Best Buy Average Equity vs Earnings before Tax Analysis

BBY -- USA Stock  

USD 70.72  2.27  3.11%

Best Buy financial indicator trend analysis is way more than just evaluating Best Buy Co prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Best Buy Co is a good investment. Please check the relationship between Best Buy Average Equity and its Earnings before Tax accounts. Check also Trending Equities.

Average Equity vs Earnings before Tax

Accounts Relationship

Average Equity vs Earnings before Tax

Significance: Fragmental Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Co Average Equity account and Earnings before Tax

Correlation Coefficient

0.41
Relationship DirectionPositive 
Relationship StrengthWeak

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from Shareholders Equity.

Earnings before Tax

Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.

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