Advance Financial Statements From 2010 to 2022

AAP -  USA Stock  

USD 196.07  14.18  7.80%

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.
There are currently one hundred four fundamental signals for Advance Auto Parts that can be evaluated and compared over time across rivals. Make sure you validate Advance Auto's prevailing fundamentals against the trend between 2010 and 2022 to make sure the company can sustain itself down the road.
Advance Auto Earnings Before Interest Taxes and Depreciation Amortization EBITDA are very stable at the moment as compared to the past year. Advance Auto reported last year Earnings Before Interest Taxes and Depreciation Amortization EBITDA of 1.1 Billion. As of 22nd of May 2022, Earnings before Tax is likely to grow to about 813 M, while Average Assets are likely to drop about 10.7 B.
  
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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 Direct Expenses of 4.7 B, Consolidated Income of 566.2 M or Cost of Revenue of 6 B, as well as many exotic indicators such as Interest Coverage of 16.13, Long Term Debt to Equity of 0.43 or Calculated Tax Rate of 38.23. Advance financial statements analysis is a perfect complement when working with Advance Auto Valuation or Volatility modules. It can also supplement various Advance Auto Technical models. Please continue to the analysis of Advance Auto Correlation against competitors.

Advance Auto Revenues

10.82 Billion

Share

Advance Auto Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets10.8 B12.2 B11.1 B
Increasing
Stable
Cash and Equivalents387.7 M601.4 M507.3 M
Increasing
Stable
Property Plant and Equipment NetB4.2 B3.7 B
Increasing
Stable
Inventory4.7 B4.7 B4.4 B
Increasing
Slightly volatile
Trade and Non Trade Receivables749.5 M782.8 M719.9 M
Increasing
Slightly volatile
Trade and Non Trade Payables3.7 B3.9 B3.7 B
Increasing
Slightly volatile
Goodwill and Intangible Assets1.7 B1.6 B1.5 B
Increasing
Slightly volatile
Total Liabilities7.6 B9.1 B8.2 B
Increasing
Stable
Shareholders Equity3.2 B3.1 B2.9 B
Increasing
Slightly volatile
Accumulated Retained Earnings Deficit3.7 B4.6 B4.2 B
Increasing
Stable
Accumulated Other Comprehensive Income(32.8 M)(22.6 M)(22.8 M)
Decreasing
Slightly volatile
Current AssetsB6.3 B5.9 B
Increasing
Slightly volatile
Assets Non Current4.8 B5.9 B5.3 B
Increasing
Stable
Current Liabilities4.7 B5.2 B4.8 B
Increasing
Stable
Liabilities Non CurrentB3.9 B3.4 B
Increasing
Stable
Tax Liabilities455.2 M410.6 M417.4 M
Increasing
Slightly volatile
Total Debt2.3 B3.4 B2.9 B
Increasing
Stable
Debt Current702.4 K763.2 K734.1 K
Increasing
Slightly volatile
Debt Non Current2.3 B3.4 B2.9 B
Increasing
Stable
Shareholders Equity USD3.2 B3.1 B2.9 B
Increasing
Slightly volatile
Cash and Equivalents USD387.7 M601.4 M507.3 M
Increasing
Stable
Total Debt USD2.3 B3.4 B2.9 B
Increasing
Stable
Accounts Payable2.7 B3.1 BB
Increasing
Slightly volatile
Receivables525.4 M641.3 M574.1 M
Increasing
Slightly volatile
Inventories3.7 B4.3 B3.9 B
Increasing
Slightly volatile

Advance Auto Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues10.8 B11 B10.5 B
Increasing
Slightly volatile
Cost of RevenueB6.1 B5.8 B
Increasing
Slightly volatile
Selling General and Administrative ExpenseB4.1 B3.9 B
Increasing
Slightly volatile
Operating ExpensesB4.1 B3.9 B
Increasing
Slightly volatile
Interest Expense51.4 M37.8 M40 M
Increasing
Slightly volatile
Income Tax Expense246.9 M189.8 M204.8 M
Increasing
Very volatile
Consolidated Income566.2 M616.1 M583.2 M
Increasing
Stable
Net Income566.2 M616.1 M583.2 M
Increasing
Stable
Net Income Common Stock566.2 M616.1 M583.2 M
Increasing
Stable
Weighted Average Shares72.4 M64 M66.3 M
Decreasing
Very volatile
Weighted Average Shares Diluted72.8 M64.5 M66.8 M
Decreasing
Very volatile
Earning Before Interest and Taxes EBIT864.5 M843.7 M828 M
Increasing
Slightly volatile
Revenues USD10.8 B11 B10.5 B
Increasing
Slightly volatile
Net Income Common Stock USD566.2 M616.1 M583.2 M
Increasing
Stable
Earning Before Interest and Taxes USD864.5 M843.7 M828 M
Increasing
Slightly volatile
Gross Profit4.8 B4.9 B4.7 B
Increasing
Slightly volatile
Operating Income856 M838.7 M822.7 M
Increasing
Slightly volatile
Direct Expenses4.7 B5.3 BB
Increasing
Slightly volatile

