Advance Auto Parts AAP Inventory LIFO Reserve
Inventory LIFO Reserve at other companies
Other financials
Where this comes from
Reported directly by Advance Auto Parts in its filing.
Tagged under the XBRL concept us-gaap:InventoryLIFOReserve.
The source filing: Advance Auto Parts’s 10-Q, filed May 21, 2026.
- Filed
- May 21, 2026, 4:02 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001193125-26-234388
The Company used the last in, first out (“LIFO”) method of accounting for approximately 92% of inventories as of April 25, 2026 and January 3, 2026, respectively. An actual valuation of inventory under the LIFO method is performed at the end of each fiscal year based on inventory levels and carrying costs at that time. Accordingly, interim LIFO calculations are based on the Company’s estimates of expected inventory levels and costs at the end of the year. The Company’s LIFO credit reserve balance was $121 million and $104 million as of April 25, 2026 and January 3, 2026, respectively, to state inventories at LIFO. Increases to the Company’s LIFO credit reserve balance are recorded as a non-cash charge to cost of sales and decreases are recorded as a non-cash benefit to cost of sales.
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FAQ
- What is Advance Auto Parts's inventory LIFO reserve?
- Advance Auto Parts (AAP) reported inventory LIFO reserve of $121M in Q1 2026.
- How has Advance Auto Parts's inventory LIFO reserve changed year-over-year?
- Advance Auto Parts's inventory LIFO reserve increased by 3933.3% year-over-year, from $3M to $121M.
- What is the long-term trend for Advance Auto Parts's inventory LIFO reserve?
- Over 5 years (2020 to 2025), Advance Auto Parts's inventory LIFO reserve has grown at a -7.7% compound annual growth rate (CAGR), from -$155.42M to $104M.
- What does inventory LIFO reserve mean?
- This is the difference between the cost of inventory calculated using the FIFO or average cost method and the cost calculated using the LIFO method. It is used to adjust the LIFO-based inventory value to a current cost basis for analytical purposes. Investors use this to normalize earnings and inventory values when comparing companies that use different inventory accounting methods.
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