National Storage REIT (ASX:NSR) Days Inventory : 16.83 (As of Dec. 2023)

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What is National Storage REIT Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). National Storage REIT's Average Total Inventories for the six months ended in Dec. 2023 was A$2.0 Mil. National Storage REIT's Cost of Goods Sold for the six months ended in Dec. 2023 was A$21.2 Mil. Hence, National Storage REIT's Days Inventory for the six months ended in Dec. 2023 was 16.83.

The historical rank and industry rank for National Storage REIT's Days Inventory or its related term are showing as below:

ASX:NSR' s Days Inventory Range Over the Past 10 Years
Min: 11 Med: 14.06 Max: 105.07
Current: 16.65

During the past 10 years, National Storage REIT's highest Days Inventory was 105.07. The lowest was 11.00. And the median was 14.06.

ASX:NSR's Days Inventory is ranked better than
70.14% of 144 companies
in the REITs industry
Industry Median: 87.84 vs ASX:NSR: 16.65

National Storage REIT's Days Inventory declined from Dec. 2022 (19.06) to Dec. 2023 (16.83).

Inventory Turnover measures how fast the company turns over its inventory within a year. National Storage REIT's Inventory Turnover for the six months ended in Dec. 2023 was 10.84.

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 six months ended in Dec. 2023 was 0.01.

National Storage REIT Days Inventory Historical Data

The historical data trend for National Storage REIT's Days Inventory 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 Days Inventory Chart

National Storage REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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11.64

11.00

13.20

14.91

17.31

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
Days Inventory	Get a 7-Day Free Trial															18.76	15.17	19.06	16.89	16.83

Competitive Comparison of National Storage REIT's Days Inventory

For the REIT - Industrial subindustry, National Storage REIT's Days Inventory, along with its competitors' market caps and Days Inventory 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.

National Storage REIT's Days Inventory Distribution in the REITs Industry

For the REITs industry and Real Estate sector, National Storage REIT's Days Inventory distribution charts can be found below:

* The bar in red indicates where National Storage REIT's Days Inventory falls into.

National Storage REIT Days Inventory Calculation

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 fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.849	+	2.107)	/	2 )	/	41.717	*	365
=	1.978					/	41.717	*	365
=	17.31

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

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.107	+	1.794)	/	2 )	/	21.15	*	365 / 2
=	1.9505					/	21.15	*	365 / 2
=	16.83

National Storage REIT (ASX:NSR) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

National Storage REIT's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.15	/	1.9505
	=	10.84

2. 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 six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.9505	/	164.029
	=	0.01

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

National Storage REIT Days Inventory Related Terms

Thank you for viewing the detailed overview of National Storage REIT's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

National Storage REIT (ASX:NSR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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.