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Madison Square Garden Entertainment (Madison Square Garden Entertainment) Total Inventories : $4.8 Mil (As of Dec. 2023)


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What is Madison Square Garden Entertainment Total Inventories?

Madison Square Garden Entertainment's total inventories for the quarter that ended in Dec. 2023 was $4.8 Mil. Madison Square Garden Entertainment's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $4.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Madison Square Garden Entertainment's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-29.34.

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 three months ended in Dec. 2023 was 1.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. Madison Square Garden Entertainment's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.01.


Madison Square Garden Entertainment Total Inventories Historical Data

The historical data trend for Madison Square Garden Entertainment's Total Inventories 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.

* Premium members only.

Madison Square Garden Entertainment Total Inventories Chart

Madison Square Garden Entertainment Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Total Inventories
- 2.23 2.75 2.56

Madison Square Garden Entertainment Quarterly Data
Jun20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 2.49 3.23 2.56 3.36 4.82

Madison Square Garden Entertainment Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Madison Square Garden Entertainment  (NYSE:MSGE) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Madison Square Garden Entertainment's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(35.229+0.75 * 101.955+0.5 * 4.815-1522.322
-0-0)/47.9888
=-29.34

2. 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 three months ended in Dec. 2023 is calculated as:

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

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

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

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=202.761 / 4.088
=49.60

4. 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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=4.088 / 402.666
=0.01

* 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.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Madison Square Garden Entertainment Total Inventories Related Terms

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

Traded in Other Exchanges
N/A
Address
2 Pennsylvania Plaza, New York, NY, USA, 10121
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