National Storage REIT (ASX:NSR) Accounts Receivable : A$7.4 Mil (As of Dec. 2023)

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What is National Storage REIT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. National Storage REIT's accounts receivables for the quarter that ended in Dec. 2023 was A$7.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. National Storage REIT's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 8.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. National Storage REIT's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-3.29.

National Storage REIT Accounts Receivable Historical Data

The historical data trend for National Storage REIT'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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National Storage REIT Accounts Receivable Chart

National Storage REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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3.77

4.04

2.89

3.65

3.82

National Storage REIT Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															16.10	3.65	16.89	3.82	7.40

National Storage REIT Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

National Storage REIT 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.

National Storage REIT's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.397	/	164.029	*	91
=	8.23

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), National Storage REIT's accounts receivable are only considered to be worth 75% of book value:

National Storage REIT'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)
=	(49.851	+	0.75 * 7.397	+	0.5 * 1.794	-	1408.323
-	0	-	3125.548)	/	1361.13
=	-3.29

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.

National Storage REIT Accounts Receivable Related Terms

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National Storage REIT (ASX:NSR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » National Storage REIT (ASX:NSR) » Definitions » Accounts Receivable

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NTSGF:USA

Address

1 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.nationalstorageinvest.com.au

National Storage REIT is the largest self-storage provider in Australia and New Zealand. Most of its properties are owned and operated, but it also has long-term leaseholds. Most NSR centres are in city fringe, suburban and regional areas. The industry is fragmented, mostly comprising single site owners, while the largest three players, NSR, privately owned Kennards, and the listed Abacus Storage King operate over a third of the market. NSR plans to continue acquiring and developing self-storage centres, consolidating the fragmented industry, as well generating organic growth via dynamic pricing and occupancy management. However, its large rivals are competing via similar strategies.