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Best Buy Net Income Common Stock vs Cost of Revenue 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 Net Income Common Stock and its Cost of Revenue accounts. Continue to Trending Equities.

Net Income Common Stock vs Cost of Revenue

Accounts Relationship

Net Income Common Stock vs Cost of Revenue

Significance: Strong Relationship

Net Income Common Stock diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Net Income Common Stock account and Cost of Revenue

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Income Common Stock

The amount of net income (loss) for the period due to common shareholders. Typically differs from [NetInc] to the parent entity due to the deduction of [PrefDivIS].

Cost of Revenue

Cost of Revenue is found on Best Buy income statement and represents the costs associated with goods and services Best Buy provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities. The aggregate cost of goods produced and sold and services rendered during the reporting period.