Advance Historical Balance Sheet

AAP
 Stock
  

USD 207.02  0.47  0.23%   

Trend analysis of Advance Auto Parts balance sheet accounts such as Receivables of 749.5 M, Accounts Payable of 3.7 B or Total Assets of 10.8 B provides information on Advance Auto's total assets, liabilities, and equity, which is the actual value of Advance Auto Parts to its prevalent stockholders. By breaking down trends over time using Advance Auto balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year. Financial Statement Analysis is much more than just reviewing and breaking down Advance Auto Parts prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Advance Auto Parts is a good buy for the upcoming year.
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About Advance Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Advance Auto Parts at a specified time, usually calculated after every quarter, six months, or one year. Advance Auto Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Advance Auto and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Advance currently owns. An asset can also be divided into two categories, current and non-current.

Advance Auto Balance Sheet Chart

Advance Auto Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Advance Auto Parts uses and utilizes its capital. It also shows what exactly a company owns and owes.
Advance Auto Inventories is very stable at the moment as compared to the past year. Advance Auto reported last year Inventories of 4.66 Billion. As of 19th of August 2022, Shareholders Equity is likely to grow to about 3.2 B, while Accumulated Other Comprehensive Income is likely to drop (32.8 M).

Total Assets

Total assets refers to the total amount of Advance Auto assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Advance Auto Parts books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; Goodwill and Intangible Assets; Property Plant and Equipment Net; [TaxAssets] and Trade and Non Trade Receivables.

Current Assets

Current assets of Advance Auto Parts include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Advance Auto. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Total Liabilities

Deferred Income Tax is recorded on Advance Auto Parts balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Advance Auto books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most accounts from Advance Auto balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Advance Auto Parts current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Please continue to Trending Equities.Advance Auto Inventories is very stable at the moment as compared to the past year. Advance Auto reported last year Inventories of 4.66 Billion. As of 19th of August 2022, Shareholders Equity is likely to grow to about 3.2 B, while Accumulated Other Comprehensive Income is likely to drop (32.8 M).
 2011 2012 2016 2022 (projected)
Receivables140.01 M782.78 M641.25 M749.49 M
Inventories2.04 B4.66 B4.33 B4.73 B

Advance Auto balance sheet Correlations

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1.00.990.620.650.580.510.530.00.530.660.660.670.590.610.570.640.490.660.05
0.980.990.610.620.580.530.550.010.550.610.60.620.590.60.570.620.520.62-0.04
0.580.620.610.980.990.940.96-0.380.960.930.890.940.991.00.981.00.930.97-0.28
0.620.650.620.980.950.870.89-0.360.890.980.960.990.950.970.931.00.851.0-0.1
0.520.580.580.990.950.980.99-0.390.990.870.820.881.00.991.00.970.970.93-0.41
0.440.510.530.940.870.981.0-0.391.00.750.690.770.980.960.990.911.00.84-0.56
0.460.530.550.960.890.991.0-0.391.00.780.730.80.990.971.00.931.00.86-0.53
0.030.00.01-0.38-0.36-0.39-0.39-0.39-0.39-0.31-0.29-0.32-0.39-0.39-0.39-0.37-0.39-0.340.15
0.460.530.550.960.890.991.01.0-0.390.780.730.80.990.971.00.931.00.86-0.53
0.650.660.610.930.980.870.750.78-0.310.781.01.00.880.910.840.960.730.990.08
0.650.660.60.890.960.820.690.73-0.290.731.00.990.830.870.790.930.670.970.15
0.650.670.620.940.990.880.770.8-0.320.81.00.990.890.920.860.970.750.990.06
0.530.590.590.990.951.00.980.99-0.390.990.880.830.891.01.00.980.970.94-0.38
0.560.610.61.00.970.990.960.97-0.390.970.910.870.921.00.990.990.940.96-0.31
0.510.570.570.980.931.00.991.0-0.391.00.840.790.861.00.990.960.980.91-0.45
0.60.640.621.01.00.970.910.93-0.370.930.960.930.970.980.990.960.890.99-0.19
0.420.490.520.930.850.971.01.0-0.391.00.730.670.750.970.940.980.890.82-0.59
0.630.660.620.971.00.930.840.86-0.340.860.990.970.990.940.960.910.990.82-0.06
0.130.05-0.04-0.28-0.1-0.41-0.56-0.530.15-0.530.080.150.06-0.38-0.31-0.45-0.19-0.59-0.06
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Advance Auto Account Relationship Matchups

Advance Auto Investors Sentiment

The influence of Advance Auto's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Advance. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Advance Auto's public news can be used to forecast risks associated with investment in Advance. The trend in average sentiment can be used to explain how an investor holding Advance can time the market purely based on public headlines and social activities around Advance Auto Parts. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Advance Auto's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Advance Auto's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Advance Auto's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Advance Auto.

Advance Auto Implied Volatility

    
  82.78  
Advance Auto's implied volatility exposes the market's sentiment of Advance Auto Parts stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Advance Auto's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Advance Auto stock will not fluctuate a lot when Advance Auto's options are near their expiration.
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 together with Advance Auto

0.63BBBYBed Bath Beyond Normal TradingPairCorr
0.79BGFVBig 5 Sporting Normal TradingPairCorr
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 Trending Equities. 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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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When running Advance Auto Parts 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 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 YOY
-0.2
Market Capitalization
12.6 B
Quarterly Revenue Growth YOY
0.013
Return On Assets
0.0434
Return On Equity
0.18
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.