Advance Total Assets from 2010 to 2024

AAP Stock

USD 38.69 0.06 0.16%

Advance Auto Total Assets yearly trend continues to be relatively stable with very little volatility. Total Assets are likely to grow to about 12.9 B this year. Total Assets is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. View All Fundamentals

Total Assets

First Reported

2000-03-31

Previous Quarter

12.3 B

Current Value

12.5 B

Quarterly Volatility

4 B

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check Advance Auto financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Advance Auto's main balance sheet or income statement drivers, such as Depreciation And Amortization of 198 M, Interest Expense of 92.5 M or Selling General Administrative of 2.6 B, as well as many indicators such as Price To Sales Ratio of 0.7, Dividend Yield of 0.0358 or PTB Ratio of 4.85. Advance financial statements analysis is a perfect complement when working with Advance Auto Valuation or Volatility modules.

Check out the analysis of Advance Auto Correlation against competitors.

Latest Advance Auto's Total Assets Growth Pattern

Below is the plot of the Total Assets of Advance Auto Parts over the last few years. 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. It is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. Advance Auto's Total Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Advance Auto's overall financial position and show how it may be relating to other accounts over time.

View

Last Reported 12.28 B

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Total Assets

Timeline

Advance Total Assets Regression Statistics

	Arithmetic Mean	8,631,325,820
	Geometric Mean	7,561,656,728
	Coefficient Of Variation	41.32
	Mean Deviation	2,807,553,675
	Median	8,482,301,000
	Standard Deviation	3,566,306,316
	Sample Variance	12718540.7T
	Range	11.6B
	R-Value	0.96
	Mean Square Error	990245.2T
	R-Squared	0.93
	Slope	768,082,918
	Total Sum of Squares	178059570.4T

