Best Property Plant and Equipment Net vs Accumulated Other Comprehensive Income Analysis

BBY Stock  USD 81.87  1.81  2.26%   
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 Property Plant And Equipment Net and its Accumulated Other Comprehensive Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Property Plant And Equipment Net vs Accumulated Other Comprehensive Income

Property Plant and Equipment Net vs Accumulated Other Comprehensive Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Best Buy Property Plant and Equipment Net account and Accumulated Other Comprehensive Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Best Buy's Property Plant and Equipment Net and Accumulated Other Comprehensive Income is 0.39. Overlapping area represents the amount of variation of Property Plant and Equipment Net that can explain the historical movement of Accumulated Other Comprehensive Income in the same time period over historical financial statements of Best Buy Co, assuming nothing else is changed. The correlation between historical values of Best Buy's Property Plant and Equipment Net and Accumulated Other Comprehensive Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant and Equipment Net of Best Buy Co are associated (or correlated) with its Accumulated Other Comprehensive Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Other Comprehensive Income has no effect on the direction of Property Plant and Equipment Net i.e., Best Buy's Property Plant and Equipment Net and Accumulated Other Comprehensive Income go up and down completely randomly.

Correlation Coefficient

0.39
Relationship DirectionPositive 
Relationship StrengthVery Weak

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Accumulated Other Comprehensive Income

Gains and losses not included in net income that are recorded in shareholders' equity, reflecting changes in the value of assets or liabilities that are not realized.
Most indicators from Best Buy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Best Buy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
At this time, Best Buy's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 23.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 5.1 B in 2024.
 2021 2022 2024 (projected)
Interest Expense25M35M60.3M
Depreciation And Amortization835M1.1B480.8M

Best Buy fundamental ratios Correlations

0.540.770.970.740.63-0.040.740.690.650.670.590.620.330.680.950.580.410.970.920.50.960.680.330.38-0.12
0.540.080.490.170.980.620.150.440.960.190.17-0.01-0.070.960.340.07-0.060.610.240.810.470.120.710.780.18
0.770.080.820.580.23-0.220.560.350.290.430.290.90.540.310.860.860.490.750.840.230.80.75-0.190.080.0
0.970.490.820.620.6-0.040.630.630.630.580.50.670.280.640.950.610.370.980.90.550.990.610.320.38-0.02
0.740.170.580.620.23-0.320.990.560.280.790.750.490.660.320.720.390.520.580.860.10.650.830.03-0.04-0.48
0.630.980.230.60.230.620.210.420.990.230.160.160.040.980.470.21-0.010.690.350.830.580.250.660.790.18
-0.040.62-0.22-0.04-0.320.62-0.37-0.430.63-0.23-0.56-0.11-0.170.54-0.11-0.01-0.320.06-0.340.56-0.11-0.160.50.70.22
0.740.150.560.630.990.21-0.370.60.240.810.790.480.630.30.730.350.460.580.860.090.660.820.01-0.1-0.5
0.690.440.350.630.560.42-0.430.60.390.50.840.120.090.490.530.090.30.650.680.30.690.320.260.11-0.03
0.650.960.290.630.280.990.630.240.390.260.120.230.10.970.510.290.040.710.370.810.60.30.630.830.2
0.670.190.430.580.790.23-0.230.810.50.260.630.340.410.330.670.170.150.560.720.070.60.630.17-0.04-0.38
0.590.170.290.50.750.16-0.560.790.840.120.630.080.310.220.49-0.010.320.470.720.090.560.460.17-0.24-0.49
0.62-0.010.90.670.490.16-0.110.480.120.230.340.080.580.220.730.830.350.590.680.210.650.7-0.320.040.07
0.33-0.070.540.280.660.04-0.170.630.090.10.410.310.580.130.450.540.310.170.55-0.050.320.88-0.41-0.27-0.37
0.680.960.310.640.320.980.540.30.490.970.330.220.220.130.530.290.010.730.430.760.630.360.580.720.13
0.950.340.860.950.720.47-0.110.730.530.510.670.490.730.450.530.670.40.910.940.370.950.770.150.24-0.16
0.580.070.860.610.390.21-0.010.350.090.290.17-0.010.830.540.290.670.420.560.610.10.580.69-0.190.2-0.02
0.41-0.060.490.370.52-0.01-0.320.460.30.040.150.320.350.310.010.40.420.320.47-0.110.380.37-0.180.060.08
0.970.610.750.980.580.690.060.580.650.710.560.470.590.170.730.910.560.320.840.60.960.540.410.480.02
0.920.240.840.90.860.35-0.340.860.680.370.720.720.680.550.430.940.610.470.840.260.910.810.060.03-0.31
0.50.810.230.550.10.830.560.090.30.810.070.090.21-0.050.760.370.1-0.110.60.260.490.080.540.640.25
0.960.470.80.990.650.58-0.110.660.690.60.60.560.650.320.630.950.580.380.960.910.490.640.280.32-0.03
0.680.120.750.610.830.25-0.160.820.320.30.630.460.70.880.360.770.690.370.540.810.080.64-0.21-0.08-0.42
0.330.71-0.190.320.030.660.50.010.260.630.170.17-0.32-0.410.580.15-0.19-0.180.410.060.540.28-0.210.69-0.1
0.380.780.080.38-0.040.790.7-0.10.110.83-0.04-0.240.04-0.270.720.240.20.060.480.030.640.32-0.080.690.41
-0.120.180.0-0.02-0.480.180.22-0.5-0.030.2-0.38-0.490.07-0.370.13-0.16-0.020.080.02-0.310.25-0.03-0.42-0.10.41
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Best Buy Account Relationship Matchups

