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Life Storage (Life Storage) Asset Turnover : 0.04 (As of Mar. 2023)


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What is Life Storage Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Life Storage's Revenue for the three months ended in Mar. 2023 was $261 Mil. Life Storage's Total Assets for the quarter that ended in Mar. 2023 was $7,382 Mil. Therefore, Life Storage's Asset Turnover for the quarter that ended in Mar. 2023 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. Life Storage's annualized ROE % for the quarter that ended in Mar. 2023 was 9.08%. It is also linked to ROA % through Du Pont Formula. Life Storage's annualized ROA % for the quarter that ended in Mar. 2023 was 4.42%.


Life Storage Asset Turnover Historical Data

The historical data trend for Life Storage's Asset Turnover 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.

Life Storage Asset Turnover Chart

Life Storage Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.13 0.13 0.13 0.14

Life Storage Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.04 0.04 0.04 0.04

Competitive Comparison of Life Storage's Asset Turnover

For the REIT - Industrial subindustry, Life Storage's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.


Life Storage's Asset Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Life Storage's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Life Storage's Asset Turnover falls into.



Life Storage Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Life Storage's Asset Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=990.948/( (6556.597+7387.73)/ 2 )
=990.948/6972.1635
=0.14

Life Storage's Asset Turnover for the quarter that ended in Mar. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=260.774/( (7387.73+7376.554)/ 2 )
=260.774/7382.142
=0.04

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Life Storage  (NYSE:LSI) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Life Storage's annulized ROE % for the quarter that ended in Mar. 2023 is

ROE %**(Q: Mar. 2023 )
=Net Income/Total Stockholders Equity
=326.432/3593.8215
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(326.432 / 1043.096)*(1043.096 / 7382.142)*(7382.142/ 3593.8215)
=Net Margin %*Asset Turnover*Equity Multiplier
=31.29 %*0.1413*2.0541
=ROA %*Equity Multiplier
=4.42 %*2.0541
=9.08 %

Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Life Storage's annulized ROA % for the quarter that ended in Mar. 2023 is

ROA %(Q: Mar. 2023 )
=Net Income/Total Assets
=326.432/7382.142
=(Net Income / Revenue)*(Revenue / Total Assets)
=(326.432 / 1043.096)*(1043.096 / 7382.142)
=Net Margin %*Asset Turnover
=31.29 %*0.1413
=4.42 %

Note: The Net Income data used here is four times the quarterly (Mar. 2023) net income data. The Revenue data used here is four times the quarterly (Mar. 2023) revenue data.

* 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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Life Storage Asset Turnover Related Terms

Thank you for viewing the detailed overview of Life Storage's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Life Storage (Life Storage) Business Description

Traded in Other Exchanges
N/A
Address
6467 Main Street, Williamsville, NY, USA, 14221
Life Storage Inc (which was rebranded from Sovran Self Storage, Inc in 2016) is a fully integrated, real estate investment trust that acquires and manages self-storage properties throughout the United States. The company operates under the brand names Life Storage. Approximately under half of the company's revenue is derived from stores in the states of Texas and Florida. The remainder of sales is distributed across the United States. The company's operations in rental income from customers renting storage space on a month-to-month basis generate a majority of operating revenue. The company also offers storage to both individuals of commercial renters and has special storage units available for vehicles and wine.
Executives
Joseph Saffire officer: Chief Investment Officer 6467 MAIN STREET, WILLIAMSVILLE NY 14221
Havener Arthur L Jr director 9825 SUNSET GREENS DRIVE, ST. LOUIS MO 63127
Alexander Gress officer: CFO 6467 MAIN STREET, C/O LIFE STORAGE, INC., WILLIAMSVILLE NY 14221
Stephen R Rusmisel director C/O SOVRAN SELF STORAGE, INC, 6467 MAIN STREET, WILLIAMSVILLE NY 14221
Andrew J Gregoire officer: CFO C/O LIFE STORAGE, INC., 6467 MAIN STREET, WILLIAMSVILLE NY 14221
David P. Dodman officer: COO C/O LIFE STORAGE, INC, 6467 MAIN STREET, WILLIAMSVILLE NY 14221
Edward F Killeen officer: EVP Real Estate Management C/O LIFE STORAGE, INC., 6467 MAIN STREET, WILLIAMSVILLE NY 14221
David L Rogers officer: CFO C/O LIFE STORAGE INC, 6467 MAIN STREET, BUFFALO NY 14221
Sue Harnett director P.O. BOX 195115, SAN JUAN PR 00919-5115
Mark G Barberio director 19 WIK STREET, WILLIAMSVILLE NY 14221
Edward J Pettinella director C/O HOME PROPERTIES, 850 CLINTON SQUARE, ROCHESTER NY 14604
Charles E Lannon director C/O LIFE STORAGE INC, 6467 MAIN STREET, BUFFALO NY 14221
Kenneth F Myszka director, officer: President, COO C/O LIFE STORAGE INC, 6467 MAIN STREET, BUFFALO NY 14221
Robert J Attea director, officer: Chairman of Board, CEO C/O LIFE STORAGE INC, 6467 MAIN STREET, BUFFALO NY 14221
Dana Hamilton director C/O ARCHSTONE-SMITH TRUST, 9200 E. PANORAMA CIRCLE, SUITE 400, ENGLEWOOD CO 80112

Life Storage (Life Storage) Headlines

From GuruFocus

Life Storage, Inc. Reviewing Unsolicited Proposal from Public Storage

By Business Wire Business Wire 02-06-2023

Life Storage, Inc. Announces Dividend on Common Stock

By Business Wire Business Wire 04-01-2022