Stock Analysis on Net
Stock Analysis on Net

O’Reilly Automotive Inc. (NASDAQ:ORLY)

This company has been moved to the archive! The financial data has not been updated since November 8, 2022.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

O’Reilly Automotive Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Activity Ratio
Total Asset Turnover
Reported 1.14 1.00 0.95 1.19 1.19
Adjusted 1.14 1.00 0.95 0.96 0.94
Liquidity Ratio
Current Ratio
Reported 0.77 0.86 0.86 0.91 0.93
Adjusted 0.78 0.87 0.87 0.93 0.95
Solvency Ratios
Debt to Equity
Reported — 29.40 9.79 9.66 4.56
Adjusted 29.15 16.26 9.61 10.20 6.15
Debt to Capital
Reported 1.02 0.97 0.91 0.91 0.82
Adjusted 0.97 0.94 0.91 0.91 0.86
Financial Leverage
Reported — 82.68 26.97 22.57 11.59
Adjusted 58.29 30.61 17.59 18.85 11.91
Profitability Ratios
Net Profit Margin
Reported 16.24% 15.10% 13.70% 13.89% 12.63%
Adjusted 16.43% 15.18% 14.06% 14.18% 12.67%
Return on Equity (ROE)
Reported — 1,249.34% 350.09% 374.50% 173.62%
Adjusted 1,088.07% 464.41% 233.84% 255.69% 142.13%
Return on Assets (ROA)
Reported 18.47% 15.11% 12.98% 16.60% 14.97%
Adjusted 18.67% 15.17% 13.30% 13.57% 11.93%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. O’Reilly Automotive Inc. adjusted total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. O’Reilly Automotive Inc. adjusted current ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. O’Reilly Automotive Inc. adjusted debt-to-equity ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. O’Reilly Automotive Inc. adjusted debt-to-capital ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 O’Reilly Automotive Inc. adjusted financial leverage ratio increased from 2019 to 2020 and from 2020 to 2021.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. O’Reilly Automotive Inc. adjusted net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. O’Reilly Automotive Inc. adjusted ROE improved from 2019 to 2020 and from 2020 to 2021.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. O’Reilly Automotive Inc. adjusted ROA improved from 2019 to 2020 and from 2020 to 2021.

O’Reilly Automotive Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Sales 13,327,563 11,604,493 10,149,985 9,536,428 8,977,726
Total assets 11,718,707 11,596,642 10,717,160 7,980,789 7,571,885
Activity Ratio
Total asset turnover1 1.14 1.00 0.95 1.19 1.19
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted sales2 13,326,463 11,604,893 10,149,785 9,536,028 8,977,626
Adjusted total assets3 11,730,577 11,609,312 10,731,577 9,970,857 9,530,195
Activity Ratio
Adjusted total asset turnover4 1.14 1.00 0.95 0.96 0.94

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Total asset turnover = Sales ÷ Total assets
= 13,327,563 ÷ 11,718,707 = 1.14

2 Adjusted sales. See details »

3 Adjusted total assets. See details »

4 2021 Calculation
Adjusted total asset turnover = Adjusted sales ÷ Adjusted total assets
= 13,326,463 ÷ 11,730,577 = 1.14

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. O’Reilly Automotive Inc. adjusted total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Current assets 4,504,262 4,499,787 3,833,662 3,543,102 3,397,672
Current liabilities 5,874,615 5,262,417 4,469,427 3,894,020 3,647,366
Liquidity Ratio
Current ratio1 0.77 0.86 0.86 0.91 0.93
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted current assets2 4,516,132 4,512,457 3,848,079 3,556,340 3,410,389
Adjusted current liabilities3 5,797,416 5,196,531 4,408,358 3,841,800 3,602,968
Liquidity Ratio
Adjusted current ratio4 0.78 0.87 0.87 0.93 0.95

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,504,262 ÷ 5,874,615 = 0.77

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2021 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 4,516,132 ÷ 5,797,416 = 0.78

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. O’Reilly Automotive Inc. adjusted current ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Total debt 3,826,978 4,123,217 3,890,527 3,417,122 2,978,390
Shareholders’ equity (deficit) (66,423) 140,258 397,340 353,667 653,046
Solvency Ratio
Debt to equity1 — 29.40 9.79 9.66 4.56
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt2 5,866,567 6,164,686 5,861,885 5,393,952 4,923,983
Adjusted shareholders’ equity (deficit)3 201,258 379,213 610,206 528,991 800,267
Solvency Ratio
Adjusted debt to equity4 29.15 16.26 9.61 10.20 6.15

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity (deficit)
= 3,826,978 ÷ -66,423 = —

