Extra Inventory vs Cash Analysis

0IJV Stock

173.65 3.28 1.93%

Extra Space financial indicator trend analysis is much more than just examining Extra Space Storage latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Extra Space Storage is a good investment. Please check the relationship between Extra Space Inventory and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Inventory vs Cash

Inventory vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Extra Space Storage Inventory account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Extra Space's Inventory and Cash is -0.24. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash in the same time period over historical financial statements of Extra Space Storage, assuming nothing else is changed. The correlation between historical values of Extra Space's Inventory and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Extra Space Storage are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Inventory i.e., Extra Space's Inventory and Cash go up and down completely randomly.

Correlation Coefficient

-0.24

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Inventory

Cash

Cash refers to the most liquid asset of Extra Space Storage, which is listed under current asset account on Extra Space Storage balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Extra Space customers. The amounts must be unrestricted with restricted cash listed in a different Extra Space account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Extra Space's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Extra Space Storage current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to gain to about 153.7 M in 2024, whereas Tax Provision is likely to drop slightly above 10 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	1.6B	1.9B	2.6B	2.7B
Depreciation And Amortization	771.7M	886.5M	506.1M	293.1M

Total Revenue Depreciation And Amortization

Extra Space fundamental ratios Correlations

	Total Assets	Common Stock Shares Outstanding	Total Stockholder Equity	Other Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Inventory	Other Current Assets	Current Deferred Revenue
Total Assets		0.44	0.98	0.92	0.98	0.97	0.97	-0.03	0.76	-0.14	0.97	-0.49	1.0	0.41	1.0	0.84	0.42	0.89	0.97	0.93	0.49	0.02	-0.07	0.0	0.21	0.25
Common Stock Shares Outstanding	0.44		0.32	0.18	0.33	0.55	0.53	0.15	0.32	0.14	0.53	-0.53	0.47	0.58	0.45	0.1	0.58	0.35	0.55	0.23	0.35	-0.76	-0.18	-0.29	0.3	-0.14
Total Stockholder Equity	0.98	0.32		0.98	1.0	0.89	0.89	-0.05	0.66	-0.18	0.89	-0.5	0.96	0.32	0.97	0.92	0.33	0.83	0.9	0.99	0.34	0.1	0.05	0.15	0.1	0.31
Other Assets	0.92	0.18	0.98		0.98	0.8	0.81	-0.07	0.58	-0.2	0.81	-0.47	0.9	0.22	0.92	0.95	0.23	0.76	0.81	0.99	0.26	0.22	0.13	0.25	0.0	0.35
Other Stockholder Equity	0.98	0.33	1.0	0.98		0.89	0.89	-0.05	0.65	-0.18	0.89	-0.52	0.96	0.33	0.97	0.92	0.33	0.82	0.9	0.99	0.34	0.09	0.06	0.15	0.1	0.31
Total Liab	0.97	0.55	0.89	0.8	0.89		1.0	0.0	0.83	-0.09	1.0	-0.45	0.98	0.48	0.97	0.7	0.49	0.9	1.0	0.82	0.63	-0.07	-0.2	-0.18	0.32	0.16
