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Best Buy Consolidated Income vs Cost of Revenue Analysis

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BBY -- USA Stock  

Earnings Report: May 28, 2020  

Best Buy financial indicator trend analysis is way more than just evaluating Best Buy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Best Buy is a good investment. Please check the relationship between Best Buy Consolidated Income and its Cost of Revenue accounts. Continue to Trending Equities.

Consolidated Income vs Cost of Revenue

Accounts Relationship

Consolidated Income vs Cost of Revenue

Significance: Strong Relationship

Consolidated Income diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Consolidated Income account and Cost of Revenue

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Consolidated Income

The portion of profit or loss for the period; net of income taxes; which is attributable to the consolidated entity; before the deduction of net income to non controlling interests.

Cost of Revenue

Cost of revenue is found on best buy income statement and represents the costs associated with goods and services best buy provides. indirect cost, such as salaries, is not included. in other words, cost of revenue is the total cost incurred to obtain a sale. it is more than the traditional cost of goods sold, since it includes specific selling and marketing activities. the aggregate cost of goods produced and sold and services rendered during the reporting period.