Advance Net Income vs Cost of Revenue Analysis

AAP Stock  USD 85.32  1.07  1.27%   
Advance Auto financial indicator trend analysis is way more than just evaluating Advance Auto Parts prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advance Auto Parts is a good investment. Please check the relationship between Advance Auto Net Income and its Cost Of Revenue accounts. 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.

Net Income vs Cost Of Revenue

Net Income vs Cost of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advance Auto Parts Net Income account and Cost of Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Advance Auto's Net Income and Cost of Revenue is 0.45. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost of Revenue in the same time period over historical financial statements of Advance Auto Parts, assuming nothing else is changed. The correlation between historical values of Advance Auto's Net Income and Cost of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Advance Auto Parts are associated (or correlated) with its Cost of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost of Revenue has no effect on the direction of Net Income i.e., Advance Auto's Net Income and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.45
Relationship DirectionPositive 
Relationship StrengthWeak

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Advance Auto Parts financial statement analysis. It represents the amount of money remaining after all of Advance Auto Parts operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Cost Of Revenue

Cost of Revenue is found on Advance Auto Parts income statement and represents the costs associated with goods and services Advance Auto provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most indicators from Advance Auto's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.
As of 03/28/2024, Selling General Administrative is likely to drop to about 2.7 B. In addition to that, Tax Provision is likely to drop to about 55.2 M
 2021 2022 2023 2024 (projected)
Gross Profit4.9B5.0B4.5B3.2B
Total Revenue11.0B11.2B11.3B7.2B

Advance Auto fundamental ratios Correlations

0.720.870.2-0.570.2-0.190.8-0.60.980.80.890.660.840.770.89-0.430.950.820.97-0.450.680.97-0.560.920.9
0.720.330.38-0.540.380.190.9-0.030.560.920.360.720.80.770.46-0.40.690.820.590.030.250.79-0.560.410.61
0.870.33-0.11-0.32-0.11-0.480.53-0.820.950.490.980.470.650.540.94-0.40.840.610.95-0.650.680.79-0.290.980.8
0.20.38-0.11-0.331.00.140.210.090.130.410.080.460.260.010.14-0.30.180.250.090.130.00.13-0.340.070.24
-0.57-0.54-0.32-0.33-0.33-0.6-0.620.18-0.51-0.64-0.3-0.26-0.63-0.46-0.39-0.05-0.53-0.65-0.450.13-0.36-0.531.0-0.35-0.45
0.20.38-0.111.0-0.330.140.210.090.130.410.080.460.260.010.14-0.30.180.250.090.130.00.13-0.340.070.24
-0.190.19-0.480.14-0.60.140.080.52-0.310.08-0.52-0.21-0.050.01-0.410.37-0.20.01-0.340.43-0.23-0.14-0.62-0.47-0.27
0.80.90.530.21-0.620.210.08-0.230.70.980.510.60.950.780.57-0.240.750.980.7-0.220.450.85-0.640.560.67
-0.6-0.03-0.820.090.180.090.52-0.23-0.72-0.21-0.81-0.4-0.43-0.25-0.810.33-0.73-0.35-0.720.74-0.37-0.440.14-0.78-0.65
0.980.560.950.13-0.510.13-0.310.7-0.720.690.960.580.790.680.94-0.40.920.760.99-0.560.730.91-0.490.980.89
0.80.920.490.41-0.640.410.080.98-0.210.690.510.680.950.730.58-0.310.740.970.69-0.170.430.83-0.660.560.69
0.890.360.980.08-0.30.08-0.520.51-0.810.960.510.550.650.510.96-0.480.850.590.96-0.630.680.78-0.270.990.83
0.660.720.470.46-0.260.46-0.210.6-0.40.580.680.550.680.370.7-0.850.730.620.65-0.070.030.6-0.270.530.7
0.840.80.650.26-0.630.26-0.050.95-0.430.790.950.650.680.670.73-0.350.810.990.79-0.350.450.83-0.640.680.73
0.770.770.540.01-0.460.010.010.78-0.250.680.730.510.370.670.51-0.110.730.70.68-0.190.520.86-0.470.590.63
0.890.460.940.14-0.390.14-0.410.57-0.810.940.580.960.70.730.51-0.60.90.660.96-0.580.480.77-0.370.940.82
-0.43-0.4-0.4-0.3-0.05-0.30.37-0.240.33-0.4-0.31-0.48-0.85-0.35-0.11-0.6-0.47-0.27-0.5-0.140.12-0.36-0.06-0.44-0.47
0.950.690.840.18-0.530.18-0.20.75-0.730.920.740.850.730.810.730.9-0.470.770.94-0.510.510.88-0.510.870.9
0.820.820.610.25-0.650.250.010.98-0.350.760.970.590.620.990.70.66-0.270.770.75-0.310.470.83-0.670.630.7
0.970.590.950.09-0.450.09-0.340.7-0.720.990.690.960.650.790.680.96-0.50.940.75-0.530.640.91-0.430.970.88
-0.450.03-0.650.130.130.130.43-0.220.74-0.56-0.17-0.63-0.07-0.35-0.19-0.58-0.14-0.51-0.31-0.53-0.43-0.310.11-0.59-0.4
0.680.250.680.0-0.360.0-0.230.45-0.370.730.430.680.030.450.520.480.120.510.470.64-0.430.7-0.340.730.62
0.970.790.790.13-0.530.13-0.140.85-0.440.910.830.780.60.830.860.77-0.360.880.830.91-0.310.7-0.520.840.86
-0.56-0.56-0.29-0.341.0-0.34-0.62-0.640.14-0.49-0.66-0.27-0.27-0.64-0.47-0.37-0.06-0.51-0.67-0.430.11-0.34-0.52-0.33-0.42
0.920.410.980.07-0.350.07-0.470.56-0.780.980.560.990.530.680.590.94-0.440.870.630.97-0.590.730.84-0.330.86
0.90.610.80.24-0.450.24-0.270.67-0.650.890.690.830.70.730.630.82-0.470.90.70.88-0.40.620.86-0.420.86
Click cells to compare fundamentals

