Advance Historical Income Statement
| AAP Stock | USD 41.35 3.09 6.95% |
Historical analysis of Advance Auto income statement accounts such as Interest Expense of 92.5 M, Selling General Administrative of 2.6 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.
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.
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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
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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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Advance Auto income statement and is an important metric when analyzing Advance Auto Parts profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.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 closely tied 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 11/30/2024, EBITDA is likely to grow to about 729.5 M, while Total Revenue is likely to drop slightly above 7.2 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.9B | 5.0B | 4.5B | 3.2B | Total Revenue | 11.0B | 11.2B | 11.3B | 7.2B |
Advance Auto income statement Correlations
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Advance Auto Account Relationship Matchups
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Advance Auto income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 238.8M | 250.1M | 259.9M | 283.8M | 306.5M | 198.0M | |
| Interest Expense | 39.9M | 46.9M | 37.8M | 51.1M | 88.1M | 92.5M | |
| Selling General Administrative | 3.5B | 3.6B | 3.9B | 4.1B | 4.3B | 2.6B | |
| Total Revenue | 9.7B | 10.1B | 11.0B | 11.2B | 11.3B | 7.2B | |
| Gross Profit | 4.3B | 4.5B | 4.9B | 5.0B | 4.5B | 3.2B | |
| Other Operating Expenses | 9.0B | 9.4B | 10.2B | 10.4B | 11.2B | 6.6B | |
| Operating Income | 677.2M | 749.9M | 838.7M | 714.2M | 114.4M | 108.7M | |
| Ebit | 677.2M | 697.9M | 843.7M | 655.4M | 119.9M | 113.9M | |
| Ebitda | 916.0M | 948.0M | 1.1B | 939.2M | 426.4M | 729.5M | |
| Cost Of Revenue | 5.5B | 5.6B | 6.1B | 6.2B | 6.8B | 3.9B | |
| Total Operating Expenses | 3.6B | 3.7B | 4.1B | 4.2B | 4.4B | 2.7B | |
| Income Before Tax | 637.7M | 651.0M | 805.9M | 648.7M | 31.8M | 30.3M | |
| Total Other Income Expense Net | (39.4M) | (98.9M) | (39.9M) | (65.9M) | (82.5M) | (78.4M) | |
| Net Income | 486.9M | 493.0M | 596.6M | 464.4M | 29.7M | 28.2M | |
| Income Tax Expense | 150.9M | 158.0M | 189.8M | 146.8M | 2.1M | 2.0M | |
| Net Income Applicable To Common Shares | 486.9M | 493.0M | 616.1M | 501.9M | 577.2M | 362.5M | |
| Net Income From Continuing Ops | 788.6M | 493.0M | 616.1M | 501.9M | 205.3M | 195.1M | |
| Non Operating Income Net Other | 7.6M | 464K | (52.0M) | 5.0M | 4.5M | 4.7M | |
| Selling And Marketing Expenses | 117.3M | 132.3M | 178M | 164M | 151.8M | 130.4M | |
| Tax Provision | 150.9M | 158.0M | 189.8M | 146.8M | 58.1M | 55.2M | |
| Interest Income | 41.6M | 46.9M | 37.8M | 55.5M | 49.9M | 43.1M | |
| Net Interest Income | (39.9M) | (46.9M) | (37.8M) | (51.1M) | (85.9M) | (90.2M) | |
| Reconciled Depreciation | 238.4M | 250.1M | 259.9M | 283.8M | 303.6M | 286.5M |
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 against Advance Stock
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.Additional Tools for Advance Stock Analysis
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.