Advance Auto Parts (Advance Auto Parts) Change In Receivables : $-115 Mil (TTM As of Dec. 2023)

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What is Advance Auto Parts Change In Receivables?

Advance Auto Parts's change in receivables for the quarter that ended in Dec. 2023 was $56 Mil. It means Advance Auto Parts's Accounts Receivable declined by $56 Mil from Sep. 2023 to Dec. 2023 .

Advance Auto Parts's change in receivables for the fiscal year that ended in Dec. 2023 was $-115 Mil. It means Advance Auto Parts's Accounts Receivable increased by $115 Mil from Dec. 2022 to Dec. 2023 .

Advance Auto Parts's Accounts Receivable for the quarter that ended in Dec. 2023 was $817 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Advance Auto Parts's Days Sales Outstanding for the three months ended in Dec. 2023 was 30.24.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Advance Auto Parts's liquidation value for the three months ended in Dec. 2023 was $-6,212 Mil.

Advance Auto Parts Change In Receivables Historical Data

The historical data trend for Advance Auto Parts's Change In Receivables 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.

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Advance Auto Parts Change In Receivables Chart

Advance Auto Parts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-62.84

-59.01

-7.46

67.15

-114.67

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
Change In Receivables	Get a 7-Day Free Trial															156.45	-83.37	-10.17	-76.83	55.71

Advance Auto Parts Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-115 Mil.

Advance Auto Parts (NYSE:AAP) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	816.8	/	2464.869	*	91
=	30.24

2. In Ben Graham's calculation of liquidation value, Advance Auto Parts's accounts receivable are only considered to be worth 75% of book value:

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	503.471	-	9756.598	+	0.75 * 816.8	+	0.5 * 4857.702
=	-6,212

Advance Auto Parts Change In Receivables Related Terms

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Advance Auto Parts (Advance Auto Parts) Business Description

Industry

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

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