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Best Buy Gross Profit vs Net Income to Non Controlling Interests 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 Gross Profit and its Net Income to Non Controlling Interests accounts. Continue to Trending Equities.

Gross Profit vs Net Income to Non Controlling Interests

Accounts Relationship

Gross Profit vs Net Income to Non Controlling Interests

Significance: 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 Net Income to Non Controlling Interests

Correlation Coefficient

0.62
Relationship DirectionPositive 
Relationship StrengthSignificant

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 [Revenue] less cost of revenue [CoR] directly attributable to the revenue generation activity.

Net Income to Non Controlling Interests

The portion of income which is attributable to non-controlling interest shareholders; subtracted from [ConsolInc] in order to obtain [NetInc].