Best Buy Accumulated Retained Earnings Deficit vs Accounts Payable Analysis

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BBY -- USA Stock  

Fiscal Quarter End: January 31, 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 Accumulated Retained Earnings Deficit and its Accounts Payable accounts. Continue to Trending Equities.

Accumulated Retained Earnings Deficit vs Accounts Payable

Accounts Relationship

Accumulated Retained Earnings Deficit vs Accounts Payable

Significance: Very Week Relationship

Accumulated Retained Earnings Deficit diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Accumulated Retained Earnings Deficit account and Accounts Payable

Correlation Coefficient

0.21
Relationship DirectionPositive 
Relationship StrengthVery Weak

Accumulated Retained Earnings Deficit

A component of [Equity] representing the cumulative amount of the entities undistributed earnings or deficit. May only be reported annually by certain companies; rather than quarterly.

Accounts Payable

An accounting item on the balance sheet that represents Best Buy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Best Buy are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms.