Advance Auto Parts Inc (AAP)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,094,330 | 11,287,600 | 11,154,700 | 10,998,000 | 10,106,300 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $9,094,330K ÷ $—K
= —
The receivables turnover ratios for Advance Auto Parts Inc from December 31, 2020, to December 31, 2024, are not provided in the data. As a result, it is not possible to assess how many times the company collected its accounts receivable during those periods. The receivables turnover ratio is a key metric that indicates the efficiency of a company in collecting outstanding receivables from its customers. A higher receivables turnover ratio generally signifies more efficient credit and collection policies.
Without the specific figures for Advance Auto Parts Inc, it is challenging to evaluate the effectiveness of the company in managing its accounts receivable and collecting payments from its customers promptly. An increasing trend in the receivables turnover ratio over time would typically indicate an improvement in the company's credit management practices and liquidity position. Conversely, a decreasing trend could suggest potential issues with credit policies or difficulties in collecting receivables.
In conclusion, since the receivables turnover data is not available for the specified periods, a detailed analysis of Advance Auto Parts Inc's performance in this regard cannot be provided at this time.
Peer comparison
Dec 31, 2024