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Best Buy Income Tax Expense 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 Income Tax Expense and its Net Income accounts. Continue to Trending Equities.

Income Tax Expense vs Net Income

Accounts Relationship

Income Tax Expense vs Net Income

Significance: Weak Contrarian Relationship

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

Correlation Coefficient

-0.14
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Tax Expense

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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.