Advance Auto Account Relationship Matchups

Advance Auto fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.2B11.8B12.2B12.0B13.0B13.7B
Total Stockholder Equity3.5B3.6B3.1B2.7B2.5B1.8B
Net Debt2.3B2.2B2.8B3.4B3.9B4.1B
Cash418.7M835.0M601.4M269.3M503.5M279.7M
Other Assets52.4M52.3M73.7M62.4M1.00.95
Cash And Short Term Investments418.7M835.0M601.4M269.3M503.5M279.7M
Common Stock Shares Outstanding74.0M71.2M69.0M64.5M59.6M66.8M
Liabilities And Stockholders Equity11.2B11.8B12.2B12.0B13.0B13.7B
Inventory4.4B4.5B4.7B4.9B4.9B2.9B
Other Stockholder Equity(189.2M)(610.4M)(1.5B)(2.0B)(2.0B)(1.9B)
Total Liab7.7B8.3B9.1B9.3B10.5B11.0B
Total Current Assets5.7B6.3B6.3B6.0B6.4B3.6B
Short Long Term Debt Total2.8B3.0B3.4B3.7B4.4B4.7B
Other Current Liab1.1B1.1B1.3B645.9M565.6M338.0M
Total Current Liabilities4.5B4.7B5.2B5.4B5.3B2.9B
Other Liab457.3M488.7M513.6M503.2M578.7M607.6M
Property Plant And Equipment Net3.8B3.8B4.2B4.3B4.2B4.4B
Current Deferred Revenue(478.0M)(462.6M)(465.1M)416.0M118.8M181.5M
Retained Earnings3.8B4.2B4.6B4.7B4.6B4.8B
Accounts Payable3.4B3.6B3.9B4.1B4.2B2.2B
Non Current Assets Total5.6B5.6B5.9B6.0B6.6B7.0B
Non Currrent Assets Other52.4M52.3M73.7M(353.6M)(143.9M)(136.7M)
Long Term Debt747.3M1.0B1.0B1.2B1.8B1.9B
Net Receivables689.5M750.0M782.8M698.6M800.1M840.1M
Non Current Liabilities Total3.2B3.5B3.9B4.0B5.2B5.4B
Other Current Assets155.2M146.8M232.2M163.7M215.7M226.5M
Property Plant And Equipment Gross3.8B3.8B1.5B4.3B7.1B7.4B
Accumulated Other Comprehensive Income(34.6M)(26.8M)(22.6M)(45.1M)(52.2M)(49.6M)
Short Term Debt478.0M462.6M465.1M185M445.1M467.3M
Property Plant Equipment1.4B1.5B1.5B4.3B4.9B5.2B
Treasury Stock(426.0M)(924.4M)(1.4B)(2.3B)(2.1B)(2.0B)
Good Will992.2M993.6M993.7M990.5M991.7M608.6M
Intangible Assets709.8M681.1M651.2M620.9M593.3M393.2M
Net Tangible Assets3.9B4.9B2.5B1.1B1.2B2.0B
Retained Earnings Total Equity3.3B3.8B4.2B4.6B5.3B2.7B
Long Term Debt Total747.3M1.0B1.0B1.2B1.4B1.0B
Capital Surpluse735.2M783.7M845.4M897.6M1.0B723.8M
Deferred Long Term Liab303.6M318.4M334.0M342.4M393.8M218.7M

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.

Moving together with Advance Stock

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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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.

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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.
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.