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Advance Auto Parts's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $207 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Advance Auto Parts's annualized ROC % for the quarter that ended in Sep. 2024 was 0.03%. Advance Auto Parts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 0.22%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Advance Auto Parts's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 3.47%.
The historical data trend for Advance Auto Parts's EBIT 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.
Advance Auto Parts Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 677.64 | 697.90 | 820.28 | 655.42 | 119.90 |
Advance Auto Parts Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
EBIT | Get a 7-Day Free Trial | -78.88 | 38.43 | 84.73 | 80.76 | 2.80 |
For the Specialty Retail subindustry, Advance Auto Parts's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.
For the Retail - Cyclical industry and Consumer Cyclical sector, Advance Auto Parts's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Advance Auto Parts's EV-to-EBIT falls into.
EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.
EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $207 Mil.
* 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.
Advance Auto Parts (NYSE:AAP) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Advance Auto Parts's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:
ROC % (Q: Sep. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2024 ) | + | Invested Capital (Q: Sep. 2024 )) | / count ) |
= | 1.612 * ( 1 - -58.43% ) | / | ( (7067.097 | + | 7863.318) | / 2 ) |
= | 2.5538916 | / | 7465.2075 | |||
= | 0.03 % |
where
Invested Capital | (Q: Jun. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 12289.806 | - | 4743.291 | - | ( 479.418 | - | max(0, 5256.774 | - | 6460.14 | + | 479.418 | )) |
= | 7067.097 |
Invested Capital | (Q: Sep. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 12468.184 | - | 4140.374 | - | ( 464.492 | - | max(0, 5593.541 | - | 7493.767 | + | 464.492 | )) |
= | 7863.318 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Advance Auto Parts's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2024 | Q: Sep. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 11.184 | / | ( ( (4176.087 + max(742.26, 0)) | + | (3879.368 + max(1450.823, 0)) ) | / | 2 ) |
= | 11.184 | / | ( ( 4918.347 | + | 5330.191 ) | / | 2 ) |
= | 11.184 | / | 5124.269 | ||||
= | 0.22 % |
where Working Capital is:
Working Capital | (Q: Jun. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (865.921 | + | 4903.49 | + | 229.623) | - | (4743.291 | + | 0 | + | 513.483) |
= | 742.26 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (684.026 | + | 4042.2 | + | 2318.138) | - | (4140.374 | + | 0 | + | 1453.167) |
= | 1450.823 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Advance Auto Parts's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Sep. 2024 ) |
= | 206.717 | / | 5962.360 | |
= | 3.47 % |
* 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.
Thank you for viewing the detailed overview of Advance Auto Parts's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Kristen L Soler | officer: EVP, Chief HR Officer | 12200 FOX VALLEY STREET, RALEIGH NC 27614 |
Jones Jeffrey J Ii | director | ONE H&R BLOCK WAY, KANSAS CITY MO 64105 |
Word Herman L Jr | officer: EVP, U.S. Stores & CQ Ind. | 1033 LINENHALL WAY, WAKE FOREST NC 27587 |
Carla Jean Bailo | director | 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203 |
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 |
Szilagyi J Stephen | officer: EVP Chief Supply Chain Officer | 15027 JUNE WASHAM ROAD, RALEIGH NC 27609 |
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 |
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