Extra Space Storage Stock Working Capital

EXR Stock

USD 154.71 1.69 1.10%

Extra Space Storage fundamentals help investors to digest information that contributes to Extra Space's financial success or failures. It also enables traders to predict the movement of Extra Stock. The fundamental analysis module provides a way to measure Extra Space's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Extra Space stock.

	Last Reported	Projected for Next Year
Net Working Capital	-181.5 M	-190.6 M
Change In Working Capital	-641.7 K	-609.6 K

As of 01/30/2025, Net Working Capital is likely to drop to about (190.6 M). In addition to that, Change In Working Capital is likely to grow to about (609.6 K).

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Extra Space Storage Company Working Capital Analysis

Extra Space's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

Working Capital

Current Assets

-

Current Liabilities

More About Working Capital | All Equity Analysis

Current Extra Space Working Capital

(157.87 M)

Most of Extra Space's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Extra Space Storage is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Extra Working Capital Driver Correlations

Understanding the fundamental principles of building solid financial models for Extra Space is extremely important. It helps to project a fair market value of Extra Stock properly, considering its historical fundamentals such as Working Capital. Since Extra Space's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Extra Space's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Extra Space's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Accounts Payable	Long Term Debt	Total Liab	Common Stock	Property Plant Equipment	Net Debt	Retained Earnings	Net Receivables	Total Current Assets	Short Term Debt	Short Term Investments	Intangible Assets	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock	Current Deferred Revenue
Total Assets		0.99	1.0	0.98	0.98	-0.24	0.85	0.98	-0.51	0.92	0.96	0.53	-0.03	0.47	0.67	0.63	0.9	0.68	0.52	0.89	-0.42	0.71	0.98	-0.05	0.84	-0.77
Total Stockholder Equity	0.99		0.98	0.93	0.93	-0.18	0.75	0.93	-0.52	0.88	0.99	0.44	0.08	0.41	0.56	0.51	0.81	0.56	0.41	0.85	-0.34	0.62	0.99	-0.04	0.87	-0.79
Accounts Payable	1.0	0.98		0.98	0.98	-0.27	0.87	0.98	-0.51	0.94	0.95	0.56	-0.06	0.46	0.69	0.64	0.91	0.7	0.53	0.9	-0.41	0.73	0.97	-0.04	0.83	-0.77
Long Term Debt	0.98	0.93	0.98		1.0	-0.31	0.94	1.0	-0.48	0.93	0.88	0.59	-0.17	0.51	0.78	0.74	0.97	0.79	0.61	0.89	-0.49	0.77	0.91	0.0	0.78	-0.71
Total Liab	0.98	0.93	0.98	1.0		-0.3	0.93	1.0	-0.49	0.94	0.88	0.62	-0.15	0.52	0.78	0.74	0.97	0.79	0.63	0.92	-0.49	0.79	0.92	-0.06	0.78	-0.71
Common Stock	-0.24	-0.18	-0.27	-0.31	-0.3		-0.49	-0.29	0.59	-0.16	-0.14	-0.06	0.11	-0.47	-0.47	-0.41	-0.32	-0.47	-0.25	-0.15	0.16	-0.21	-0.11	0.06	-0.1	0.06
Property Plant Equipment	0.85	0.75	0.87	0.94	0.93	-0.49		0.93	-0.46	0.83	0.68	0.61	-0.29	0.62	0.9	0.88	0.98	0.91	0.71	0.81	-0.55	0.78	0.72	-0.06	0.6	-0.56
