Morning Alert: Advance Auto Parts, Inc. (NYSE:AAP)

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Advance Auto Parts, Inc. (NYSE:AAP) 1.14% during real-time trade, a total of 687,721 shares exchanged hands compared with its average trading volume of 2.24M shares. The stock has $73.85M outstanding shares.

Return on assets (ROA) is a financial ratio that shows the percentage of profit that a company earns in relation to its overall resources (total assets).

Advance Auto Parts, Inc. (NYSE:AAP) has a Return on Assets of 4.40%.

Why it matters

The profit percentage of assets varies by industry, but in general, the higher the ROA the better. For this reason it is often more effective to compare a company’s ROA to that of other companies in the same industry or against its own ROA figures from previous periods. Falling ROA is almost always a problem, but investors and analysts should bear in mind that the ROA does not account for outstanding liabilities and may indicate a higher profit level than actually derived.

However the company’s price to cash per share for most recent quarter stands at 28.02. Its price to free cash flow for trailing twelve months is 24.18. The operating margin is 6.60% percent and the net profit margin stands at 3.90% percent. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range).

Currently the stock price is moving -44.50% off from the highest level of twelve months and +20.06% above from twelve months low. The Company ended last trading session at the price of $98.70.

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