Advance Auto Parts Stock Retained Earnings
| AAP Stock | USD 74.51 0.65 0.88% |
Advance Auto Parts fundamentals help investors to digest information that contributes to Advance Auto's financial success or failures. It also enables traders to predict the movement of Advance Stock. The fundamental analysis module provides a way to measure Advance Auto'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 Advance Auto stock.
Advance |
Advance Auto Parts Company Retained Earnings Analysis
Advance Auto's Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
More About Retained Earnings | All Equity Analysis
Retained Earnings | = | Beginning RE + Income | - | Dividends |
Current Advance Auto Retained Earnings | 4.56 B |
Most of Advance Auto's fundamental indicators, such as Retained Earnings, 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, Advance Auto Parts is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
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Based on the latest financial disclosure, Advance Auto Parts has a Retained Earnings of 4.56 B. This is 88.32% lower than that of the Specialty Retail sector and 240.42% higher than that of the Consumer Discretionary industry. The retained earnings for all United States stocks is 51.13% higher than that of the company.
Advance Retained Earnings Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Advance Auto's direct or indirect competition against its Retained Earnings to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Advance Auto could also be used in its relative valuation, which is a method of valuing Advance Auto by comparing valuation metrics of similar companies.Advance Auto is currently under evaluation in retained earnings category among related companies.
Advance Fundamentals
| Return On Equity | 0.0116 | ||||
| Return On Asset | 0.0059 | ||||
| Profit Margin | 0 % | ||||
| Operating Margin | (0.03) % | ||||
| Current Valuation | 8.38 B | ||||
| Shares Outstanding | 59.61 M | ||||
| Shares Owned By Insiders | 0.98 % | ||||
| Shares Owned By Institutions | 99.02 % | ||||
| Number Of Shares Shorted | 4.78 M | ||||
| Price To Earning | 19.36 X | ||||
| Price To Book | 1.67 X | ||||
| Price To Sales | 0.37 X | ||||
| Revenue | 11.29 B | ||||
| Gross Profit | 4.96 B | ||||
| EBITDA | 420.83 M | ||||
| Net Income | 29.73 M | ||||
| Cash And Equivalents | 269.28 M | ||||
| Cash Per Share | 3.25 X | ||||
| Total Debt | 4.45 B | ||||
| Debt To Equity | 1.50 % | ||||
| Current Ratio | 1.13 X | ||||
| Book Value Per Share | 42.34 X | ||||
| Cash Flow From Operations | 287.38 M | ||||
| Short Ratio | 2.53 X | ||||
| Earnings Per Share | 0.50 X | ||||
| Price To Earnings To Growth | 1.34 X | ||||
| Target Price | 66.32 | ||||
| Number Of Employees | 40 K | ||||
| Beta | 1.2 | ||||
| Market Capitalization | 4.44 B | ||||
| Total Asset | 13 B | ||||
| Retained Earnings | 4.56 B | ||||
| Working Capital | 1.07 B | ||||
| Current Asset | 1.19 B | ||||
| Current Liabilities | 722.58 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 0.74 % | ||||
| Net Asset | 13 B | ||||
| Last Dividend Paid | 2.25 |
About Advance Auto Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Advance Auto Parts's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advance Auto using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advance Auto Parts 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Advance Auto in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Advance Auto's short interest history, or implied volatility extrapolated from Advance Auto options trading.
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 against Advance Stock
| 0.72 | WINA | Winmark | PairCorr |
| 0.51 | BQ | Boqii Holding Limited | PairCorr |
| 0.5 | SBH | Sally Beauty Holdings Fiscal Year End 12th of November 2024 | PairCorr |
| 0.5 | TCS | Container Store Group Financial Report 21st of May 2024 | PairCorr |
| 0.49 | WOOF | Pet Acquisition LLC Buyout Trend | PairCorr |
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 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 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.Check out Advance Auto Piotroski F Score and Advance Auto Altman Z Score analysis. 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Advance Stock analysis
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.
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.