Net Debt	0.98	0.93	0.98	1.0	1.0	-0.29	0.93		-0.49	0.93	0.89	0.62	-0.15	0.52	0.78	0.75	0.97	0.79	0.62	0.91	-0.49	0.79	0.92	-0.06	0.78	-0.72
Retained Earnings	-0.51	-0.52	-0.51	-0.48	-0.49	0.59	-0.46	-0.49		-0.26	-0.53	-0.08	-0.35	-0.58	-0.32	-0.47	-0.36	-0.36	-0.18	-0.28	-0.02	-0.3	-0.46	0.23	-0.42	0.35
Net Receivables	0.92	0.88	0.94	0.93	0.94	-0.16	0.83	0.93	-0.26		0.85	0.75	-0.31	0.27	0.69	0.56	0.9	0.69	0.57	0.96	-0.43	0.81	0.9	0.03	0.77	-0.68
Total Current Assets	0.96	0.99	0.95	0.88	0.88	-0.14	0.68	0.89	-0.53	0.85		0.4	0.13	0.36	0.48	0.43	0.74	0.48	0.33	0.81	-0.28	0.58	0.99	-0.04	0.87	-0.8
Short Term Debt	0.53	0.44	0.56	0.59	0.62	-0.06	0.61	0.62	-0.08	0.75	0.4		-0.51	0.16	0.62	0.44	0.65	0.65	0.54	0.76	-0.31	0.89	0.48	-0.06	0.48	-0.22
Short Term Investments	-0.03	0.08	-0.06	-0.17	-0.15	0.11	-0.29	-0.15	-0.35	-0.31	0.13	-0.51		0.35	-0.32	-0.18	-0.32	-0.32	-0.18	-0.16	0.15	-0.34	0.04	-0.66	0.08	-0.1
Intangible Assets	0.47	0.41	0.46	0.51	0.52	-0.47	0.62	0.52	-0.58	0.27	0.36	0.16	0.35		0.73	0.71	0.52	0.73	0.53	0.39	-0.39	0.44	0.33	-0.55	0.45	-0.13
Net Tangible Assets	0.67	0.56	0.69	0.78	0.78	-0.47	0.9	0.78	-0.32	0.69	0.48	0.62	-0.32	0.73		0.83	0.87	1.0	0.7	0.7	-0.56	0.78	0.52	-0.11	0.59	-0.22
Total Permanent Equity	0.63	0.51	0.64	0.74	0.74	-0.41	0.88	0.75	-0.47	0.56	0.43	0.44	-0.18	0.71	0.83		0.83	0.85	0.67	0.57	-0.47	0.62	0.46	-0.15	0.38	-0.36
Long Term Debt Total	0.9	0.81	0.91	0.97	0.97	-0.32	0.98	0.97	-0.36	0.9	0.74	0.65	-0.32	0.52	0.87	0.83		0.87	0.7	0.88	-0.56	0.81	0.8	0.0	0.66	-0.61
Capital Surpluse	0.68	0.56	0.7	0.79	0.79	-0.47	0.91	0.79	-0.36	0.69	0.48	0.65	-0.32	0.73	1.0	0.85	0.87		0.71	0.71	-0.54	0.81	0.53	-0.12	0.6	-0.23
Deferred Long Term Liab	0.52	0.41	0.53	0.61	0.63	-0.25	0.71	0.62	-0.18	0.57	0.33	0.54	-0.18	0.53	0.7	0.67	0.7	0.71		0.66	-0.73	0.74	0.4	-0.38	0.32	-0.28
Long Term Investments	0.89	0.85	0.9	0.89	0.92	-0.15	0.81	0.91	-0.28	0.96	0.81	0.76	-0.16	0.39	0.7	0.57	0.88	0.71	0.66		-0.48	0.85	0.86	-0.23	0.74	-0.65
Short Long Term Debt	-0.42	-0.34	-0.41	-0.49	-0.49	0.16	-0.55	-0.49	-0.02	-0.43	-0.28	-0.31	0.15	-0.39	-0.56	-0.47	-0.56	-0.54	-0.73	-0.48		-0.6	-0.33	0.19	-0.32	0.18
Cash And Equivalents	0.71	0.62	0.73	0.77	0.79	-0.21	0.78	0.79	-0.3	0.81	0.58	0.89	-0.34	0.44	0.78	0.62	0.81	0.81	0.74	0.85	-0.6		0.63	-0.18	0.65	-0.35
Net Invested Capital	0.98	0.99	0.97	0.91	0.92	-0.11	0.72	0.92	-0.46	0.9	0.99	0.48	0.04	0.33	0.52	0.46	0.8	0.53	0.4	0.86	-0.33	0.63		-0.01	0.86	-0.81
Net Working Capital	-0.05	-0.04	-0.04	0.0	-0.06	0.06	-0.06	-0.06	0.23	0.03	-0.04	-0.06	-0.66	-0.55	-0.11	-0.15	0.0	-0.12	-0.38	-0.23	0.19	-0.18	-0.01		-0.03	0.04
Capital Stock	0.84	0.87	0.83	0.78	0.78	-0.1	0.6	0.78	-0.42	0.77	0.87	0.48	0.08	0.45	0.59	0.38	0.66	0.6	0.32	0.74	-0.32	0.65	0.86	-0.03		-0.47
Current Deferred Revenue	-0.77	-0.79	-0.77	-0.71	-0.71	0.06	-0.56	-0.72	0.35	-0.68	-0.8	-0.22	-0.1	-0.13	-0.22	-0.36	-0.61	-0.23	-0.28	-0.65	0.18	-0.35	-0.81	0.04	-0.47

