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SELF (Global Self Storage) Asset Turnover : 0.05 (As of Sep. 2024)


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What is Global Self 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. Global Self Storage's Revenue for the three months ended in Sep. 2024 was $3.20 Mil. Global Self Storage's Total Assets for the quarter that ended in Sep. 2024 was $66.14 Mil. Therefore, Global Self Storage's Asset Turnover for the quarter that ended in Sep. 2024 was 0.05.

Asset Turnover is linked to ROE % through Du Pont Formula. Global Self Storage's annualized ROE % for the quarter that ended in Sep. 2024 was 9.88%. It is also linked to ROA % through Du Pont Formula. Global Self Storage's annualized ROA % for the quarter that ended in Sep. 2024 was 7.15%.


Global Self Storage Asset Turnover Historical Data

The historical data trend for Global Self 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.

Global Self Storage Asset Turnover Chart

Global Self Storage Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.14 0.16 0.18 0.18 0.19

Global Self Storage Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.04 0.05 0.05 0.05 0.05

Competitive Comparison of Global Self Storage's Asset Turnover

For the REIT - Specialty subindustry, Global Self 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.


Global Self Storage's Asset Turnover Distribution in the REITs Industry

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

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


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Global Self Storage Asset Turnover Calculation

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

Global Self Storage's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=12.191/( (67.383+66.879)/ 2 )
=12.191/67.131
=0.18

Global Self Storage's Asset Turnover for the quarter that ended in Sep. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=3.2/( (66.002+66.275)/ 2 )
=3.2/66.1385
=0.05

* 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.


Global Self Storage  (NAS:SELF) Asset Turnover Explanation

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

Global Self Storage's annulized ROE % for the quarter that ended in Sep. 2024 is

ROE %**(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=4.728/47.8415
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4.728 / 12.8)*(12.8 / 66.1385)*(66.1385/ 47.8415)
=Net Margin %*Asset Turnover*Equity Multiplier
=36.94 %*0.1935*1.3825
=ROA %*Equity Multiplier
=7.15 %*1.3825
=9.88 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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:

Global Self Storage's annulized ROA % for the quarter that ended in Sep. 2024 is

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=4.728/66.1385
=(Net Income / Revenue)*(Revenue / Total Assets)
=(4.728 / 12.8)*(12.8 / 66.1385)
=Net Margin %*Asset Turnover
=36.94 %*0.1935
=7.15 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) 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.


Global Self Storage Asset Turnover Related Terms

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


Global Self Storage Business Description

Traded in Other Exchanges
N/A
Address
3814 Route 44, Millbrook, New York, NY, USA, 12545
Global Self Storage Inc is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible, and secure storage space for residential and commercial customers. It has one segment of Rental operations. Through its wholly-owned subsidiaries, the company owns and/or manages close to 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma.
Executives
Burke Russell E Iii director 3814 ROUTE 44, MILLBROOK NY 12545
Winmill & Co. Inc other: See "Explanation of Responses" 2255 BUFFALO ROAD, ROCHESTER NY 14624
Mark Campbell Winmill director, officer: President and CEO 3814 ROUTE 44, MILLBROOK NY 12545
Donald Ii Klimoski officer: General Counsel 3814 ROUTE 44, MILLBROOK NY 12545
Tuxis Corp other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Carroll Sally Coonrad director 3814 ROUTE 44, MILLBROOK NY 12545
George B Langa director 3814 ROUTE 44, MILLBROOK NY 12545
Investor Service Center Inc /de other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Thomas Omalley officer: Chief Financial Officer 3814 ROUTE 44, MILLBROOK NY 12545
William Chester Zachary director 136 EAST 64TH ST, APT 6D, NEW YORK NY 10065
Russell Kamerman officer: Assistant General Counsel 3814 ROUTE 44, MILLBROOK NY 12545
Bexil Corp other: See "Explanation of Responses" 2255 BUFFALO ROAD, ROCHESTER NY 14624
Hwang Eric Paul C. other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Bruce B Huber director 11 HANOVER SQUARE, NEW YORK NY 10005
Jacob Bukhsbaum officer: Chief Compliance Officer, other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005