Advance Historical Income Statement

AAP Stock  USD 85.32  1.07  1.27%   
Historical analysis of Advance Auto income statement accounts such as Interest Expense of 92.5 M, Selling General Administrative of 2.7 B or Total Revenue of 7.2 B can show how well Advance Auto Parts performed in making a profits. Evaluating Advance Auto income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Advance Auto's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Advance Auto Parts latest 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.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advance Auto Parts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

About Advance Income Statement Analysis

Advance Auto Parts Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Advance Auto shareholders. The income statement also shows Advance investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Advance Auto Income Statement Chart

Advance Auto Parts Income Statement is one of the three primary financial statements used for reporting Advance's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Advance Auto Parts revenue and expense. Advance Auto Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Advance Auto's Interest Expense is relatively stable compared to the past year. As of 03/28/2024, EBITDA is likely to grow to about 733.5 M, while Total Revenue is likely to drop slightly above 7.2 B.

Total Revenue

Total revenue comprises all receipts Advance Auto Parts generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Advance Auto Parts minus its cost of goods sold. It is profit before Advance Auto operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Advance Auto Parts. It is also known as Advance Auto overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from Advance Auto's income statement are interrelated and interconnected. However, analyzing income statement 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 income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advance Auto Parts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
At this time, Advance Auto's Interest Expense is relatively stable compared to the past year. As of 03/28/2024, EBITDA is likely to grow to about 733.5 M, while Total Revenue is likely to drop slightly above 7.2 B.
 2021 2022 2023 2024 (projected)
Gross Profit4.9B5.0B4.5B3.2B
Total Revenue11.0B11.2B11.3B7.2B

Advance Auto income statement Correlations

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Advance Auto Account Relationship Matchups

Advance Auto income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization238.8M246.1M264.9M276.8M306.5M197.8M
Interest Expense39.9M46.9M37.8M51.1M88.1M92.5M
Selling General Administrative3.5B3.6B3.9B4.1B4.4B2.7B
Total Revenue9.7B10.1B11.0B11.2B11.3B7.2B
Gross Profit4.3B4.5B4.9B5.0B4.5B3.2B
Other Operating Expenses9.0B9.4B10.2B10.4B11.2B6.6B
Operating Income677.2M749.9M838.7M714.2M114.4M108.7M
Ebit677.2M749.9M838.7M714.2M114.4M108.7M
Ebitda916.0M996.0M1.1B991.0M420.8M733.5M
Cost Of Revenue5.5B5.6B6.1B6.2B6.8B3.9B
Total Operating Expenses3.6B3.7B4.1B4.2B4.4B2.7B
Income Before Tax637.7M651.0M805.9M648.7M31.8M30.3M
Total Other Income Expense Net(39.4M)(98.9M)(32.8M)(65.5M)(82.5M)(78.4M)
Net Income486.9M493.0M596.6M464.4M29.7M28.2M
Income Tax Expense150.9M158.0M189.8M146.8M2.1M2.0M
Net Income Applicable To Common Shares486.9M493.0M616.1M501.9M577.2M362.5M
Net Income From Continuing Ops788.6M493.0M616.1M501.9M205.3M195.1M
Non Operating Income Net Other7.6M464K(52.0M)5.0M4.5M4.7M
Tax Provision150.9M158.0M189.8M146.8M58.1M55.2M
Interest Income41.6M46.9M37.8M55.5M49.9M43.1M
Net Interest Income(39.9M)(46.9M)(37.8M)(51.1M)(85.9M)(90.2M)
Reconciled Depreciation238.4M250.1M259.9M283.8M303.6M286.5M

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 market does not have 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 an 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 equities 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

    
  60.48  
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.

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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 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.
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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Advance Auto Parts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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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.