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Best Buy Gross Profit vs Weighted Average Shares Diluted 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 Weighted Average Shares Diluted accounts. Continue to Trending Equities.

Gross Profit vs Weighted Average Shares Diluted

Accounts Relationship

Gross Profit vs Weighted Average Shares Diluted

Significance: Pay attention

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 Weighted Average Shares Diluted

Correlation Coefficient

-0.86
Relationship DirectionNegative 
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.

Weighted Average Shares Diluted

The weighted average number of shares or units issued and outstanding that are used by the company to calculate [EPSDil]; determined based on the timing of issuance of shares or units in the period.