Advance Auto Parts (Advance Auto Parts) Days Payable

: 239.99 (As of Dec. 2023)

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Advance Auto Parts's average Accounts Payable for the three months ended in Dec. 2023 was $4,060 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 Payable for the three months ended in Dec. 2023 was 239.99.

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

AAP' s Days Payable Range Over the Past 10 Years
Min: 178.63 Med: 218.5 Max: 237.59
Current: 213.38

During the past 13 years, Advance Auto Parts's highest Days Payable was 237.59. The lowest was 178.63. And the median was 218.50.

AAP's Days Payable is ranked better than
91.93% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs AAP: 213.38

Advance Auto Parts's Days Payable declined from Dec. 2022 (269.44) to Dec. 2023 (239.99). It may suggest that Advance Auto Parts accelerated paying its suppliers.

Advance Auto Parts Days Payable Historical Data

The historical data trend for Advance Auto Parts's Days Payable 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 Payable

220.66

229.15

227.23

237.59

225.47

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 Payable																269.44	184.23	224.28	203.40	239.99

Competitive Comparison

For the Specialty Retail subindustry, Advance Auto Parts's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution

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

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

Advance Auto Parts Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4178.907	+	4177.974)	/	2 )	/	6764.105	*	365
=	4178.4405					/	6764.105	*	365
=	225.47

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3943.019	+	4177.974)	/	2 )	/	1543.905	*	365 / 4
=	4060.4965					/	1543.905	*	365 / 4
=	239.99

Advance Auto Parts Days Payable 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 » Days Payable

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