Advance Auto Parts Stock Working Capital

AAP Stock

USD 37.46 0.18 0.48%

Advance Auto Parts fundamentals help investors to digest information that contributes to Advance Auto's financial success or failures. It also enables traders to predict the movement of Advance Stock. The fundamental analysis module provides a way to measure Advance Auto's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Advance Auto stock.

	Last Reported	Projected for Next Year
Net Working Capital	1.5 B	1.1 B
Change In Working Capital	400.5 M	420.5 M

As of 03/21/2025, Change In Working Capital is likely to grow to about 420.5 M, while Net Working Capital is likely to drop slightly above 1.1 B.

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Advance Auto Parts Company Working Capital Analysis

Advance Auto's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

Working Capital

Current Assets

-

Current Liabilities

More About Working Capital | All Equity Analysis

Current Advance Auto Working Capital

1.48 B

Most of Advance Auto's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Advance Auto Parts is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Advance Working Capital Driver Correlations

Understanding the fundamental principles of building solid financial models for Advance Auto is extremely important. It helps to project a fair market value of Advance Stock properly, considering its historical fundamentals such as Working Capital. Since Advance Auto's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Advance Auto's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Advance Auto's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Total Liab	Total Current Assets	Current Deferred Revenue	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Short Term Debt	Common Stock	Property Plant Equipment	Treasury Stock	Good Will	Intangible Assets	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.83	0.84	0.97	0.96	-0.58	0.94	0.97	0.6	0.95	0.61	-0.57	0.41	-0.54	0.83	0.8	0.49	0.47	0.85	0.77	0.67	0.47	-0.3	-0.62	0.06
Total Stockholder Equity	0.83		0.47	0.68	0.89	-0.43	0.75	0.8	0.32	0.89	0.33	-0.56	0.06	-0.14	0.88	0.83	0.63	0.35	0.54	0.77	0.34	0.67	-0.14	-0.25	0.15
Net Debt	0.84	0.47		0.92	0.68	-0.58	0.82	0.81	0.53	0.76	0.68	-0.31	0.53	-0.74	0.63	0.64	0.33	0.28	0.78	0.55	0.78	0.17	-0.38	-0.86	0.01
Total Liab	0.97	0.68	0.92		0.9	-0.59	0.93	0.95	0.66	0.88	0.66	-0.51	0.52	-0.65	0.73	0.71	0.38	0.48	0.89	0.69	0.74	0.34	-0.34	-0.71	0.02
Total Current Assets	0.96	0.89	0.68	0.9		-0.47	0.88	0.96	0.64	0.94	0.46	-0.66	0.35	-0.38	0.85	0.79	0.42	0.58	0.79	0.77	0.5	0.51	-0.21	-0.43	0.07
Current Deferred Revenue	-0.58	-0.43	-0.58	-0.59	-0.47		-0.67	-0.41	-0.2	-0.46	-0.91	0.07	-0.48	0.69	-0.31	-0.3	-0.69	0.06	-0.72	-0.41	-0.86	-0.65	0.45	0.66	0.37