Best Buy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets15.6B19.1B17.5B15.8B15.0B9.7B
Short Long Term Debt Total4.1B4.1B3.9B4.0B4.0B4.2B
Other Current Liab1.3B1.7B1.8B1.2B1.4B881.9M
Total Current Liabilities8.1B10.5B10.7B9.0B7.9B5.2B
Total Stockholder Equity3.5B4.6B3.0B2.8B3.1B2.9B
Property Plant And Equipment Net5.0B4.9B4.9B5.1B5.0B5.3B
Net Debt1.8B(1.4B)1.0B2.1B2.5B2.7B
Retained Earnings3.2B4.2B2.7B2.4B2.7B2.5B
Cash2.2B5.5B2.9B1.9B1.4B1.3B
Non Current Assets Total6.7B6.5B7.0B7.0B7.1B7.4B
Non Currrent Assets Other615M561M548M469M454M338.8M
Cash And Short Term Investments2.2B5.5B2.9B1.9B1.4B1.7B
Net Receivables1.1B1.1B1.0B1.1B939M782.2M
Common Stock Shares Outstanding268.1M263M249.3M225.7M218.5M386.0M
Liabilities And Stockholders Equity15.6B19.1B17.5B15.8B15.0B9.6B
Non Current Liabilities Total4.1B4.0B3.8B4.0B4.0B4.2B
Other Current Assets305M373M596M647M553M422.9M
Other Stockholder Equity295M328M329M21M31M29.5M
Total Liab12.1B14.5B14.5B13.0B11.9B6.7B
Total Current Assets8.9B12.5B10.5B8.8B7.9B6.3B
Accumulated Other Comprehensive Income295M328M329M322M317M332.9M
Short Term Debt674M817M661M654M631M662.6M
Accounts Payable5.3B7.0B6.8B5.7B4.6B3.6B
Current Deferred Revenue782M1.0B1.4B1.4B1.3B926.9M
Good Will984M986M1.4B1.4B1.6B1.1B
Intangible Assets363M301M275M189M170.1M228.2M
Short Term Investments0.0117M65M178M160.2M152.2M
Other Assets243M277M352M520M468M297.1M
Long Term Debt1.3B1.1B1.1B1.2B1.2B931M
Long Term Debt Total1.3B1.3B1.2B1.2B1.3B1.3B
Cash And Equivalents2.2B5.5B2.9B1.9B2.2B2.8B
Property Plant Equipment5.0B4.9B4.9B5.1B5.9B4.3B
Other Liab657M694M533M705M634.5M534.1M
Net Tangible Assets2.1B3.3B1.4B3.6B4.1B2.7B
Net Invested Capital4.8B5.8B4.2B1.2B4.2B3.3B
Short Long Term Debt14M110M13M16M14.4M13.7M
Non Current Liabilities Other657M694M533M705M654M532.4M

Pair Trading with Best Buy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Best Buy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Best Buy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Best Stock

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Moving against Best Stock

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  0.51DIT AMCON Distributing Fiscal Quarter End 31st of March 2024 PairCorr
The ability to find closely correlated positions to Best Buy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Best Buy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Best Buy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Best Buy Co to buy it.
The correlation of Best Buy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Best Buy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Best Buy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Best Buy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Best Buy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Best Buy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Best Buy Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Best Buy Co Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.
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Is Best Buy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
3.68
Earnings Share
5.68
Revenue Per Share
199.596
Quarterly Revenue Growth
(0.01)
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.