Advance Auto Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Issuance Repayment of Debt Securities (169.9 M)(165.6 M)(117.9 M)
Increasing
Slightly volatile
Net Cash Flow from Operations860.8 M1.1 BB
Decreasing
Very volatile
Effect of Exchange Rate Changes on Cash 3.1 M5.6 MM
Decreasing
Stable
Net Cash Flow or Change in Cash and Cash Equivalents(99.6 M)(233.6 M)(184 M)
Decreasing
Very volatile
Share Based Compensation44 M63.1 M54.2 M
Increasing
Stable
Depreciation Amortization and Accretion272.8 M259.9 M254.3 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share8.349.628.9205
Increasing
Stable
Earnings per Diluted Share8.299.558.8538
Increasing
Stable
Earnings per Basic Share USD8.349.628.9205
Increasing
Stable
Dividends per Basic Common Share1.843.252.6782
Increasing
Stable
Return on Average Equity0.190.1880.2089
Decreasing
Slightly volatile
Return on Average Assets0.05630.0520.0569
Decreasing
Slightly volatile
Return on Invested Capital0.160.1080.1383
Decreasing
Stable
Gross Margin0.470.4480.4534
Decreasing
Stable
Profit Margin0.05470.0560.0559
Decreasing
Stable
EBITDA Margin0.110.10.1043
Decreasing
Stable
Return on Sales0.08420.0770.0804
Decreasing
Stable
Asset Turnover1.080.9211.0104
Decreasing
Stable
Payout Ratio0.20.3380.2818
Increasing
Very volatile
Enterprise Value over EBITDA15.0315.89414.8666
Increasing
Slightly volatile
Enterprise Value over EBIT20.021.019.6154
Increasing
Slightly volatile
Price to Earnings Ratio27.4324.93624.4115
Increasing
Slightly volatile
Sales per Share159172161
Increasing
Stable
Price to Sales Ratio1.421.3971.3494
Increasing
Slightly volatile
Price to Book Value4.764.7814.8303
Decreasing
Slightly volatile
Debt to Equity Ratio2.52.8982.8185
Decreasing
Stable
Dividend Yield0.00790.0140.0117
Increasing
Very volatile
Current Ratio1.381.2111.2265
Increasing
Slightly volatile
Free Cash Flow per Share8.6912.88411.4287
Increasing
Very volatile
Book Value per Share46.5848.85845.078
Increasing
Slightly volatile
Tangible Assets Book Value per Share135165148
Increasing
Stable
Total Assets Per Share101113121
Increasing
Slightly volatile
Cash Flow Per Share7.656.791610.5247
Increasing
Stable
Return on Investment26.5420.634324.4628
Decreasing
Slightly volatile
Operating Margin9.258.23198.4588
Decreasing
Slightly volatile
Calculated Tax Rate38.2337.79133.4561
Decreasing
Slightly volatile
Receivables Turnover24.1815.486121.4141
Decreasing
Slightly volatile
Inventory Turnover1.471.24971.3472
Decreasing
Slightly volatile
PPandE Turnover6.086.66046.5114
Increasing
Slightly volatile
Cash and Equivalents Turnover71.6284.917468.0644
Decreasing
Slightly volatile
Accounts Payable Turnover3.693.05053.2867
Decreasing
Slightly volatile
Accrued Expenses Turnover16.1817.324517.2116
Increasing
Stable
Interest Coverage16.1313.146415.3963
Decreasing
Stable
Long Term Debt to Equity0.430.35760.3886
Decreasing
Slightly volatile
Quick Ratio0.220.20910.2202
Increasing
Slightly volatile
Net Current Assets as percentage of Total Assets15.6518.000113.1198
Increasing
Slightly volatile
Revenue to Assets1.341.15061.177
Decreasing
Slightly volatile

Advance Auto Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax813 M805.9 M788 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.1 B1.1 B1.1 B
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD1.1 B1.1 B1.1 B
Increasing
Slightly volatile
Market Capitalization14.4 B15 B14 B
Increasing
Slightly volatile
Enterprise Value16.3 B17.5 B16.2 B
Increasing
Slightly volatile
Invested Capital6.3 B8.1 B7.2 B
Increasing
Stable
Average Equity3.2 B3.3 BB
Increasing
Slightly volatile
Average Assets10.7 B11.9 B10.9 B
Increasing
Stable
Invested Capital Average6.2 B7.8 B6.9 B
Increasing
Stable
Tangible Asset Value9.1 B10.5 B9.6 B
Increasing
Stable
Free Cash Flow574.2 M824.9 M742.4 M
Decreasing
Very volatile
Working Capital1.4 B1.1 B1.1 B
Increasing
Slightly volatile
Revenue Per Employee121 K129.6 K133.3 K
Increasing
Slightly volatile
Net Income Per EmployeeK6.2 K6.7 K
Decreasing
Stable

Advance Fundamental Market Drivers

Forward Price Earnings11.59
Short Percent Of Float6.84%
Average Daily Volume Last 10 Day752.16k
Shares Short Prior Month3.42M
Average Daily Volume In Three Month860.22k
Date Short Interest29th of April 2022
Fifty Day Average211.24
Two Hundred Day Average218.75

Advance Upcoming Events

Upcoming Quarterly Report15th of February 2022
Next Financial Report1st of June 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End15th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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 2022
Cost of Revenue6.1 BB
Revenues11 B10.8 B
Revenue to Assets 1.15  1.34 
Revenue Per Employee129.6 K121 K
Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company was founded in 1929 and is based in Raleigh, North Carolina. Advance Auto operates under Specialty Retail classification in the United States and is traded on New York Stock Exchange. It employs 41000 people.

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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.

Advance Auto Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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
Please continue to 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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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 Advance Auto value 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.