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Best Buy Cost of Revenue vs Revenues Analysis

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BBY -- USA Stock  

Earning Report: February 27, 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 Revenues accounts. Continue to Trending Equities.

Cost of Revenue vs Revenues

Accounts Relationship

Cost of Revenue vs Revenues

Significance: Strong 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 Revenues

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Revenues

Revenues refers to the total amount of money received by Best Buy for goods sold or services provided during a certain time period. It also includes all of Best Buy sales as well as any other increase in Best Buy Co equity.Revenues are reported on Best Buy income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.