Advance Financial Statements From 2010 to 2024

AAP Stock  USD 84.19  2.42  2.96%   
Advance Auto financial statements provide useful quarterly and yearly information to potential Advance Auto Parts investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Advance Auto financial statements helps investors assess Advance Auto's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Advance Auto's valuation are summarized below:
Gross Profit
B
Profit Margin
0.0026
Market Capitalization
4.9 B
Enterprise Value Revenue
0.7414
Revenue
11.3 B
There are currently one hundred twenty fundamental signals for Advance Auto Parts that can be evaluated and compared over time across rivals. Investors and active traders are advised to validate Advance Auto's prevailing fundamental performance against the performance between 2010 and 2024 to make sure the trends are evolving in the right direction.
Check Advance Auto financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Advance main balance sheet or income statement drivers, such as Depreciation And Amortization of 197.8 M, Interest Expense of 92.5 M or Selling General Administrative of 2.7 B, as well as many exotic indicators such as Short Term Coverage Ratios of 3.34, Price Earnings Ratio of 9.8 or Price To Sales Ratio of 0.7. Advance financial statements analysis is a perfect complement when working with Advance Auto Valuation or Volatility modules.
  
This module can also supplement Advance Auto's financial leverage analysis and stock options assessment as well as various Advance Auto Technical models . Check out the analysis of Advance Auto Correlation against competitors.

Advance Auto Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets13.7 B13 B8.7 B
Slightly volatile
Total Stockholder Equity1.8 B2.5 B2.4 B
Slightly volatile
Cash279.7 M503.5 M432.4 M
Pretty Stable
Other Assets0.951.0127.7 M
Slightly volatile
Cash And Short Term Investments279.7 M503.5 M432.4 M
Pretty Stable
Common Stock Shares Outstanding66.8 M59.6 M69.7 M
Slightly volatile
Liabilities And Stockholders Equity13.7 B13 B8.7 B
Slightly volatile
Inventory2.9 B4.9 B3.7 B
Slightly volatile
Total Liabilities11 B10.5 B6.3 B
Slightly volatile
Total Current Assets3.6 B6.4 B4.7 B
Slightly volatile
Short and Long Term Debt Total4.7 B4.4 BB
Slightly volatile
Other Current Liabilities338 M565.6 M464.1 M
Slightly volatile
Total Current Liabilities2.9 B5.3 B3.6 B
Slightly volatile
Other Liabilities607.6 M578.7 M417.7 M
Slightly volatile
Property Plant And Equipment Net4.4 B4.2 B2.4 B
Slightly volatile
Accounts Payable2.2 B4.2 B2.9 B
Slightly volatile
Non Current Assets TotalB6.6 B3.8 B
Slightly volatile
Long Term Debt1.9 B1.8 B1.1 B
Slightly volatile
Net Receivables840.1 M800.1 M556 M
Slightly volatile
Non Current Liabilities Total5.4 B5.2 B2.5 B
Slightly volatile
Other Current Assets226.5 M215.7 M124.3 M
Slightly volatile
Property Plant And Equipment Gross7.4 B7.1 B2.6 B
Slightly volatile
Short Term Debt467.3 M445.1 M168.5 M
Slightly volatile
Common Stock6.8 K7.2 K26.1 K
Slightly volatile
Property Plant Equipment5.2 B4.9 BB
Slightly volatile
Good Will608.6 M991.7 M730 M
Slightly volatile
Intangible Assets393.2 M593.3 M470.1 M
Slightly volatile
Net Tangible AssetsB1.2 B1.6 B
Slightly volatile
Long Term Debt TotalB1.4 BB
Slightly volatile
Capital Surpluse723.8 MB681 M
Slightly volatile
Non Current Liabilities Other80.3 M84.5 M377.7 M
Very volatile
Short and Long Term Debt223.4 M212.8 M78.7 M
Slightly volatile
Cash And Equivalents581.9 M309.7 M360.4 M
Slightly volatile
Net Invested Capital3.1 B4.3 B4.1 B
Slightly volatile
Net Working Capital1.1 B1.1 B1.6 B
Slightly volatile
Capital Stock6.4 K7.2 K7.8 K
Slightly volatile
Capital Lease Obligations2.4 B2.2 B2.1 B
Slightly volatile

