Madison Square Garden Sports (Madison Square Garden Sports) Operating Income : $83.5 Mil (TTM As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Madison Square Garden Sports Operating Income?

Madison Square Garden Sports's Operating Income for the three months ended in Dec. 2023 was $28.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $83.5 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Madison Square Garden Sports's Operating Income for the three months ended in Dec. 2023 was $28.8 Mil. Madison Square Garden Sports's Revenue for the three months ended in Dec. 2023 was $326.9 Mil. Therefore, Madison Square Garden Sports's Operating Margin % for the quarter that ended in Dec. 2023 was 8.82%.

Madison Square Garden Sports's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Madison Square Garden Sports's annualized ROC % for the quarter that ended in Dec. 2023 was 4.10%. Madison Square Garden Sports's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 17.53%.

Madison Square Garden Sports Operating Income Historical Data

The historical data trend for Madison Square Garden Sports's Operating Income 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 Sports Operating Income Chart

Madison Square Garden Sports Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Operating Income

Get a 7-Day Free Trial

-58.20

-93.87

-78.44

86.08

85.17

Madison Square Garden Sports Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															51.52	81.75	-12.20	-14.82	28.82

Madison Square Garden Sports Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $83.5 Mil.

Madison Square Garden Sports (NYSE:MSGS) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Madison Square Garden Sports's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	115.268 * ( 1 - 43.12% )	/	( (1616.411	+	1582.112)	/ 2 )
=	65.5644384	/	1599.2615
=	4.10 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1366.085	-	102.605	-	( 51.208	-	max(0, 553.727	-	200.796	+	51.208	))
=	1616.411

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1368.449	-	131.141	-	( 37.88	-	max(0, 560.437	-	215.633	+	37.88	))
=	1582.112

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Madison Square Garden Sports's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	129.708	/	( ( (743.594 + max(-341.889, 0))	+	(736.266 + max(-319.335, 0)) )	/	2 )
=	129.708	/	( ( 743.594	+	736.266 )	/	2 )
=	129.708	/	739.93
=	17.53 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(34.809	+	0	+	96.499)	-	(102.605	+	300.44	+	70.152)
=	-341.889

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(72.668	+	0	+	87.751)	-	(131.141	+	257.626	+	90.987)
=	-319.335

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Madison Square Garden Sports's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	28.817	/	326.898
	=	8.82 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Madison Square Garden Sports Operating Income Related Terms

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

Madison Square Garden Sports (Madison Square Garden Sports) Business Description

Industry

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

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 is engaged in live sports and entertainment business. The Company's reportable segment: MSG Entertainment consists of live entertainment events, including concerts and other live events, such as family shows, performing arts and special events.

Executives

David Granville-smith	officer: Executive Vice President	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
David G. Hopkinson	officer: President & COO	C/O TILRAY, INC., 655 MADISON AVENUE, 19TH FLOOR, NEW YORK NY 10065
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
Alexander Shvartsman	officer: SVP, Controller & PAO	TWO PENNSYLVANIA 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
Charles F. Dolan 2019 Grantor Retained Annuity Trust #1m	other: Member of 13D Group	C/O DOLAN FAMILY OFFICE, 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797