Advance Auto Parts Inc (AAP)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 7, 2023 | Sep 30, 2023 | Jul 15, 2023 | Jun 30, 2023 | Apr 22, 2023 | Mar 31, 2023 | Dec 31, 2022 | Oct 8, 2022 | Sep 30, 2022 | Jun 30, 2022 | Apr 23, 2022 | Mar 31, 2022 | Dec 31, 2021 | Oct 9, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,233,310 | 10,702,160 | 11,273,250 | 11,309,280 | 10,589,100 | 10,810,300 | 11,508,810 | 12,207,320 | 11,994,990 | 11,950,260 | 11,174,010 | 10,421,850 | 11,314,910 | 12,047,780 | 11,803,420 | 11,759,220 | 11,013,650 | 10,288,860 | 10,541,300 | 11,250,440 |
| Receivables | US$ in thousands | — | — | — | — | — | 868,305 | — | 793,772 | — | 782,093 | — | — | 845,667 | — | — | 957,799 | — | — | 931,758 | — |
| Receivables turnover | — | — | — | — | — | 12.45 | — | 15.38 | — | 15.28 | — | — | 13.38 | — | — | 12.28 | — | — | 11.31 | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,233,310K ÷ $—K
= —
The receivables turnover ratio for Advance Auto Parts Inc has shown fluctuations over the periods provided. The ratio indicates how efficiently the company is able to collect on its credit sales during a specific time frame.
Based on the data provided, the receivables turnover ratio ranged from 11.31 to 15.38, with the highest being 15.38 on July 15, 2023. This suggests that Advance Auto Parts Inc was able to convert its accounts receivable into cash more effectively during that period compared to other periods.
However, some periods, such as September 30, 2021, December 31, 2021, and various dates in 2022, 2023, and beyond, show that the receivables turnover ratio was missing or not calculated. This could be due to various reasons like changes in accounting practices, fluctuations in sales volume, or other internal factors affecting the timing of collections from customers.
Overall, monitoring the receivables turnover ratio over time can help evaluate the company's effectiveness in managing its credit sales and collecting outstanding receivables. Fluctuations in this ratio can provide insights into the company's liquidity, credit policies, and overall financial health.
Peer comparison
Dec 31, 2024