Advance Auto Parts Inc (AAP)
Return on assets (ROA)
| Dec 31, 2023 | Oct 7, 2023 | Jul 15, 2023 | Apr 22, 2023 | Dec 31, 2022 | Oct 8, 2022 | Apr 23, 2022 | Dec 31, 2021 | Oct 9, 2021 | Jul 17, 2021 | Apr 24, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jul 11, 2020 | Apr 18, 2020 | Dec 31, 2019 | Oct 5, 2019 | Jul 13, 2019 | Apr 20, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 29,736 | 179,941 | 357,859 | 333,722 | 367,068 | 421,803 | 484,618 | 616,108 | 646,435 | 624,098 | 635,362 | 517,634 | 501,545 | 477,738 | 412,598 | 486,896 | 444,430 | 436,604 | 429,620 | 423,847 |
| Total assets | US$ in thousands | 12,276,300 | 12,249,200 | 12,299,200 | 12,177,300 | 11,986,400 | 12,129,300 | 12,002,500 | 12,194,200 | 11,864,200 | 11,838,700 | 11,868,500 | 11,839,600 | 11,972,800 | 11,930,700 | 12,072,600 | 11,248,500 | 11,106,800 | 11,267,900 | 11,081,500 | 9,040,650 |
| ROA | 0.24% | 1.47% | 2.91% | 2.74% | 3.06% | 3.48% | 4.04% | 5.05% | 5.45% | 5.27% | 5.35% | 4.37% | 4.19% | 4.00% | 3.42% | 4.33% | 4.00% | 3.87% | 3.88% | 4.69% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $29,736K ÷ $12,276,300K
= 0.24%
Advance Auto Parts Inc's return on assets (ROA) has shown some fluctuations over the past years, ranging from a low of 0.24% to a high of 5.45%. The ROA has generally been on a declining trend since 2018, with some periodic increases and decreases.
In the most recent period, as of December 31, 2023, the ROA was at 0.24%, indicating that the company generated 0.24 cents of profit for every dollar of assets it owns. This is a decrease from the previous period's ROA of 1.47%. The decreasing trend in ROA could be a cause for concern as it shows a potential decline in the company's efficiency in generating profits from its assets.
Overall, Advance Auto Parts Inc's ROA trend suggests that the company may be facing challenges in effectively utilizing its assets to generate profits. Further analysis of the company's financial performance and operational efficiency may be needed to identify the underlying reasons for the fluctuating ROA figures.
Peer comparison
Dec 31, 2023