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Best Buy Gross Profit vs Earning Before Interest and Taxes EBIT 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 Gross Profit and its Earning Before Interest and Taxes EBIT accounts. Continue to Trending Equities.

Gross Profit vs Earning Before Interest and Taxes EBIT

Accounts Relationship

Gross Profit vs Earning Before Interest and Taxes EBIT

Significance: Very Strong Relationship

Gross Profit diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Gross Profit account and Earning Before Interest and Taxes EBIT

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

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. aggregate revenue revenues less cost of revenue cost of revenue directly attributable to the revenue generation activity.

Earning Before Interest and Taxes EBIT

Earnings before interest and tax is calculated by adding income tax expense and interest expense back to net income.