Advance Auto Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization197.8 M306.5 M228 M
Slightly volatile
Selling General Administrative2.7 B4.4 B3.2 B
Slightly volatile
Total Revenue7.2 B11.3 B8.6 B
Slightly volatile
Gross Profit3.2 B4.5 B3.8 B
Slightly volatile
Other Operating Expenses6.6 B11.2 BB
Slightly volatile
Operating Income108.7 M114.4 M590.4 M
Pretty Stable
EBIT108.7 M114.4 M592.2 M
Pretty Stable
EBITDA733.5 M420.8 M848.7 M
Pretty Stable
Cost Of Revenue3.9 B6.8 B4.7 B
Slightly volatile
Total Operating Expenses2.7 B4.4 B3.2 B
Slightly volatile
Income Tax ExpenseM2.1 M160.5 M
Slightly volatile
Net Income Applicable To Common Shares362.5 M577.2 M437 M
Slightly volatile
Net Income From Continuing Ops195.1 M205.3 M563.8 M
Slightly volatile
Tax Provision55.2 M58.1 M192.7 M
Slightly volatile
Interest Income43.1 M49.9 M56.8 M
Slightly volatile
Reconciled Depreciation286.5 M303.6 M257 M
Slightly volatile
Selling And Marketing Expenses162.7 M188.6 M133.2 M
Slightly volatile

Advance Auto Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow42.7 M45 M391.8 M
Very volatile
Total Cash From Operating Activities564.2 M287.4 M662.5 M
Pretty Stable
End Period Cash Flow291.1 M503.5 M444.6 M
Pretty Stable
Begin Period Cash Flow276.3 M270.8 M414.1 M
Pretty Stable
Depreciation210.1 M306.5 M233.5 M
Slightly volatile
Stock Based Compensation27.1 M45.6 M30.7 M
Slightly volatile
Issuance Of Capital Stock2.6 M2.8 M3.1 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Short Term Coverage Ratios3.343.51177
Pretty Stable
Price Earnings Ratio9.818.3822.641
Pretty Stable
Price To Sales Ratio0.70.771.1995
Pretty Stable
Dividend Yield0.03350.03190.0135
Slightly volatile
Operating Cycle216281291
Very volatile
Price Book Value Ratio4.854.074.795
Slightly volatile
Days Of Payables Outstanding138219216
Pretty Stable
Operating Cash Flow Per Share5.3410.0813.4629
Very volatile
Dividend Payout Ratio0.40.650.2899
Slightly volatile
Price To Operating Cash Flows Ratio7.5711.8213.4109
Very volatile
Free Cash Flow Per Share3.234.139.2116
Pretty Stable
Price To Free Cash Flows Ratio18.2628.8123.1829
Very volatile
Pretax Profit Margin0.04920.05230.072
Slightly volatile
Inventory Turnover1.611.451.3646
Pretty Stable
Ebt Per Ebit0.590.820.9192
Slightly volatile
Payables Turnover2.651.731.7891
Pretty Stable
Operating Profit Margin0.05740.05760.0762
Slightly volatile
Effective Tax Rate0.210.20.2597
Slightly volatile
Company Equity Multiplier4.545.163.9654
Slightly volatile
Long Term Debt To Capitalization0.440.650.4862
Slightly volatile
Cash Per Share2.863.766.5209
Very volatile
Total Debt To Capitalization0.460.660.5101
Slightly volatile
Return On Capital Employed0.210.120.1601
Slightly volatile
Payout Ratio0.40.650.2899
Slightly volatile
Debt Equity Ratio1.021.571.1013
Slightly volatile
Ebit Per Revenue0.05740.05760.0762
Slightly volatile
Quick Ratio0.160.18020.2248
Very volatile
Net Income Per E B T0.80.820.7239
Slightly volatile
Cash Ratio0.06680.04510.0886
Very volatile
Cash Conversion Cycle12279.9679.2691
Very volatile
Operating Cash Flow Sales Ratio0.06080.05830.09
Slightly volatile
Days Of Inventory Outstanding205261269
Very volatile
Days Of Sales Outstanding12.6820.5722.1691
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.440.370.6236
Pretty Stable
Cash Flow Coverage Ratios0.220.230.4178
Slightly volatile
Price To Book Ratio4.854.074.795
Slightly volatile
Current Ratio1.51.291.2472
Pretty Stable
Fixed Asset Turnover5.242.983.3892
Pretty Stable
Price Cash Flow Ratio7.5711.8213.4109
Very volatile
Enterprise Value Multiple8.3611.6913.9668
Very volatile
Debt Ratio0.240.350.2792
Slightly volatile
Cash Flow To Debt Ratio0.220.230.4178
Slightly volatile
Price Sales Ratio0.70.771.1995
Pretty Stable
Return On Assets0.04410.03480.0538
Slightly volatile
Receivables Turnover32.9718.3619.3142
Pretty Stable
Asset Turnover1.51.071.0777
Pretty Stable
Net Profit Margin0.0320.03750.0507
Slightly volatile
Gross Profit Margin0.360.40.443
Slightly volatile
Price Fair Value4.854.074.795
Slightly volatile
Return On Equity0.140.160.2049
Slightly volatile

