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

Revenues vs Net Income

Accounts Relationship

Revenues vs Net Income

Significance: Very Strong Relationship

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

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Revenues

Revenues refers to the total amount of money received by best buy for goods sold or services provided during a certain time period. it also includes all of best buy sales as well as any other increase in best buy co equity.revenues are reported on best buy income statement and calculated before any expenses are subtracted. amount of revenue recognized from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. interest income for financial institutions is reported net of interest expense and provision for credit losses.

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.