Advance Auto Parts Inc (AAP)
Total asset 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 |
| Total assets | US$ in thousands | 10,798,100 | 12,468,200 | 12,289,800 | 12,201,100 | 13,000,800 | 12,249,200 | 12,248,900 | 12,299,200 | 12,304,400 | 12,177,300 | 12,182,200 | 11,986,400 | 12,129,300 | 12,132,100 | 12,138,000 | 12,002,500 | 12,002,500 | 12,194,200 | 11,864,200 | 11,864,200 |
| Total asset turnover | 0.95 | 0.86 | 0.92 | 0.93 | 0.81 | 0.88 | 0.94 | 0.99 | 0.97 | 0.98 | 0.92 | 0.87 | 0.93 | 0.99 | 0.97 | 0.98 | 0.92 | 0.84 | 0.89 | 0.95 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,233,310K ÷ $10,798,100K
= 0.95
Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. A higher total asset turnover indicates that a company is more efficient in using its assets to generate revenue.
Looking at the data provided for Advance Auto Parts Inc, we can observe fluctuations in the total asset turnover ratio over the period from September 30, 2021, to December 31, 2024. The ratio started at 0.95 in September 2021, indicating that the company generated $0.95 in sales for every dollar of assets it had at that time.
Subsequently, the total asset turnover ratio fluctuated, with some quarters showing improvement (e.g., April 23, 2022, and July 15, 2023, with ratios of 0.98 and 0.99, respectively) and others showing a decline (e.g., December 31, 2023, with a ratio of 0.81).
Overall, the trend in the total asset turnover for Advance Auto Parts Inc appears to have some variability but generally hovers around the range of 0.85 to 0.99, indicating that the company is moderately efficient in utilizing its assets to generate sales. However, it would be beneficial for the company to analyze the factors contributing to the fluctuations to maintain or improve its asset utilization efficiency in the future.
Peer comparison
Dec 31, 2024