>

Best Buy Net Income vs Income Tax Expense Analysis

<div class='circular--portrait' style='background:#754DEB;color: white;font-size:3em;padding-top: 40px;;'>BES</div>
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 Net Income and its Income Tax Expense accounts. Continue to Trending Equities.

Net Income vs Income Tax Expense

Accounts Relationship

Net Income vs Income Tax Expense

Significance: Weak Contrarian Relationship

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

Correlation Coefficient

-0.14
Relationship DirectionNegative 
Relationship StrengthInsignificant

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 [NetIncNCI] from [ConsolInc]; and before the deduction of [PrefDivIS].

Income Tax Expense

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