Advance Auto Parts Inc (AAP)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -713,306 | 114,377 | 714,151 | 838,717 | 749,907 |
| Total assets | US$ in thousands | 10,798,100 | 12,276,300 | 11,986,400 | 12,194,200 | 11,839,600 |
| Operating ROA | -6.61% | 0.93% | 5.96% | 6.88% | 6.33% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-713,306K ÷ $10,798,100K
= -6.61%
The operating return on assets (ROA) of Advance Auto Parts Inc has fluctuated over the last five years.
- In December 31, 2020, the operating ROA was 6.33%, indicating that for every dollar of assets, the company generated a return of 6.33% from its operations.
- By December 31, 2021, the operating ROA improved to 6.88%, suggesting an increase in the company's operational efficiency and profitability.
- However, by December 31, 2022, the operating ROA decreased to 5.96%, signaling a potential decline in operational effectiveness.
- The operating ROA further declined significantly to 0.93% by December 31, 2023, indicating a substantial decrease in profitability relative to its assets.
- The most recent data point, as of December 31, 2024, shows a negative operating ROA of -6.61%. This negative figure indicates that the company's operations generated a loss relative to its assets.
Overall, the trend in Advance Auto Parts Inc's operating ROA over the five-year period shows a mix of improvements and declines, with the most recent data point reflecting a significant decline and loss-making operations in relation to its assets.
Peer comparison
Dec 31, 2024