Historical analysis of Best Buy income statement accounts such as Cost of Revenue of 32.4 B
, Earning Before Interest and Taxes EBIT of 1.5 B
or Gross Profit of 9.4 B
can show how well Best Buy Co Inc performed in making a profits. Evaluating Best Buy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Best Buy future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Best Buy Co latest accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether Best Buy Co is a good buy for the upcoming year. Check also Trending Equities
Cost of Revenue Earning Before Interest and Taxes EBIT Net Income Operating Income Revenues USD Income Tax Expense
Best Buy Co Inc Income Statement Chart
Cost of Revenue
Cost of Revenue is found on Best Buy Co 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.
Earning Before Interest and Taxes EBIT
Earnings Before Interest and Tax is calculated by adding Income Tax Expense
and Interest Expense
back to Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Best Buy Co financial statement analysis. It represents the amount of money remaining after all of Best Buy Co Inc 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.
Operating Income is the amount of profit realized from Best Buy Co 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 Inc 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 Interest Expense
, Income Tax Expense
and other Non-Operating items. It is calculated as Gross Profit
minus Operating Expenses
Revenues USD Revenues
in USD, converted by [FXUSD].
Income Tax Expense
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.