Advance Auto Parts Inc (AAP)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -355,137 | 24,513 | -12,161 | -105,785 | -67,220 | 46,484 | 156,844 | 253,800 | 281,919 | 319,223 | 386,781 | 482,860 | 430,604 | 454,514 | 420,302 | 445,713 | 561,086 | 599,991 | 697,018 | 713,135 |
| 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 |
| ROA | -3.29% | 0.20% | -0.10% | -0.87% | -0.52% | 0.38% | 1.28% | 2.06% | 2.29% | 2.62% | 3.17% | 4.03% | 3.55% | 3.75% | 3.46% | 3.71% | 4.67% | 4.92% | 5.87% | 6.01% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-355,137K ÷ $10,798,100K
= -3.29%
The return on assets (ROA) of Advance Auto Parts Inc has experienced a declining trend over the analyzed periods. Starting at a relatively healthy level of 6.01% in September 30, 2021, the ROA gradually decreased to reach its lowest point of -3.29% by December 31, 2024. This implies that the company's ability to generate profit from its assets has weakened significantly over time. The decreasing ROA could indicate inefficiencies in asset utilization or declining profitability relative to the size of the asset base. It is important for the company to closely monitor and address the factors contributing to this trend to improve its financial performance.
Peer comparison
Dec 31, 2024