Short Long Term Debt Total	0.97	0.53	0.89	0.81	0.89	1.0		0.0	0.83	-0.09	1.0	-0.45	0.98	0.47	0.97	0.71	0.48	0.9	1.0	0.82	0.63	-0.05	-0.2	-0.17	0.3	0.16
Other Current Liab	-0.03	0.15	-0.05	-0.07	-0.05	0.0	0.0		-0.15	0.48	0.0	0.02	-0.04	-0.04	-0.03	-0.21	-0.04	-0.13	0.02	-0.06	-0.24	-0.13	0.08	-0.09	-0.06	-0.63
Total Current Liabilities	0.76	0.32	0.66	0.58	0.65	0.83	0.83	-0.15		-0.26	0.83	-0.19	0.78	0.44	0.77	0.56	0.44	0.91	0.79	0.59	0.88	0.08	-0.44	-0.35	0.46	0.22
Property Plant And Equipment Net	-0.14	0.14	-0.18	-0.2	-0.18	-0.09	-0.09	0.48	-0.26		-0.08	-0.13	-0.15	-0.28	-0.14	-0.49	-0.28	-0.34	-0.07	-0.22	-0.3	-0.18	0.21	-0.15	-0.25	-0.77
Net Debt	0.97	0.53	0.89	0.81	0.89	1.0	1.0	0.0	0.83	-0.08		-0.45	0.98	0.47	0.97	0.71	0.47	0.9	1.0	0.82	0.62	-0.04	-0.2	-0.17	0.3	0.16
Retained Earnings	-0.49	-0.53	-0.5	-0.47	-0.52	-0.45	-0.45	0.02	-0.19	-0.13	-0.45		-0.49	-0.31	-0.49	-0.4	-0.31	-0.16	-0.47	-0.51	-0.09	0.45	-0.37	-0.17	0.1	0.06
Accounts Payable	1.0	0.47	0.96	0.9	0.96	0.98	0.98	-0.04	0.78	-0.15	0.98	-0.49		0.43	1.0	0.82	0.44	0.9	0.98	0.92	0.52	-0.02	-0.12	-0.04	0.23	0.25
Cash	0.41	0.58	0.32	0.22	0.33	0.48	0.47	-0.04	0.44	-0.28	0.47	-0.31	0.43		0.41	0.24	1.0	0.44	0.47	0.31	0.44	-0.35	-0.25	-0.24	0.33	0.19
Non Current Assets Total	1.0	0.45	0.97	0.92	0.97	0.97	0.97	-0.03	0.77	-0.14	0.97	-0.49	1.0	0.41		0.83	0.42	0.89	0.98	0.93	0.5	0.02	-0.08	-0.01	0.21	0.25
Non Currrent Assets Other	0.84	0.1	0.92	0.95	0.92	0.7	0.71	-0.21	0.56	-0.49	0.71	-0.4	0.82	0.24	0.83		0.24	0.75	0.71	0.94	0.27	0.22	0.11	0.32	0.08	0.57
Cash And Short Term Investments	0.42	0.58	0.33	0.23	0.33	0.49	0.48	-0.04	0.44	-0.28	0.47	-0.31	0.44	1.0	0.42	0.24		0.45	0.48	0.32	0.44	-0.35	-0.25	-0.24	0.33	0.2
Net Receivables	0.89	0.35	0.83	0.76	0.82	0.9	0.9	-0.13	0.91	-0.34	0.9	-0.16	0.9	0.44	0.89	0.75	0.45		0.88	0.77	0.69	0.08	-0.41	-0.22	0.37	0.38
Non Current Liabilities Total	0.97	0.55	0.9	0.81	0.9	1.0	1.0	0.02	0.79	-0.07	1.0	-0.47	0.98	0.47	0.98	0.71	0.48	0.88		0.83	0.59	-0.07	-0.17	-0.15	0.29	0.16
Total Current Assets	0.93	0.23	0.99	0.99	0.99	0.82	0.82	-0.06	0.59	-0.22	0.82	-0.51	0.92	0.31	0.93	0.94	0.32	0.77	0.83		0.26	0.15	0.12	0.23	0.03	0.36
Short Term Debt	0.49	0.35	0.34	0.26	0.34	0.63	0.63	-0.24	0.88	-0.3	0.62	-0.09	0.52	0.44	0.5	0.27	0.44	0.69	0.59	0.26		0.04	-0.53	-0.5	0.46	0.19
Common Stock	0.02	-0.76	0.1	0.22	0.09	-0.07	-0.05	-0.13	0.08	-0.18	-0.04	0.45	-0.02	-0.35	0.02	0.22	-0.35	0.08	-0.07	0.15	0.04		0.09	0.22	-0.16	0.2
Short Term Investments	-0.07	-0.18	0.05	0.13	0.06	-0.2	-0.2	0.08	-0.44	0.21	-0.2	-0.37	-0.12	-0.25	-0.08	0.11	-0.25	-0.41	-0.17	0.12	-0.53	0.09		0.89	0.02	-0.07
Inventory	0.0	-0.29	0.15	0.25	0.15	-0.18	-0.17	-0.09	-0.35	-0.15	-0.17	-0.17	-0.04	-0.24	-0.01	0.32	-0.24	-0.22	-0.15	0.23	-0.5	0.22	0.89		0.16	0.24
Other Current Assets	0.21	0.3	0.1	0.0	0.1	0.32	0.3	-0.06	0.46	-0.25	0.3	0.1	0.23	0.33	0.21	0.08	0.33	0.37	0.29	0.03	0.46	-0.16	0.02	0.16		0.13
Current Deferred Revenue	0.25	-0.14	0.31	0.35	0.31	0.16	0.16	-0.63	0.22	-0.77	0.16	0.06	0.25	0.19	0.25	0.57	0.2	0.38	0.16	0.36	0.19	0.2	-0.07	0.24	0.13

