Extra Space Storage (FRA:FG8) Accounts Receivable : €124 Mil (As of Dec. 2023)

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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 €124 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 €-55.84.

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.

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Extra Space Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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73.50

81.13

123.54

Extra Space Storage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															81.13	79.09	92.27	123.32	123.54

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:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	123.535	/	731.559	*	91
=	15.41

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:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(90.84	+	0.75 * 123.535	+	0.5 * 0	-	11042.801
-	0	-	938.117)	/	211.279
=	-55.84

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

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Extra Space Storage (FRA:FG8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Extra Space Storage Inc (FRA:FG8) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

EXR:USA FG8:Germany E1XR34:Brazil

Address

2795 East Cottonwood Parkway, Suite 300, Salt Lake City, UT, USA, 84121

Website

http://www.extraspace.com

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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