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Best Buy Cost of Revenue vs Net Income 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 Cost of Revenue and its Net Income accounts. Continue to Trending Equities.

Cost of Revenue vs Net Income

Accounts Relationship

Cost of Revenue vs Net Income

Significance: Fragmental Relationship

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

Correlation Coefficient

0.59
Relationship DirectionPositive 
Relationship StrengthWeak

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.

Net Income

Net income is one of the most important fundamental items in finance. it plays a large role in best buy financial statement analysis. it represents the amount of money remaining after all of best buy co operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. the portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of net income to non controlling interests from consolidated income; and before the deduction of preferred dividends.