Advance Auto Parts Inc (AAP)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,798,395 | 4,402,119 | 4,464,501 | 4,336,850 | 4,048,240 | 4,245,469 | 4,737,119 | 5,221,120 | 5,170,670 | 5,201,850 | 4,919,770 | 4,631,030 | 5,047,540 | 5,366,430 | 5,258,700 | 5,259,230 | 4,935,160 | 4,626,270 | 4,743,400 | 5,045,880 |
| 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 |
| Gross profit margin | 37.12% | 41.13% | 39.60% | 38.35% | 38.23% | 39.27% | 41.16% | 42.77% | 43.11% | 43.53% | 44.03% | 44.44% | 44.61% | 44.54% | 44.55% | 44.72% | 44.81% | 44.96% | 45.00% | 44.85% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,798,395K ÷ $10,233,310K
= 37.12%
The gross profit margin of Advance Auto Parts Inc has shown some fluctuations over the period from September 30, 2021, to December 31, 2024. Starting at 44.85% in September 2021, it increased slightly to 45.00% by October 2021. However, there was a slight decline in the following months, with the margin settling around 44-45% for most of 2021 and early 2022.
From March 2023 onwards, there was a noticeable downward trend in the gross profit margin, dropping to 42.77% by July 2023. This decline continued into 2024, hitting a low of 38.23% by December 2023 before slightly recovering to 39.60% by June 2024.
In the most recent data point, the gross profit margin stood at 37.12% in December 2024. Overall, the trend shows a general decrease in the gross profit margin over the analyzed period, indicating potential challenges in maintaining profitability compared to the earlier years. Further analysis of the factors contributing to this decline may be necessary to understand the company's performance and future prospects.
Peer comparison
Dec 31, 2024