Advance Fundamental Market Drivers

Forward Price Earnings21.7391
Cash And Short Term Investments503.5 M

Advance Upcoming Events

27th of February 2024
Upcoming Quarterly Report
View
29th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
27th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Advance Auto Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Advance Auto income statement, its balance sheet, and the statement of cash flows. Advance Auto investors use historical funamental indicators, such as Advance Auto's revenue or net income, to determine how well the company is positioned to perform in the future. Although Advance Auto investors may use each financial statement separately, they are all related. The changes in Advance Auto's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Advance Auto's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Advance Auto Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Advance Auto. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Current Deferred Revenue118.8 M181.5 M
Total Revenue11.3 B7.2 B
Cost Of Revenue6.8 B3.9 B
Ebit Per Revenue 0.06  0.06 

Pair Trading with Advance Auto

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 Advance Auto 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 Advance Auto will appreciate offsetting losses from the drop in the long position's value.

Moving together with Advance Stock

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The ability to find closely correlated positions to Advance Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advance Auto 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 Advance Auto - 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 Advance Auto Parts to buy it.
The correlation of Advance Auto is a statistical measure of how it moves in relation to other equities. 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 Advance Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advance Auto Parts 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 Advance Auto 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 CorrelationCorrelation Matching
When determining whether Advance Auto Parts is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Advance Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Advance Auto Parts Stock. Highlighted below are key reports to facilitate an investment decision about Advance Auto Parts Stock:
Check out the analysis of Advance Auto Correlation against competitors.
Note that the Advance Auto Parts information on this page should be used as a complementary analysis to other Advance Auto's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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When running Advance Auto's price analysis, check to measure Advance Auto'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 Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.
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Is Advance Auto's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Advance Auto. If investors know Advance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Advance Auto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.40)
Dividend Share
2.25
Earnings Share
0.5
Revenue Per Share
189.925
Quarterly Revenue Growth
(0)
The market value of Advance Auto Parts is measured differently than its book value, which is the value of Advance that is recorded on the company's balance sheet. Investors also form their own opinion of Advance Auto's value that differs from its market value or its book value, called intrinsic value, which is Advance Auto's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Advance Auto's market value can be influenced by many factors that don't directly affect Advance Auto's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Advance Auto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advance Auto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advance Auto's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.