Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Extra Space Storage's accounts receivables for the quarter that ended in Dec. 2023 was $135 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Extra Space Storage's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 15.41.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Extra Space Storage's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-60.89.
Extra Space Storage Accounts Receivable Historical Data
The historical data trend for Extra Space Storage's Accounts Receivable 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.
Extra Space Storage Accounts Receivable Calculation
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
Extra Space Storage Accounts Receivable Explanation
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.
Extra Space Storage's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Extra Space Storage's accounts receivable are only considered to be worth 75% of book value:
Extra Space Storage's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:
* 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
Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.
If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.
Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.
Extra Space Storage Accounts Receivable Related Terms
Thank you for viewing the detailed overview of Extra Space Storage's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Extra Space Storage (Extra Space Storage) Business Description
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 2,400 self-storage properties in 41 states, with over 180 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
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