National Storage Affiliates Trust (National Storage Affiliates Trust) ROCE % : 10.17% (As of Mar. 2024)

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What is National Storage Affiliates Trust ROCE %?

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. National Storage Affiliates Trust's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.17%.

National Storage Affiliates Trust ROCE % Historical Data

The historical data trend for National Storage Affiliates Trust'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.

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National Storage Affiliates Trust ROCE % Chart

National Storage Affiliates Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.44

4.56

5.34

5.72

7.43

National Storage Affiliates Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.84	6.29	6.50	11.44	10.17

National Storage Affiliates Trust ROCE % Calculation

National Storage Affiliates Trust's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	404.725	/	( ( (6070.007 - 599.59)	+	(5931.811 - 501.12) )	/ 2 )
	=	404.725	/	( (5470.417	+	5430.691)	/ 2 )
	=	404.725	/	5450.554
	=	7.43 %

National Storage Affiliates Trust's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	536.364	/	( ( (5931.811 - 501.12)	+	(5366.865 - 248.237) )	/ 2 )
	=	536.364	/	( ( 5430.691	+	5118.628 )	/ 2 )
	=	536.364	/	5274.6595
	=	10.17 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

National Storage Affiliates Trust (NYSE:NSApA.PFD) 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.

National Storage Affiliates Trust ROCE % Related Terms

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National Storage Affiliates Trust (National Storage Affiliates Trust) Business Description

Industry

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NSA:USA NSA:Mexico 4GC:Germany

Address

8400 East Prentice Avenue, 9th Floor, Greenwood Village, CO, USA, 80111

Website

https://www.nationalstorageaffiliates.com

National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. It owned a diversified portfolio of more than 1050 self-storage properties, located in more than 42 states and Puerto Rico, comprising approximately 67.8 million rentable square feet, configured in approximately 533,000 storage units. National Storage's portfolio consists of self-storage properties designed to offer convenient, affordable, and secure storage units.