National Storage REIT (ASX:NSR) Days Payable : 190.24 (As of Dec. 2023)

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What is National Storage REIT Days Payable?

National Storage REIT's average Accounts Payable for the six months ended in Dec. 2023 was A$22.0 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 Payable for the six months ended in Dec. 2023 was 190.24.

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

ASX:NSR' s Days Payable Range Over the Past 10 Years
Min: 8.61 Med: 40.15 Max: 227.55
Current: 227.55

During the past 10 years, National Storage REIT's highest Days Payable was 227.55. The lowest was 8.61. And the median was 40.15.

ASX:NSR's Days Payable is ranked better than
70.36% of 523 companies
in the REITs industry
Industry Median: 126.29 vs ASX:NSR: 227.55

National Storage REIT's Days Payable increased from Dec. 2022 (185.52) to Dec. 2023 (190.24). It may suggest that National Storage REIT delayed paying its suppliers.

National Storage REIT Days Payable Historical Data

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

National Storage REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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66.72

32.13

14.13

8.61

28.91

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 Payable	Get a 7-Day Free Trial															112.26	74.51	185.52	177.11	190.24

Competitive Comparison of National Storage REIT's Days Payable

For the REIT - Industrial subindustry, National Storage REIT's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the REITs Industry

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

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

National Storage REIT Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

National Storage REIT's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.465	+	6.144)	/	2 )	/	41.717	*	365
=	3.3045					/	41.717	*	365
=	28.91

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6.144	+	37.949)	/	2 )	/	21.15	*	365 / 2
=	22.0465					/	21.15	*	365 / 2
=	190.24

National Storage REIT Days Payable 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 » Days Payable

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.