Best Buy Earnings before Tax vs Average Equity Analysis

Earnings before Tax vs Average Equity

Earnings before Tax

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

Average Equity

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

Accounts Relationship

Earnings before Tax vs Average Equity

Significance: Weak Relationship

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

Correlation Coefficient

0.35
Relationship DirectionPositive 
Relationship StrengthVery Weak