2 Adjusted total debt. See details »

3 Adjusted shareholders’ equity (deficit). See details »

4 2021 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted shareholders’ equity (deficit)
= 5,866,567 ÷ 201,258 = 29.15

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. O’Reilly Automotive Inc. adjusted debt-to-equity ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Total debt 3,826,978 4,123,217 3,890,527 3,417,122 2,978,390
Total capital 3,760,555 4,263,475 4,287,867 3,770,789 3,631,436
Solvency Ratio
Debt to capital1 1.02 0.97 0.91 0.91 0.82
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt2 5,866,567 6,164,686 5,861,885 5,393,952 4,923,983
Adjusted total capital3 6,067,825 6,543,899 6,472,091 5,922,943 5,724,250
Solvency Ratio
Adjusted debt to capital4 0.97 0.94 0.91 0.91 0.86

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 3,826,978 ÷ 3,760,555 = 1.02

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2021 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 5,866,567 ÷ 6,067,825 = 0.97

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. O’Reilly Automotive Inc. adjusted debt-to-capital ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Total assets 11,718,707 11,596,642 10,717,160 7,980,789 7,571,885
Shareholders’ equity (deficit) (66,423) 140,258 397,340 353,667 653,046
Solvency Ratio
Financial leverage1 — 82.68 26.97 22.57 11.59
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets2 11,730,577 11,609,312 10,731,577 9,970,857 9,530,195
Adjusted shareholders’ equity (deficit)3 201,258 379,213 610,206 528,991 800,267
Solvency Ratio
Adjusted financial leverage4 58.29 30.61 17.59 18.85 11.91

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity (deficit)
= 11,718,707 ÷ -66,423 = —

2 Adjusted total assets. See details »

3 Adjusted shareholders’ equity (deficit). See details »

4 2021 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted shareholders’ equity (deficit)
= 11,730,577 ÷ 201,258 = 58.29

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 O’Reilly Automotive Inc. adjusted financial leverage ratio increased from 2019 to 2020 and from 2020 to 2021.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Net income 2,164,685 1,752,302 1,391,042 1,324,487 1,133,804
Sales 13,327,563 11,604,493 10,149,985 9,536,428 8,977,726
Profitability Ratio
Net profit margin1 16.24% 15.10% 13.70% 13.89% 12.63%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income2 2,189,837 1,761,108 1,426,918 1,352,590 1,137,396
Adjusted sales3 13,326,463 11,604,893 10,149,785 9,536,028 8,977,626
Profitability Ratio
Adjusted net profit margin4 16.43% 15.18% 14.06% 14.18% 12.67%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Net profit margin = 100 × Net income ÷ Sales
= 100 × 2,164,685 ÷ 13,327,563 = 16.24%

2 Adjusted net income. See details »

3 Adjusted sales. See details »

4 2021 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted sales
= 100 × 2,189,837 ÷ 13,326,463 = 16.43%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. O’Reilly Automotive Inc. adjusted net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Net income 2,164,685 1,752,302 1,391,042 1,324,487 1,133,804
Shareholders’ equity (deficit) (66,423) 140,258 397,340 353,667 653,046
Profitability Ratio
ROE1 — 1,249.34% 350.09% 374.50% 173.62%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income2 2,189,837 1,761,108 1,426,918 1,352,590 1,137,396
Adjusted shareholders’ equity (deficit)3 201,258 379,213 610,206 528,991 800,267
Profitability Ratio
Adjusted ROE4 1,088.07% 464.41% 233.84% 255.69% 142.13%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROE = 100 × Net income ÷ Shareholders’ equity (deficit)
= 100 × 2,164,685 ÷ -66,423 = —

2 Adjusted net income. See details »

3 Adjusted shareholders’ equity (deficit). See details »

4 2021 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted shareholders’ equity (deficit)
= 100 × 2,189,837 ÷ 201,258 = 1,088.07%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. O’Reilly Automotive Inc. adjusted ROE improved from 2019 to 2020 and from 2020 to 2021.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in thousands)
Net income 2,164,685 1,752,302 1,391,042 1,324,487 1,133,804
Total assets 11,718,707 11,596,642 10,717,160 7,980,789 7,571,885
Profitability Ratio
ROA1 18.47% 15.11% 12.98% 16.60% 14.97%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income2 2,189,837 1,761,108 1,426,918 1,352,590 1,137,396
Adjusted total assets3 11,730,577 11,609,312 10,731,577 9,970,857 9,530,195
Profitability Ratio
Adjusted ROA4 18.67% 15.17% 13.30% 13.57% 11.93%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 2,164,685 ÷ 11,718,707 = 18.47%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 2021 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 2,189,837 ÷ 11,730,577 = 18.67%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. O’Reilly Automotive Inc. adjusted ROA improved from 2019 to 2020 and from 2020 to 2021.