Best Assets Non Current vs Investments Current Analysis

BBY Stock  USD 81.87  1.81  2.26%   
Trend analysis of Best Buy Co balance sheet accounts such as Short Long Term Debt Total of 4.2 B, Other Current Liabilities of 881.9 M or Total Current Liabilities of 5.2 B provides information on Best Buy's total assets, liabilities, and equity, which is the actual value of Best Buy to its prevalent stockholders. By breaking down trends over time using Best Buy balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting 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 Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Best Buy at a specified time, usually calculated after every quarter, six months, or one year. Best Buy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Best Buy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Best currently owns. An asset can also be divided into two categories, current and non-current.

Best Buy Balance Sheet Chart

Best Buy Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Best Buy uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Best Buy's Intangible Assets are fairly stable compared to the past year. Cash And Equivalents is likely to rise to about 2.8 B in 2024, whereas Total Assets are likely to drop slightly above 9.7 B in 2024.

Total Assets

Total assets refers to the total amount of Best Buy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Best Buy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Best Buy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Best Buy Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Best Buy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 23.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 5.1 B in 2024.
 2021 2022 2024 (projected)
Interest Expense25M35M60.3M
Depreciation And Amortization835M1.1B480.8M

Best Buy fundamental ratios Correlations

0.540.770.970.740.63-0.040.740.690.650.670.590.620.330.680.950.580.410.970.920.50.960.680.330.38-0.12
0.540.080.490.170.980.620.150.440.960.190.17-0.01-0.070.960.340.07-0.060.610.240.810.470.120.710.780.18
0.770.080.820.580.23-0.220.560.350.290.430.290.90.540.310.860.860.490.750.840.230.80.75-0.190.080.0
0.970.490.820.620.6-0.040.630.630.630.580.50.670.280.640.950.610.370.980.90.550.990.610.320.38-0.02
0.740.170.580.620.23-0.320.990.560.280.790.750.490.660.320.720.390.520.580.860.10.650.830.03-0.04-0.48
0.630.980.230.60.230.620.210.420.990.230.160.160.040.980.470.21-0.010.690.350.830.580.250.660.790.18
-0.040.62-0.22-0.04-0.320.62-0.37-0.430.63-0.23-0.56-0.11-0.170.54-0.11-0.01-0.320.06-0.340.56-0.11-0.160.50.70.22
0.740.150.560.630.990.21-0.370.60.240.810.790.480.630.30.730.350.460.580.860.090.660.820.01-0.1-0.5
0.690.440.350.630.560.42-0.430.60.390.50.840.120.090.490.530.090.30.650.680.30.690.320.260.11-0.03
0.650.960.290.630.280.990.630.240.390.260.120.230.10.970.510.290.040.710.370.810.60.30.630.830.2
0.670.190.430.580.790.23-0.230.810.50.260.630.340.410.330.670.170.150.560.720.070.60.630.17-0.04-0.38
0.590.170.290.50.750.16-0.560.790.840.120.630.080.310.220.49-0.010.320.470.720.090.560.460.17-0.24-0.49
0.62-0.010.90.670.490.16-0.110.480.120.230.340.080.580.220.730.830.350.590.680.210.650.7-0.320.040.07
0.33-0.070.540.280.660.04-0.170.630.090.10.410.310.580.130.450.540.310.170.55-0.050.320.88-0.41-0.27-0.37
0.680.960.310.640.320.980.540.30.490.970.330.220.220.130.530.290.010.730.430.760.630.360.580.720.13
0.950.340.860.950.720.47-0.110.730.530.510.670.490.730.450.530.670.40.910.940.370.950.770.150.24-0.16
0.580.070.860.610.390.21-0.010.350.090.290.17-0.010.830.540.290.670.420.560.610.10.580.69-0.190.2-0.02
0.41-0.060.490.370.52-0.01-0.320.460.30.040.150.320.350.310.010.40.420.320.47-0.110.380.37-0.180.060.08
0.970.610.750.980.580.690.060.580.650.710.560.470.590.170.730.910.560.320.840.60.960.540.410.480.02
0.920.240.840.90.860.35-0.340.860.680.370.720.720.680.550.430.940.610.470.840.260.910.810.060.03-0.31
0.50.810.230.550.10.830.560.090.30.810.070.090.21-0.050.760.370.1-0.110.60.260.490.080.540.640.25
0.960.470.80.990.650.58-0.110.660.690.60.60.560.650.320.630.950.580.380.960.910.490.640.280.32-0.03
0.680.120.750.610.830.25-0.160.820.320.30.630.460.70.880.360.770.690.370.540.810.080.64-0.21-0.08-0.42
0.330.71-0.190.320.030.660.50.010.260.630.170.17-0.32-0.410.580.15-0.19-0.180.410.060.540.28-0.210.69-0.1
0.380.780.080.38-0.040.790.7-0.10.110.83-0.04-0.240.04-0.270.720.240.20.060.480.030.640.32-0.080.690.41
-0.120.180.0-0.02-0.480.180.22-0.5-0.030.2-0.38-0.490.07-0.370.13-0.16-0.020.080.02-0.310.25-0.03-0.42-0.10.41
Click cells to compare fundamentals