Click cells to compare fundamentals

Extra Space Account Relationship Matchups

Extra Space fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.5B	9.4B	10.5B	12.2B	27.5B	28.8B
Common Stock Shares Outstanding	136.4M	129.6M	140.0M	141.7M	169.2M	102.0M
Liabilities And Stockholders Equity	8.5B	9.4B	10.5B	12.2B	27.5B	28.8B
Total Stockholder Equity	2.5B	2.5B	3.1B	3.3B	14.4B	15.1B
Other Assets	93.3M	111.3M	7.4M	4.8M	27.5B	28.8B
Other Stockholder Equity	2.9B	3.0B	3.3B	3.3B	14.8B	15.5B
Total Liab	5.6B	6.5B	6.7B	8.1B	12.0B	12.6B
Short Long Term Debt Total	5.3B	6.0B	6.2B	7.6B	11.4B	12.0B
Other Current Liab	(523.2M)	47.1M	63.6M	67.4M	21.8M	20.7M
Total Current Liabilities	314.6M	1.1B	740.9M	1.2B	1.1B	1.1B
Property Plant And Equipment Net	264.6M	252.2M	227.9M	221.7M	275.9M	262.1M
Net Debt	5.3B	5.9B	6.1B	7.5B	11.3B	11.9B
Retained Earnings	(301.0M)	(354.9M)	(128.2M)	(135.9M)	(379.0M)	(360.1M)
Accounts Payable	111.4M	130.0M	142.3M	171.7M	334.5M	351.2M
Cash	65.7M	109.1M	71.1M	92.9M	99.1M	68.0M
Non Current Assets Total	8.5B	9.3B	10.4B	12.1B	26.5B	27.8B
Non Currrent Assets Other	162.1M	130.6M	159.2M	(1.9B)	24.5B	25.7B
Cash And Short Term Investments	65.7M	109.1M	71.1M	92.9M	99.1M	69.1M
Non Current Liabilities Total	5.3B	5.3B	5.9B	6.9B	10.9B	11.5B
Total Current Assets	70.7M	128.0M	76.2M	92.9M	955.9M	1.0B
Short Term Debt	568.4M	949M	535M	945M	731.3M	417.9M
Common Stock	1.3M	1.3M	1.3M	1.3M	2.1M	2.2M
Short Term Investments	42.3M	6.2M	270K	(558.0M)	26.2M	27.5M
Accumulated Other Comprehensive Income	(29.0M)	(99.1M)	(42.5M)	48.8M	17.4M	18.3M
Other Current Assets	48.6M	312.7M	546.7M	55.2M	91.2M	92.4M
Intangible Assets	134.9M	137.1M	147.0M	21.6M	147.6M	120.1M
Long Term Debt	4.6B	4.8B	5.0B	5.7B	6.6B	5.4B
Capital Surpluse	2.6B	2.6B	2.9B	3.0B	3.5B	3.0B
Property Plant Equipment	8.0B	8.1B	9.0B	10.2B	11.8B	8.9B
Other Liab	101.4M	174.5M	127.4M	144.0M	165.6M	133.9M
Net Tangible Assets	2.5B	2.5B	3.1B	3.1B	3.5B	2.9B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

ESRT	Empire State Realty
C	Citigroup
C	Citigroup

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Extra Inventory vs Cash Analysis

Inventory vs Cash

Inventory vs Cash Correlation Analysis

Correlation Coefficient

Inventory

Cash

Extra Space fundamental ratios Correlations

Extra Space Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Extra Space fundamental ratios Accounts

Also Currently Popular

Additional Tools for Extra Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Short Long Term Debt Total	+ 1.0	Total Liab
Net Debt	+ 1.0	Total Liab
Non Current Liabilities Total	+ 1.0	Total Liab

Current Deferred Revenue	- 0.77	Property Plant And Equipment Net
Common Stock	- 0.76	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.63	Other Current Liab
Short Term Investments	- 0.53	Short Term Debt
Retained Earnings	- 0.53	Common Stock Shares Outstanding
Retained Earnings	- 0.52	Other Stockholder Equity