Advance Auto Parts Inc
NYSE:AAP
ROIC
Return on Invested Capital
ROIC, or Return on Invested Capital, tells you how good a company is at turning its invested money into profits. In simple terms, ROIC shows how many dollars of profit the company makes for each dollar it has invested. A higher ROIC usually means the company is using its money wisely to grow and make more profits, which is a good sign for investors.
ROIC Across Competitors
ROIC Comparison
Advance Auto Parts Inc Competitors
Country | US |
Market Cap | 4.6B USD |
ROIC |
1%
|
Country | US |
Market Cap | 64.5B USD |
ROIC |
35%
|
Country | US |
Market Cap | 51.3B USD |
ROIC |
35%
|
Country | ZA |
Market Cap | 13.9B Zac |
ROIC |
9%
|
Country | US |
Market Cap | 13.1B USD |
ROIC |
-1%
|
Country | US |
Market Cap | 11B USD |
ROIC |
1%
|
Country | TW |
Market Cap | 339.8B TWD |
ROIC |
2%
|
Country | US |
Market Cap | 10.2B USD |
ROIC |
7%
|
Country | ZA |
Market Cap | 9.3B Zac |
ROIC |
6%
|
Country | US |
Market Cap | 8.7B USD |
ROIC |
20%
|
Country | US |
Market Cap | 7.2B USD |
ROIC |
8%
|
Profitability Report
View the profitability report to see the full profitability analysis for Advance Auto Parts Inc.
See Also
ROIC, or Return on Invested Capital, tells you how good a company is at turning its invested money into profits. In simple terms, ROIC shows how many dollars of profit the company makes for each dollar it has invested. A higher ROIC usually means the company is using its money wisely to grow and make more profits, which is a good sign for investors.
Based on Advance Auto Parts Inc's most recent financial statements, the company has ROIC of 1.4%.