Advance Auto Parts (Advance Auto Parts) Days Inventory

: 289.82 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Advance Auto Parts's Average Total Inventories for the three months ended in Dec. 2023 was $4,904 Mil. Advance Auto Parts's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,544 Mil. Hence, Advance Auto Parts's Days Inventory for the three months ended in Dec. 2023 was 289.82.

The historical rank and industry rank for Advance Auto Parts's Days Inventory or its related term are showing as below:

AAP' s Days Inventory Range Over the Past 10 Years
Min: 219.85 Med: 285.33 Max: 294.27
Current: 267.62

During the past 13 years, Advance Auto Parts's highest Days Inventory was 294.27. The lowest was 219.85. And the median was 285.33.

AAP's Days Inventory is ranked worse than
85.73% of 1065 companies
in the Retail - Cyclical industry
Industry Median: 110.2 vs AAP: 267.62

Advance Auto Parts's Days Inventory declined from Dec. 2022 (319.79) to Dec. 2023 (289.82).

Inventory Turnover measures how fast the company turns over its inventory within a year. Advance Auto Parts's Inventory Turnover for the three months ended in Dec. 2023 was 0.31.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Advance Auto Parts's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.99.

Advance Auto Parts Days Inventory Historical Data

The historical data trend for Advance Auto Parts's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Advance Auto Parts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

294.27

291.05

276.34

280.25

263.17

Advance Auto Parts Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																319.79	232.29	300.65	263.80	289.82

Competitive Comparison

For the Specialty Retail subindustry, Advance Auto Parts's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Advance Auto Parts Days Inventory Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Advance Auto Parts's Days Inventory distribution charts can be found below:

* The bar in red indicates where Advance Auto Parts's Days Inventory falls into.

Advance Auto Parts Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Advance Auto Parts's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4896.269	+	4857.702)	/	2 )	/	6764.105	*	365
=	4876.9855					/	6764.105	*	365
=	263.17

Advance Auto Parts's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4949.382	+	4857.702)	/	2 )	/	1543.905	*	365 / 4
=	4903.542					/	1543.905	*	365 / 4
=	289.82

Advance Auto Parts (NYSE:AAP) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Advance Auto Parts's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1543.905	/	4903.542
	=	0.31

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Advance Auto Parts's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4903.542	/	2464.869
	=	1.99

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Advance Auto Parts Days Inventory Related Terms

Thank you for viewing the detailed overview of Advance Auto Parts's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Advance Auto Parts (Advance Auto Parts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Advance Auto Parts Inc (NYSE:AAP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AAP:Mexico AWN:Germany AWN:Germany A1AP34:Brazil

Address

4200 Six Forks Road, Raleigh, NC, USA, 27609

Website

https://www.advanceautoparts.com

Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers and third-party vehicle repair facilities in North America. Advance operated 5,086 stores as of the end of 2022, in addition to servicing 1,311 independently owned Carquest stores. The company's Worldpac chain is a premier distributor of imported original-equipment parts. Advance derived 59% of its 2022 sales from commercial clients, with the remainder from DIY shoppers.

Executives

Kristen L Soler	officer: EVP, Chief HR Officer	12200 FOX VALLEY STREET, RALEIGH NC 27614
Lee Eugene I Jr	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Shane M Okelly	director, officer: Director, President and CEO	4200 SIX FORKS ROAD, RALEIGH NC 27609
Anthony A Iskander	officer: Interim CFO, SVP, Fin & Treas	4200 SIX FORKS ROAD, RALEIGH NC 27609
Douglas A Pertz	director	1801 BAYBERRY COURT, RICHMOND VA 23226
Joan M Hilson	director	150 THORN HILL DRIVE, WARRENDALE PA 15086-7528
John Francis Ferraro	director	9 WALNUT AVE, CAMBRIDGE MA 02140
Carla Jean Bailo	director	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Jones Jeffrey J Ii	director	ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Szilagyi J Stephen	officer: EVP Chief Supply Chain Officer	15027 JUNE WASHAM ROAD, RALEIGH NC 27609
Word Herman L Jr	officer: EVP, U.S. Stores & CQ Ind.	1033 LINENHALL WAY, WAKE FOREST NC 27587
Pellicciotti William J Jr	officer: SVP, Controller and CAO	4200 SIX FORKS ROAD, RALEIGH NC 27609
Robert B Cushing	officer: EVP, Commercial	1432 FREEMAN LANE, PLEASANTON VA 94566
Sherice Torres	director	PO BOX 20833, SAN JOSE CA 95160
Natalie Schechtman	officer: SVP Human Resources	45 ROUND HOUSE ROAD, BEDFORD NY 10506