Retained Earnings	0.94	0.75	0.82	0.93	0.88	-0.67		0.89	0.47	0.84	0.65	-0.52	0.49	-0.72	0.71	0.65	0.5	0.28	0.89	0.75	0.72	0.53	-0.35	-0.67	-0.01
Accounts Payable	0.97	0.8	0.81	0.95	0.96	-0.41	0.89		0.65	0.94	0.47	-0.67	0.42	-0.48	0.84	0.8	0.33	0.56	0.78	0.74	0.55	0.36	-0.26	-0.56	0.1
Long Term Debt	0.6	0.32	0.53	0.66	0.64	-0.2	0.47	0.65		0.6	0.3	-0.33	0.55	-0.28	0.54	0.53	-0.19	0.79	0.64	0.42	0.33	0.0	-0.03	-0.26	-0.13
Net Receivables	0.95	0.89	0.76	0.88	0.94	-0.46	0.84	0.94	0.6		0.47	-0.52	0.27	-0.36	0.95	0.92	0.47	0.48	0.7	0.8	0.5	0.48	-0.26	-0.48	0.13
Short Term Debt	0.61	0.33	0.68	0.66	0.46	-0.91	0.65	0.47	0.3	0.47		-0.2	0.63	-0.77	0.3	0.32	0.59	0.09	0.76	0.43	0.96	0.44	-0.51	-0.77	-0.52
Common Stock	-0.57	-0.56	-0.31	-0.51	-0.66	0.07	-0.52	-0.67	-0.33	-0.52	-0.2		-0.3	0.24	-0.45	-0.4	-0.13	-0.53	-0.39	-0.37	-0.23	-0.22	0.11	0.19	0.1
Property Plant Equipment	0.41	0.06	0.53	0.52	0.35	-0.48	0.49	0.42	0.55	0.27	0.63	-0.3		-0.72	0.19	0.16	-0.07	0.34	0.74	0.35	0.73	0.09	-0.22	-0.69	-0.7
Treasury Stock	-0.54	-0.14	-0.74	-0.65	-0.38	0.69	-0.72	-0.48	-0.28	-0.36	-0.77	0.24	-0.72		-0.19	-0.17	-0.24	-0.03	-0.77	-0.33	-0.85	-0.27	0.55	0.84	0.38
Good Will	0.83	0.88	0.63	0.73	0.85	-0.31	0.71	0.84	0.54	0.95	0.3	-0.45	0.19	-0.19		0.98	0.4	0.47	0.54	0.78	0.34	0.46	-0.16	-0.34	0.11
Intangible Assets	0.8	0.83	0.64	0.71	0.79	-0.3	0.65	0.8	0.53	0.92	0.32	-0.4	0.16	-0.17	0.98		0.42	0.44	0.5	0.74	0.35	0.4	-0.16	-0.34	0.09
Net Tangible Assets	0.49	0.63	0.33	0.38	0.42	-0.69	0.5	0.33	-0.19	0.47	0.59	-0.13	-0.07	-0.24	0.4	0.42		-0.21	0.33	0.43	0.52	0.74	-0.17	-0.3	-0.03
Long Term Debt Total	0.47	0.35	0.28	0.48	0.58	0.06	0.28	0.56	0.79	0.48	0.09	-0.53	0.34	-0.03	0.47	0.44	-0.21		0.39	0.24	0.14	0.02	-0.04	-0.11	-0.11
Capital Surpluse	0.85	0.54	0.78	0.89	0.79	-0.72	0.89	0.78	0.64	0.7	0.76	-0.39	0.74	-0.77	0.54	0.5	0.33	0.39		0.69	0.83	0.4	-0.38	-0.73	-0.3
Deferred Long Term Liab	0.77	0.77	0.55	0.69	0.77	-0.41	0.75	0.74	0.42	0.8	0.43	-0.37	0.35	-0.33	0.78	0.74	0.43	0.24	0.69		0.47	0.41	-0.19	-0.39	-0.08
Short Long Term Debt	0.67	0.34	0.78	0.74	0.5	-0.86	0.72	0.55	0.33	0.5	0.96	-0.23	0.73	-0.85	0.34	0.35	0.52	0.14	0.83	0.47		0.4	-0.49	-0.89	-0.49
Cash And Equivalents	0.47	0.67	0.17	0.34	0.51	-0.65	0.53	0.36	0.0	0.48	0.44	-0.22	0.09	-0.27	0.46	0.4	0.74	0.02	0.4	0.41	0.4		-0.27	-0.17	-0.19
Net Invested Capital	-0.3	-0.14	-0.38	-0.34	-0.21	0.45	-0.35	-0.26	-0.03	-0.26	-0.51	0.11	-0.22	0.55	-0.16	-0.16	-0.17	-0.04	-0.38	-0.19	-0.49	-0.27		0.52	0.29
Net Working Capital	-0.62	-0.25	-0.86	-0.71	-0.43	0.66	-0.67	-0.56	-0.26	-0.48	-0.77	0.19	-0.69	0.84	-0.34	-0.34	-0.3	-0.11	-0.73	-0.39	-0.89	-0.17	0.52		0.31
Capital Stock	0.06	0.15	0.01	0.02	0.07	0.37	-0.01	0.1	-0.13	0.13	-0.52	0.1	-0.7	0.38	0.11	0.09	-0.03	-0.11	-0.3	-0.08	-0.49	-0.19	0.29	0.31

