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Best Buy Selling General and Administrative Expense vs Operating Income 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 Selling General and Administrative Expense and its Operating Income accounts. Continue to Trending Equities.

Selling General and Administrative Expense vs Operating Income

Accounts Relationship

Selling General and Administrative Expense vs Operating Income

Significance: Weak Contrarian Relationship

Selling General and Administrative Expense diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Selling General and Administrative Expense account and Operating Income

Correlation Coefficient

-0.14
Relationship DirectionNegative 
Relationship StrengthInsignificant

Selling General and Administrative Expense

A component of [OpEx] representing the aggregate total costs related to selling a firm's product and services; as well as all other general and administrative expenses. Direct selling expenses (for example; credit; warranty; and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products; for example telephone expenses; Internet; and postal charges. General and administrative expenses include salaries of non-sales personnel; rent; utilities; communication; etc.

Operating Income

Operating Income is the amount of profit realized from Best Buy operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Best Buy Co is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Operating income is a measure of financial performance before the deduction of [IntExp]; [TaxExp] and other Non-Operating items. It is calculated as Gross Profit minus [OpEx].