National Storage REIT (ASX:NSR) Total Inventories: A$1.6 Mil (As of Dec. 2025)


ASX:NSR National Storage REIT ASX:NSR
56 GF Score
Price A$2.79
GF Value A$2.62
Valuation Fairly Valued
! 11 Warning Signs
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What is National Storage REIT Total Inventories?

National Storage REIT ASX:NSR 56 Total Inventories is A$1.6 Mil as of Dec. 2025. GuruFocus rates ASX:NSR with a GF Score™ of 56/100 and a GF Value™ of A$2.62 (Fairly Valued). The stock has 11 warning signs investors should review.

National Storage REIT's total inventories for the quarter that ended in Dec. 2025 was A$1.6 Mil. National Storage REIT's average total inventories from the quarter that ended in Jun. 2025 to the quarter that ended in Dec. 2025 was A$1.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. National Storage REIT's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was A$-3.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. National Storage REIT's Days Inventory for the six months ended in Dec. 2025 was 10.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. National Storage REIT's Inventory Turnover for the quarter that ended in Dec. 2025 was 18.19.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. National Storage REIT's Inventory-to-Revenue for the quarter that ended in Dec. 2025 was 0.01.


National Storage REIT  (ASX:NSR) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

National Storage REIT's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 is

Net-Net Working Capital Per Share (Q: Dec. 2025 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(284.4+0.75 * 10+0.5 * 1.6-2491
-0-3362.3)/1404.060
=-3.96

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

National Storage REIT's Days Inventory for the six months ended in Dec. 2025 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2025 )/Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=1.55/28.2*365 / 2
=10.03

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

National Storage REIT's Inventory Turnover for the quarter that ended in Dec. 2025 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2025 ) / Average Total Inventories (Q: Dec. 2025 )
=28.2 / 1.55
=18.19

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

National Storage REIT's Inventory to Revenue for the quarter that ended in Dec. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=1.55 / 187.9
=0.01

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


National Storage REIT Total Inventories Related Terms


National Storage REIT Total Inventories Historical Data

* Premium members only.

The historical data trend for National Storage REIT's Total Inventories 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.

National Storage REIT Total Inventories Chart

National Storage REIT Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.32 1.85 2.11 1.59 1.50

National Storage REIT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Total Inventories 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 1.79 1.59 1.60 1.50 1.60
ASX:NSR
56GF Score
National Storage REIT ASX:NSR
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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National Storage REIT Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of A$1.6 Mil mean?
National Storage REIT (ASX:NSR) has a Total Inventories of A$1.6 Mil as of Dec. 2025. The total amount of inventory as recorded on a company's balance sheet. View historical data for National Storage REIT and its competitors.
Is National Storage REIT's Total Inventories too high?
National Storage REIT's current Total Inventories is A$1.6 Mil. Overall, National Storage REIT has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Storage REIT's Total Inventories compare to PLD and PSA?
National Storage REIT's Total Inventories of A$1.6 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a REITs company?
A good Total Inventories depends on the REITs industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for National Storage REIT and its competitors. National Storage REIT's current Total Inventories is A$1.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Storage REIT stock overvalued right now?
Based on GuruFocus' analysis, National Storage REIT (ASX:NSR) is currently considered Fairly Valued. The stock's GF Value™ is A$2.62, compared to a current price of A$2.79 — trading 6.5% above its estimated fair value. The current Total Inventories is A$1.6 Mil. National Storage REIT's overall GF Score™ is 56/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For National Storage REIT (ASX:NSR), the current Total Inventories is A$1.6 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Storage REIT (ASX:NSR) Overvalued in 2026?

Based on GuruFocus' analysis, National Storage REIT stock appears to be overvalued. The current stock price of A$2.79 is trading 6.5% above its estimated GF Value™ of A$2.62. GuruFocus considers National Storage REIT to be Fairly Valued.

Key valuation signals for ASX:NSR:

  • Total Inventories: A$1.6 Mil
  • GF Value™: A$2.62 vs. price of A$2.79 (6.5% above fair value)
  • GF Score™: 56/100 with 11 warning signs

No single metric tells the full story. See the ASX:NSR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Storage REIT Business Description

Industry Real EstateREITs
Address 1 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000
National Storage REIT is the largest self-storage operator in Australia and New Zealand. Majority of its income is derived from rents. Additional revenue streams come from ancillary products and services such as packaging materials, locks, and insurance. The REIT owns most of the centers it operates, and leases roughly a dozen of the sites secured under long-term agreements. The self-storage industry is fragmented, with three large players in National Storage, the listed Abacus Storage King, and privately owned Kennards, accounting for about one-third of the market. The rest are independent operators, with a single center or a small state-based portfolio of assets. Besides organic rent increases, the company's key growth drivers are acquisitions and developments.
56GF Score

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Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$2.79
Price
A$2.62
GF Value