Best Buy Invested Capital Average vs Earnings before Tax Analysis

BBY -- USA Stock  

USD 70.79  1.86  2.70%

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 Invested Capital Average and its Earnings before Tax accounts. Check also Trending Equities.

Invested Capital Average vs Earnings before Tax

Accounts Relationship

Invested Capital Average vs Earnings before Tax

Significance: Very Week Relationship

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

Correlation Coefficient

0.23
Relationship DirectionPositive 
Relationship StrengthVery Weak

Invested Capital Average

Average invested capital value for the period used in the calculation of Return on Invested Capital; and derived from Invested Capital. Invested capital is an input into the calculation of Return on Invested Capital; and is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.

Earnings before Tax

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

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