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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.

Competition

Predict Advance Auto

Working Capital Over Time

Advance Capital Surpluse

Capital Surpluse

723.78 Million

At this time, Advance Auto's Capital Surpluse is relatively stable compared to the past year.

In accordance with the company's disclosures, Advance Auto Parts has a Working Capital of 1.48 B. This is 75.26% lower than that of the Specialty Retail sector and 52.58% lower than that of the Consumer Discretionary industry. This indicator is about the same for all United States stocks average (which is currently at 1.47818092339E9).

Advance Working Capital Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Advance Auto's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Advance Auto could also be used in its relative valuation, which is a method of valuing Advance Auto by comparing valuation metrics of similar companies.

Advance Auto is currently under evaluation in working capital category among its peers.

Advance Auto ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Advance Auto's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Advance Auto's managers, analysts, and investors.

Environmental

Governance

Social

Advance Fundamentals

	Return On Equity	-0.25
	Return On Asset	0.0015
	Profit Margin	(0.04) %
	Operating Margin	(0.04) %
	Current Valuation	4.02 B
	Shares Outstanding	59.79 M
	Shares Owned By Insiders	1.51 %
	Shares Owned By Institutions	98.49 %
	Number Of Shares Shorted	8.44 M
	Price To Earning	19.36 X
	Price To Book	1.02 X
	Price To Sales	0.25 X
	Revenue	9.09 B
	Gross Profit	3.84 B
	EBITDA	(395.08 M)
	Net Income	(586.96 M)
	Cash And Equivalents	269.28 M
	Cash Per Share	3.25 X
	Total Debt	3.69 B
	Debt To Equity	1.50 %
	Current Ratio	1.13 X
	Book Value Per Share	36.30 X
	Cash Flow From Operations	84.63 M
	Short Ratio	3.50 X
	Earnings Per Share	(9.84) X
	Price To Earnings To Growth	0.48 X
	Target Price	41.52
	Number Of Employees	33.2 K
	Beta	1.29
	Market Capitalization	2.25 B
	Total Asset	10.8 B
	Retained Earnings	4.16 B
	Working Capital	1.48 B
	Current Asset	1.19 B
	Current Liabilities	722.58 M
	Annual Yield	0.03 %
	Five Year Return	0.74 %
	Net Asset	10.8 B
	Last Dividend Paid	1.0

About Advance Auto Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Advance Auto Parts's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advance Auto using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advance Auto Parts based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Advance Auto

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Advance Auto position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Advance Auto will appreciate offsetting losses from the drop in the long position's value.

Moving together with Advance Stock

0.74	HD	Home Depot	Pair Corr
0.72	WEYS	Weyco Group	Pair Corr

Moving against Advance Stock

0.6	AZO	AutoZone	Pair Corr
0.55	HAS	Hasbro Inc	Pair Corr
0.44	JD	JD Inc Adr	Pair Corr
0.39	PDD	PDD Holdings Aggressive Push	Pair Corr

The ability to find closely correlated positions to Advance Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advance Auto when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Advance Auto - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Advance Auto Parts to buy it.

The correlation of Advance Auto is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Advance Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advance Auto Parts moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Advance Auto can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Advance Stock Analysis

When running Advance Auto's price analysis, check to measure Advance Auto's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.

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