Advance Total Assets History

	2024	12.9 B
	2023	12.3 B
	2022	12 B
	2021	12.2 B
	2020	11.8 B
	2019	11.2 B
	2018	9 B

Other Fundumenentals of Advance Auto Parts

Intangibles To Total Assets

Advance Auto Total Assets component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Total Liab	Total Current Assets	Current Deferred Revenue	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Short Term Debt	Common Stock	Property Plant Equipment	Treasury Stock	Good Will	Intangible Assets	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.75	0.86	0.98	0.83	-0.68	0.95	0.84	0.65	0.97	0.77	-0.57	0.65	-0.63	0.79	0.75	0.54	0.46	0.87	0.72	0.82	0.58	-0.43	-0.73	-0.43
Total Stockholder Equity	0.75		0.36	0.59	0.92	-0.45	0.68	0.81	0.25	0.79	0.4	-0.57	0.09	-0.16	0.88	0.83	0.64	0.37	0.61	0.8	0.37	0.67	-0.14	-0.25	0.11
Net Debt	0.86	0.36		0.94	0.52	-0.67	0.85	0.64	0.65	0.79	0.83	-0.31	0.81	-0.81	0.54	0.55	0.35	0.29	0.83	0.5	0.93	0.29	-0.48	-0.92	-0.59
Total Liab	0.98	0.59	0.94		0.73	-0.68	0.93	0.79	0.7	0.92	0.81	-0.52	0.76	-0.73	0.68	0.66	0.44	0.45	0.88	0.63	0.88	0.48	-0.48	-0.83	-0.53
Total Current Assets	0.83	0.92	0.52	0.73		-0.42	0.74	0.96	0.43	0.83	0.44	-0.66	0.3	-0.32	0.89	0.82	0.46	0.58	0.78	0.77	0.47	0.54	-0.2	-0.41	0.05
Current Deferred Revenue	-0.68	-0.45	-0.67	-0.68	-0.42		-0.74	-0.38	-0.25	-0.6	-0.91	0.05	-0.43	0.66	-0.34	-0.32	-0.75	0.09	-0.7	-0.39	-0.85	-0.71	0.46	0.67	0.45
Retained Earnings	0.95	0.68	0.85	0.93	0.74	-0.74		0.77	0.51	0.88	0.78	-0.52	0.68	-0.79	0.68	0.62	0.55	0.27	0.88	0.7	0.84	0.64	-0.46	-0.77	-0.45
Accounts Payable	0.84	0.81	0.64	0.79	0.96	-0.38	0.77		0.47	0.83	0.48	-0.67	0.41	-0.45	0.86	0.82	0.36	0.57	0.83	0.75	0.55	0.38	-0.25	-0.55	0.01
Long Term Debt	0.65	0.25	0.65	0.7	0.43	-0.25	0.51	0.47		0.7	0.36	-0.34	0.73	-0.29	0.52	0.5	-0.09	0.73	0.54	0.32	0.44	0.18	-0.18	-0.39	-0.69
Net Receivables	0.97	0.79	0.79	0.92	0.83	-0.6	0.88	0.83	0.7		0.67	-0.53	0.58	-0.49	0.88	0.85	0.49	0.5	0.8	0.79	0.7	0.58	-0.39	-0.6	-0.42
Short Term Debt	0.77	0.4	0.83	0.81	0.44	-0.91	0.78	0.48	0.36	0.67		-0.19	0.53	-0.74	0.37	0.39	0.7	0.04	0.73	0.42	0.95	0.5	-0.52	-0.8	-0.5
Common Stock	-0.57	-0.57	-0.31	-0.52	-0.66	0.05	-0.52	-0.67	-0.34	-0.53	-0.19		-0.3	0.23	-0.46	-0.4	-0.14	-0.53	-0.39	-0.36	-0.22	-0.23	0.1	0.19	0.1
Property Plant Equipment	0.65	0.09	0.81	0.76	0.3	-0.43	0.68	0.41	0.73	0.58	0.53	-0.3		-0.68	0.26	0.21	-0.03	0.32	0.7	0.32	0.7	0.13	-0.21	-0.74	-0.8
Treasury Stock	-0.63	-0.16	-0.81	-0.73	-0.32	0.66	-0.79	-0.45	-0.29	-0.49	-0.74	0.23	-0.68		-0.22	-0.19	-0.3	0.01	-0.73	-0.3	-0.84	-0.33	0.58	0.85	0.45
Good Will	0.79	0.88	0.54	0.68	0.89	-0.34	0.68	0.86	0.52	0.88	0.37	-0.46	0.26	-0.22		0.98	0.4	0.51	0.66	0.82	0.39	0.47	-0.16	-0.35	-0.01
Intangible Assets	0.75	0.83	0.55	0.66	0.82	-0.32	0.62	0.82	0.5	0.85	0.39	-0.4	0.21	-0.19	0.98		0.42	0.47	0.59	0.77	0.4	0.4	-0.17	-0.35	0.01
Net Tangible Assets	0.54	0.64	0.35	0.44	0.46	-0.75	0.55	0.36	-0.09	0.49	0.7	-0.14	-0.03	-0.3	0.4	0.42		-0.2	0.4	0.46	0.57	0.74	-0.17	-0.32	-0.02
Long Term Debt Total	0.46	0.37	0.29	0.45	0.58	0.09	0.27	0.57	0.73	0.5	0.04	-0.53	0.32	0.01	0.51	0.47	-0.2		0.37	0.22	0.11	0.03	-0.03	-0.13	-0.12
Capital Surpluse	0.87	0.61	0.83	0.88	0.78	-0.7	0.88	0.83	0.54	0.8	0.73	-0.39	0.7	-0.73	0.66	0.59	0.4	0.37		0.69	0.82	0.46	-0.37	-0.8	-0.35
Deferred Long Term Liab	0.72	0.8	0.5	0.63	0.77	-0.39	0.7	0.75	0.32	0.79	0.42	-0.36	0.32	-0.3	0.82	0.77	0.46	0.22	0.69		0.45	0.43	-0.18	-0.4	-0.1
Short Long Term Debt	0.82	0.37	0.93	0.88	0.47	-0.85	0.84	0.55	0.44	0.7	0.95	-0.22	0.7	-0.84	0.39	0.4	0.57	0.11	0.82	0.45		0.44	-0.49	-0.92	-0.54
Cash And Equivalents	0.58	0.67	0.29	0.48	0.54	-0.71	0.64	0.38	0.18	0.58	0.5	-0.23	0.13	-0.33	0.47	0.4	0.74	0.03	0.46	0.43	0.44		-0.27	-0.19	-0.18
Net Invested Capital	-0.43	-0.14	-0.48	-0.48	-0.2	0.46	-0.46	-0.25	-0.18	-0.39	-0.52	0.1	-0.21	0.58	-0.16	-0.17	-0.17	-0.03	-0.37	-0.18	-0.49	-0.27		0.52	0.25
Net Working Capital	-0.73	-0.25	-0.92	-0.83	-0.41	0.67	-0.77	-0.55	-0.39	-0.6	-0.8	0.19	-0.74	0.85	-0.35	-0.35	-0.32	-0.13	-0.8	-0.4	-0.92	-0.19	0.52		0.43
Capital Stock	-0.43	0.11	-0.59	-0.53	0.05	0.45	-0.45	0.01	-0.69	-0.42	-0.5	0.1	-0.8	0.45	-0.01	0.01	-0.02	-0.12	-0.35	-0.1	-0.54	-0.18	0.25	0.43

Click cells to compare fundamentals

About Advance Auto Financial Statements

Advance Auto shareholders use historical fundamental indicators, such as Total Assets, to determine how well the company is positioned to perform in the future. Although Advance Auto investors may analyze each financial statement separately, they are all interrelated. The changes in Advance Auto's assets and liabilities, for example, are also reflected in the revenues and expenses on on Advance Auto's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Total Assets	12.3 B	12.9 B
Intangibles To Total Assets	0.12	0.08

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

0.64	BBW	Build A Bear Earnings Call This Week	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.51	DLTH	Duluth Holdings Earnings Call This Week	Pair Corr
0.47	FIVE	Five Below Earnings Call This Week	Pair Corr
0.45	BQ	Boqii Holding Limited	Pair Corr

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 Correlation Correlation Matching

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC