Best Historical Income Statement

BBY Stock  USD 81.87  1.81  2.26%   
Historical analysis of Best Buy income statement accounts such as Interest Expense of 60.3 M, Selling General Administrative of 5.1 B or Total Revenue of 28 B can show how well Best Buy Co performed in making a profits. Evaluating Best Buy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Best Buy's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Best Buy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Best Buy is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

About Best Income Statement Analysis

Best Buy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Best Buy shareholders. The income statement also shows Best investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Best Buy Income Statement Chart

Best Buy Co Income Statement is one of the three primary financial statements used for reporting Best's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Best Buy revenue and expense. Best Buy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Best Buy's Interest Expense is fairly stable compared to the past year. Selling And Marketing Expenses is likely to rise to about 1 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 480.8 M in 2024.

Total Revenue

Total revenue comprises all receipts Best Buy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Best Buy Co minus its cost of goods sold. It is profit before Best Buy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Best Buy. It is also known as Best Buy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from Best Buy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Best Buy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
At this time, Best Buy's Interest Expense is fairly stable compared to the past year. Selling And Marketing Expenses is likely to rise to about 1 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 480.8 M in 2024.
 2021 2022 2024 (projected)
Interest Expense25M35M60.3M
Depreciation And Amortization835M1.1B480.8M

Best Buy income statement Correlations

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0.330.770.50.580.52-0.25-0.050.040.470.7-0.27-0.58-0.550.3-0.50.320.47-0.56-0.32-0.460.120.12
0.780.770.920.950.930.290.420.540.910.980.27-0.38-0.050.57-0.10.060.05-0.030.06-0.130.20.2
0.920.50.920.991.00.580.640.761.00.950.56-0.240.260.610.19-0.08-0.210.30.30.10.220.22
0.880.580.950.990.990.520.630.750.980.960.51-0.320.160.660.11-0.02-0.130.210.280.010.230.23
0.910.520.931.00.990.540.60.731.00.960.52-0.240.230.590.17-0.07-0.190.280.280.080.220.22
0.54-0.250.290.580.520.540.90.880.590.31.00.20.830.590.51-0.26-0.540.590.580.330.080.08
0.6-0.050.420.640.630.60.90.980.640.410.9-0.20.520.780.42-0.19-0.440.50.530.250.110.11
0.750.040.540.760.750.730.880.980.770.550.88-0.220.50.770.44-0.22-0.460.520.490.280.140.14
0.920.470.911.00.981.00.590.640.770.940.57-0.210.290.60.21-0.1-0.230.320.310.120.210.21
0.830.70.980.950.960.960.30.410.550.940.28-0.330.00.53-0.020.040.00.070.15-0.070.230.23
0.52-0.270.270.560.510.521.00.90.880.570.280.210.830.580.51-0.27-0.550.590.580.330.090.09
-0.21-0.58-0.38-0.24-0.32-0.240.2-0.2-0.22-0.21-0.330.210.69-0.330.21-0.23-0.290.190.110.16-0.03-0.03
0.26-0.55-0.050.260.160.230.830.520.50.290.00.830.690.140.54-0.34-0.580.590.50.380.020.02
0.50.30.570.610.660.590.590.780.770.60.530.58-0.330.140.070.02-0.120.10.25-0.030.120.12
0.37-0.5-0.10.190.110.170.510.420.440.21-0.020.510.210.540.07-0.66-0.850.830.260.92-0.54-0.54
-0.250.320.06-0.08-0.02-0.07-0.26-0.19-0.22-0.10.04-0.27-0.23-0.340.02-0.660.88-0.450.29-0.750.560.56
-0.390.470.05-0.21-0.13-0.19-0.54-0.44-0.46-0.230.0-0.55-0.29-0.58-0.12-0.850.88-0.71-0.11-0.840.510.51
0.41-0.56-0.030.30.210.280.590.50.520.320.070.590.190.590.10.83-0.45-0.710.580.8-0.22-0.22
0.19-0.320.060.30.280.280.580.530.490.310.150.580.110.50.250.260.29-0.110.580.060.320.32
0.28-0.46-0.130.10.010.080.330.250.280.12-0.070.330.160.38-0.030.92-0.75-0.840.80.06-0.7-0.7
0.170.120.20.220.230.220.080.110.140.210.230.09-0.030.020.12-0.540.560.51-0.220.32-0.71.0
0.170.120.20.220.230.220.080.110.140.210.230.09-0.030.020.12-0.540.560.51-0.220.32-0.71.0
Click cells to compare fundamentals

Best Buy Account Relationship Matchups

Best Buy income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization853M1.1B835M1.1B923M480.8M
Interest Expense73M64M52M25M35M60.3M
Selling General Administrative7.2B7.1B7.7B7.1B7.9B5.1B
Total Revenue43.6B47.3B51.8B46.3B43.5B28.0B
Gross Profit10.0B10.6B11.6B9.9B9.5B6.5B
Other Operating Expenses41.6B44.6B48.8B44.4B41.7B26.8B
Operating Income2.0B2.4B3.0B1.8B1.7B1.1B
Ebit2.0B2.4B3.0B1.8B1.7B1.1B
Ebitda2.9B3.5B3.9B2.9B2.6B1.6B
Cost Of Revenue33.6B36.7B40.1B36.4B33.9B21.5B
Total Operating Expenses8.0B7.9B8.6B8.0B7.8B5.3B
Income Before Tax2.0B2.4B3.0B1.8B1.6B1.1B
Total Other Income Expense Net(16M)(14M)(15M)(7M)(95M)(90.3M)
Net Income1.5B1.8B2.5B1.4B1.2B685.5M
Income Tax Expense452M579M574M370M381M369.1M
Selling And Marketing Expenses840M819M915M864M993.6M1.0B
Tax Provision452M579M574M370M381M392.4M
Interest Income16M14M15M7M6.3M6.0M
Net Income Applicable To Common Shares1.5B1.8B2.5B1.4B1.6B1.7B
Net Income From Continuing Ops1.5B1.8B2.5B1.4B1.2B1.3B
Reconciled Depreciation812M839M869M918M923M940.7M

Pair Trading with Best Buy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Best Buy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Best Buy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Best Stock

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Moving against Best Stock

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The ability to find closely correlated positions to Best Buy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Best Buy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Best Buy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Best Buy Co to buy it.
The correlation of Best Buy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Best Buy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Best Buy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Best Buy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Best Buy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Best Buy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Best Buy Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Best Buy Co Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.
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Is Best Buy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
3.68
Earnings Share
5.68
Revenue Per Share
199.596
Quarterly Revenue Growth
(0.01)
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.