Best Cost Of Revenue vs Selling And Marketing Expenses Analysis

BBY Stock  USD 88.17  0.31  0.35%   
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 Cost Of Revenue and its Selling And Marketing Expenses 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 closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Cost Of Revenue vs Selling And Marketing Expenses

Cost Of Revenue vs Selling And Marketing Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Best Buy Cost Of Revenue account and Selling And Marketing Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Best Buy's Cost Of Revenue and Selling And Marketing Expenses is 0.55. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Selling And Marketing Expenses 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 Cost Of Revenue and Selling And Marketing Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Best Buy Co are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Cost Of Revenue i.e., Best Buy's Cost Of Revenue and Selling And Marketing Expenses go up and down completely randomly.

Correlation Coefficient

0.55
Relationship DirectionPositive 
Relationship StrengthWeak

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.

Selling And Marketing Expenses

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 closely tied 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 Amortization869M918M472.6M

Best Buy fundamental ratios Correlations

0.540.610.970.740.63-0.040.740.690.63-0.080.590.620.330.570.950.580.320.980.920.420.960.680.330.38-0.12
0.54-0.040.490.170.980.620.150.440.960.30.17-0.01-0.070.950.340.070.070.620.240.890.470.120.710.780.16
0.61-0.040.690.450.1-0.210.430.20.13-0.450.190.80.55-0.030.750.780.320.580.71-0.10.690.65-0.21-0.010.03
0.970.490.690.620.6-0.040.630.630.6-0.230.50.670.280.480.950.610.320.980.90.440.990.610.320.38-0.02
0.740.170.450.620.23-0.320.990.560.280.140.750.490.660.330.720.390.440.590.860.00.650.830.03-0.04-0.46
0.630.980.10.60.230.620.210.420.990.180.160.160.040.930.470.210.10.70.350.870.580.250.660.790.15
-0.040.62-0.21-0.04-0.320.62-0.37-0.430.630.19-0.56-0.11-0.170.54-0.11-0.01-0.050.07-0.340.58-0.11-0.160.50.70.18
0.740.150.430.630.990.21-0.370.60.250.090.790.480.630.30.730.350.360.590.86-0.020.660.820.01-0.1-0.49
0.690.440.20.630.560.42-0.430.60.390.130.840.120.090.470.530.090.140.660.680.370.690.320.260.11-0.02
0.630.960.130.60.280.990.630.250.390.250.130.180.090.940.490.260.170.70.350.840.580.290.660.840.16
-0.080.3-0.45-0.230.140.180.190.090.130.250.16-0.62-0.140.5-0.23-0.320.15-0.1-0.190.15-0.24-0.150.410.32-0.21
0.590.170.190.50.750.16-0.560.790.840.130.160.080.310.260.49-0.010.210.480.720.120.560.460.17-0.24-0.47
0.62-0.010.80.670.490.16-0.110.480.120.18-0.620.080.58-0.030.730.830.260.570.68-0.050.650.7-0.320.040.08
0.33-0.070.550.280.660.04-0.170.630.090.09-0.140.310.580.060.450.540.10.170.55-0.20.320.88-0.41-0.27-0.35
0.570.95-0.030.480.330.930.540.30.470.940.50.26-0.030.060.380.130.10.610.310.760.470.260.670.750.01
0.950.340.750.950.720.47-0.110.730.530.49-0.230.490.730.450.380.670.270.910.940.220.950.770.150.24-0.16
0.580.070.780.610.390.21-0.010.350.090.26-0.32-0.010.830.540.130.670.10.550.610.010.580.69-0.190.2-0.02
0.320.070.320.320.440.1-0.050.360.140.170.150.210.260.10.10.270.10.290.310.030.290.130.120.230.23
0.980.620.580.980.590.70.070.590.660.7-0.10.480.570.170.610.910.550.290.840.520.960.530.430.50.0
0.920.240.710.90.860.35-0.340.860.680.35-0.190.720.680.550.310.940.610.310.840.140.910.810.060.03-0.29
0.420.89-0.10.440.00.870.58-0.020.370.840.150.12-0.05-0.20.760.220.010.030.520.140.4-0.060.760.750.17
0.960.470.690.990.650.58-0.110.660.690.58-0.240.560.650.320.470.950.580.290.960.910.40.640.280.32-0.02
0.680.120.650.610.830.25-0.160.820.320.29-0.150.460.70.880.260.770.690.130.530.81-0.060.64-0.21-0.08-0.41
0.330.71-0.210.320.030.660.50.010.260.660.410.17-0.32-0.410.670.15-0.190.120.430.060.760.28-0.210.69-0.12
0.380.78-0.010.38-0.040.790.7-0.10.110.840.32-0.240.04-0.270.750.240.20.230.50.030.750.32-0.080.690.37
-0.120.160.03-0.02-0.460.150.18-0.49-0.020.16-0.21-0.470.08-0.350.01-0.16-0.020.230.0-0.290.17-0.02-0.41-0.120.37
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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 Liab1.3B990M2.5B868M757M854.8M
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 Other615M561M548M469M669M702.5M
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 Debt674M1.5B1.3B1.3B1.3B1.3B
Accounts Payable5.3B7.0B6.8B5.7B4.6B3.6B
Current Deferred Revenue782M1.0B1.4B1.4B1.3B926.9M
Good Will984M986M1.4B1.4B1.6B1.1B
Intangible Assets363M301M275M189M128M223.0M
Short Term Investments183M117M65M178M160.2M152.2M
Other Assets243M277M352M520M468M316M
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

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