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Extra Space Storage's total inventories for the quarter that ended in Sep. 2024 was $0 Mil. Extra Space Storage's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $0 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Extra Space Storage's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-65.47.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Extra Space Storage's Days Inventory for the three months ended in Sep. 2024 was 0.00.
Inventory Turnover measures how fast the company turns over its inventory within a year.
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. Extra Space Storage's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.
The historical data trend for Extra Space Storage'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.
Extra Space Storage Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
Extra Space Storage Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Total Inventories | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Extra Space Storage (NYSE:EXR) 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.
Extra Space Storage's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is
Net-Net Working Capital Per Share (Q: Sep. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (88.931 | + | 0.75 * 112.748 | + | 0.5 * 0 | - | 13104.434 |
- | 0 | - | 948.07) | / | 211.982 | ||
= | -65.47 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Extra Space Storage's Days Inventory for the three months ended in Sep. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2024 ) | / | Cost of Goods Sold (Q: Sep. 2024 ) | * | Days in Period |
= | 0 | / | 226.545 | * | 365 / 4 | |
= | 0.00 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Extra Space Storage's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Sep. 2024 ) | / | Average Total Inventories (Q: Sep. 2024 ) |
= | 226.545 | / | 0 | |
= | N/A |
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.
Extra Space Storage's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | 0 | / | 824.804 | |
= | 0.00 |
* 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.
Thank you for viewing the detailed overview of Extra Space Storage's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Diane Olmstead | director | 2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121 |
Joseph D Margolis | director | C/O ARSENAL REAL ESTATE FUNDS, 117 ON THE GREEN, 67 PARK PLACE EAST, MORRISTOWN NJ 07960 |
Kenneth M. Woolley | director | 2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121 |
William N Springer | officer: EVP, Assets & 3rd Party Mgmt | 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121 |
Gwyn Goodson Mcneal | officer: EVP/Chief Legal Officer | 2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121 |
Joseph J Bonner | director | 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121 |
Matthew T Herrington | officer: EVP & COO | 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121 |
Samrat Sondhi | officer: SVP Operations | 2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121 |
Joseph Saffire | director | 6467 MAIN STREET, WILLIAMSVILLE NY 14221 |
Mark G Barberio | director | 19 WIK STREET, WILLIAMSVILLE NY 14221 |
Sue Harnett | director | P.O. BOX 195115, SAN JUAN PR 00919-5115 |
Jennifer Blouin | director | 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121 |
Jefferson Scott Shreve | director | 2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121 |
P Scott Stubbs | officer: Senior VP Accounting | 2795 EAST COTTONWOOD PARKWAY, SALT LAKE CITY UT 84121 |
Spencer Kirk | director, officer: Chief Executive Officer | 2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121 |
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