Similar companies
Company | Revenue | |
---|---|---|
No data for previous quarter available yet. |
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 3.41B | 25.3% |
Gross Profit | 1.43B | 47.3% |
Cost of Revenue | 3.33B | 20.2% |
Operating expense | 1.33B | 28.3% |
Net Income | 40M | 164.5% |
EBITDA | 94M | 354.7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 12.2B | 0.4% |
Total Liabilities | 9.64B | 0.5% |
Total Equity | 2.56B | 0.1% |
Shares Outstanding | 60M | 0.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 2.7M | 98.6% |
Cash from investing | -39M | 7% |
Cash from financing | -26M | 76.6% |
EPS
Financial Highlights for Advance Auto Parts in Q2 '24
Advance Auto Parts reported a revenue of 3.41B, which is a 25.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.43B, marking a 47.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.33B, a 20.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.33B, showing a 28.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 40M, showing a 164.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 94M, showing a 354.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Advance Auto Parts with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.