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial						1.26	2.27	2.58	2.66	1.84

Competitive Comparison of Madison Square Garden Entertainment's Days Inventory

For the Leisure subindustry, Madison Square Garden Entertainment's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Madison Square Garden Entertainment's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Madison Square Garden Entertainment's Days Inventory distribution charts can be found below:

* The bar in red indicates where Madison Square Garden Entertainment's Days Inventory falls into.

Madison Square Garden Entertainment Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Madison Square Garden Entertainment's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (2.752	+	2.557)	/	2 )	/	499.929	*	365
=	2.6545					/	499.929	*	365
=	1.94

Madison Square Garden Entertainment's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.361	+	4.815)	/	2 )	/	202.761	*	365 / 4
=	4.088					/	202.761	*	365 / 4
=	1.84

Madison Square Garden Entertainment (NYSE:MSGE) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Madison Square Garden Entertainment's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	202.761	/	4.088
	=	49.60

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Madison Square Garden Entertainment's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.088	/	402.666
	=	0.01

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Madison Square Garden Entertainment Days Inventory Related Terms

Thank you for viewing the detailed overview of Madison Square Garden Entertainment's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Madison Square Garden Entertainment (Madison Square Garden Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Madison Square Garden Entertainment Corp (NYSE:MSGE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Pennsylvania Plaza, New York, NY, USA, 10121

Website

https://www.msgentertainment.com

Madison Square Garden Entertainment Corp provides live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The company's portfolio includes a collection of world-renowned venues - New York's Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre - that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the company features the original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for 89 years.

Executives

Madison Square Garden Entertainment Corp.	10 percent owner, other: See Remarks	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Thomas Charles Dolan	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Donna Coleman	director	2 PENNSYLVANIA PLAZA, NEW YORK NY 10121
Martin Bandier	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Quentin F Dolan	director	11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
Charles P Dolan	director	2 PENN PLAZA, NEW YORK NY 10121
Ryan Thomas Dolan	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Paul Joseph Dolan	other: Trustee of 13(d) Group Member	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Mary S Dolan	other: Trustee of 13(d) Group Member	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Ryan Dolan 1989 Trust	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Tara Dolan 1989 Trust	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Kathleen M. Dolan	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Deborah Dolan-sweeney	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Thomas C. Dolan	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Marianne Dolan Weber	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112