Best Buy Account Relationship Matchups

Best Buy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets15.6B19.1B17.5B15.8B15.0B9.7B
Short Long Term Debt Total4.1B4.1B3.9B4.0B4.0B4.2B
Other Current Liab1.3B1.7B1.8B1.2B1.4B881.9M
Total Current Liabilities8.1B10.5B10.7B9.0B7.9B5.2B
Total Stockholder Equity3.5B4.6B3.0B2.8B3.1B2.9B
Property Plant And Equipment Net5.0B4.9B4.9B5.1B5.0B5.3B
Net Debt1.8B(1.4B)1.0B2.1B2.5B2.7B
Retained Earnings3.2B4.2B2.7B2.4B2.7B2.5B
Cash2.2B5.5B2.9B1.9B1.4B1.3B
Non Current Assets Total6.7B6.5B7.0B7.0B7.1B7.4B
Non Currrent Assets Other615M561M548M469M454M338.8M
Cash And Short Term Investments2.2B5.5B2.9B1.9B1.4B1.7B
Net Receivables1.1B1.1B1.0B1.1B939M782.2M
Common Stock Shares Outstanding268.1M263M249.3M225.7M218.5M386.0M
Liabilities And Stockholders Equity15.6B19.1B17.5B15.8B15.0B9.6B
Non Current Liabilities Total4.1B4.0B3.8B4.0B4.0B4.2B
Other Current Assets305M373M596M647M553M422.9M
Other Stockholder Equity295M328M329M21M31M29.5M
Total Liab12.1B14.5B14.5B13.0B11.9B6.7B
Total Current Assets8.9B12.5B10.5B8.8B7.9B6.3B
Accumulated Other Comprehensive Income295M328M329M322M317M332.9M
Short Term Debt674M817M661M654M631M662.6M
Accounts Payable5.3B7.0B6.8B5.7B4.6B3.6B
Current Deferred Revenue782M1.0B1.4B1.4B1.3B926.9M
Good Will984M986M1.4B1.4B1.6B1.1B
Intangible Assets363M301M275M189M170.1M228.2M
Short Term Investments0.0117M65M178M160.2M152.2M
Other Assets243M277M352M520M468M297.1M
Long Term Debt1.3B1.1B1.1B1.2B1.2B931M
Long Term Debt Total1.3B1.3B1.2B1.2B1.3B1.3B
Cash And Equivalents2.2B5.5B2.9B1.9B2.2B2.8B
Property Plant Equipment5.0B4.9B4.9B5.1B5.9B4.3B
Other Liab657M694M533M705M634.5M534.1M
Net Tangible Assets2.1B3.3B1.4B3.6B4.1B2.7B
Net Invested Capital4.8B5.8B4.2B1.2B4.2B3.3B
Short Long Term Debt14M110M13M16M14.4M13.7M
Non Current Liabilities Other657M694M533M705M654M532.4M

Best Buy Investors Sentiment

The influence of Best Buy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Best. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Best Buy's public news can be used to forecast risks associated with an investment in Best. The trend in average sentiment can be used to explain how an investor holding Best can time the market purely based on public headlines and social activities around Best Buy Co. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Best Buy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Best Buy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Best Buy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Best Buy.

Best Buy Implied Volatility

    
  30.95  
Best Buy's implied volatility exposes the market's sentiment of Best Buy Co stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Best Buy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Best Buy stock will not fluctuate a lot when Best Buy's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Best Buy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Best Buy's short interest history, or implied volatility extrapolated from Best Buy options trading.

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

  0.73W Wayfair Financial Report 2nd of May 2024 PairCorr
  0.79AN AutoNation Financial Report 18th of April 2024 PairCorr

Moving against Best Stock

  0.55BGI Birks GroupPairCorr
  0.51FNKO Funko Inc Financial Report 2nd of May 2024 PairCorr
  0.51DIT AMCON Distributing Fiscal Quarter End 31st of March 2024 PairCorr
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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Best Stock analysis

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.