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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.

Competition

Predict Extra Space

Working Capital Over Time

Extra Capital Surpluse

Capital Surpluse

2.61 Billion

At this time, Extra Space's Capital Surpluse is relatively stable compared to the past year.

According to the company's disclosures, Extra Space Storage has a Working Capital of (157.87 Million). This indicator is about the same for the Specialized REITs average (which is currently at -1.5672775314E8) sector and significantly lower than that of the Real Estate industry. The working capital for all United States stocks is 110.68% higher than that of the company.

Extra Working Capital Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Extra Space's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Extra Space could also be used in its relative valuation, which is a method of valuing Extra Space by comparing valuation metrics of similar companies.

Extra Space is currently under evaluation in working capital category among its peers.

Extra Space Current Valuation Drivers

We derive many important indicators used in calculating different scores of Extra Space from analyzing Extra Space's financial statements. These drivers represent accounts that assess Extra Space's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Extra Space's important valuation drivers and their relationship over time.

	2020	2021	2022	2023	2024	2025 (projected)
Market Cap	15.0B	30.2B	19.7B	27.1B	24.4B	25.6B
Enterprise Value	20.9B	36.4B	27.2B	38.3B	34.5B	36.2B

Extra Space ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Extra Space's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Extra Space's managers, analysts, and investors.

Environmental

Governance

Social

Extra Fundamentals

	Return On Equity	0.0557
	Return On Asset	0.0333
	Profit Margin	0.24 %
	Operating Margin	0.46 %
	Current Valuation	44.58 B
	Shares Outstanding	211.98 M
	Shares Owned By Insiders	1.05 %
	Shares Owned By Institutions	99.46 %
	Number Of Shares Shorted	2.99 M
	Price To Earning	35.20 X
	Price To Book	2.32 X
	Price To Sales	10.31 X
	Revenue	2.56 B
	Gross Profit	2.46 B
	EBITDA	1.79 B
	Net Income	801.97 M
	Cash And Equivalents	92.87 M
	Cash Per Share	0.67 X
	Total Debt	11.25 B
	Debt To Equity	1.70 %
	Current Ratio	2.59 X
	Book Value Per Share	66.09 X
	Cash Flow From Operations	1.4 B
	Short Ratio	2.72 X
	Earnings Per Share	3.75 X
	Price To Earnings To Growth	4.77 X
	Target Price	168.0
	Number Of Employees	7.62 K
	Beta	0.89
	Market Capitalization	34.12 B
	Total Asset	27.46 B
	Retained Earnings	(379.01 M)
	Working Capital	(157.87 M)
	Current Asset	244.2 M
	Current Liabilities	120.92 M
	Annual Yield	0.04 %
	Five Year Return	3.13 %
	Net Asset	27.46 B
	Last Dividend Paid	6.48

About Extra Space Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Extra Space Storage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Extra Space using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Extra Space Storage based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Extra Space

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extra Space position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extra Space will appreciate offsetting losses from the drop in the long position's value.

Moving together with Extra Stock

0.81	O	Realty Income	Pair Corr
0.76	FR	First Industrial Realty Earnings Call This Week	Pair Corr
0.73	HR	Healthcare Realty Trust	Pair Corr

The ability to find closely correlated positions to Extra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extra Space when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extra Space - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extra Space Storage to buy it.

The correlation of Extra Space is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extra Space Storage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Extra Space can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Extra Stock Analysis

When running Extra Space's price analysis, check to measure Extra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.

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