Advance Return on Average Assets Trend from 2010 to 2020

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AAP -- USA Stock  

Fiscal Quarter End: 30th of June 2020  

Advance Auto Return on Average Assets yearly trend continues to be very stable with very little volatility. Return on Average Assets are likely to drop to 0.0006. During the period from 2010 to 2020, Advance Auto Return on Average Assets quarterly data regression pattern had sample variance of 0.00084189 and median of  0.06. Advance Auto Selling General and Administrative Expense is very stable at the moment as compared to the last year. Advance Auto reported last year Selling General and Administrative Expense of 3.47 Billion.

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Check Advance Auto financial statements over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Direct Expenses of 4.6 B, Consolidated Income of 484.2 M or Cost of Revenue of 5.3 B, as well as many exotic indicators such as Interest Coverage of 16.12, Long Term Debt to Equity of 0.4308 or Calculated Tax Rate of 38.62. This can be a perfect complement to check Advance Auto Valuation or Volatility. It can also complement various Advance Auto Technical models. Please continue to the analysis of Advance Auto Correlation with competitors.

Advance Return on Average Assets Marginal Breakdown

Showing smoothed Return on Average Assets of Advance Auto Parts with missing and latest data points interpolated. Return on assets measures how profitable a company is Net Income Common Stock relative to its total assets [AssetsAvg].
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0.06 

          10 Years Trend
Decreasing
Slightly volatile
 Return on Average Assets 
      Timeline 

Advance Return on Average Assets Regression Statistics

Arithmetic Mean 0.06
Geometric Mean 0.040263
Coefficient Of Variation 49.59
Mean Deviation 0.017451
Median 0.06
Standard Deviation 0.029015
Sample Variance 0.00084189
Range 0.11
R-Value(0.84)
Mean Square Error 0.00027924
R-Squared 0.70
Significance 0.001293
Slope(0.007327)
Total Sum of Squares 0.008419

Advance Return on Average Assets Over Time

2010  0.10 
2011  0.11 
2012  0.06 
2016  0.06 
2017  0.044 
2020  0.0006 

About Advance Auto Financial Statement Charts

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 Return on Average Assets, 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.
 2012 2016 2017 2020 (projected)
Receivables597.79 M641.25 M689.47 M513.73 M
Inventories4.17 B4.33 B4.43 B3.65 B
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 USA and is traded on BATS Exchange. It employs 000 people.

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Advance Auto Parts Investor Sentiment

Greater number of Macroaxis users are presently bullish on Advance Auto Parts. What is your sentiment towards investing in Advance Auto Parts? Are you bullish or bearish?
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Advance Auto Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Advance Auto and Best Buy. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Please continue to the analysis of Advance Auto Correlation with competitors. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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