Best Buy Receivables vs Cash and Equivalents Analysis

<div class='logoBackup' style='background:#754DEB;color: white;font-size:3em;;'>BES</div>
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 Trade and Non Trade Receivables and its Cash and Equivalents accounts. Continue to Trending Equities.

Trade and Non Trade Receivables vs Cash and Equivalents

Accounts Relationship

Receivables vs Cash and Equivalents

Significance: Fragmental Relationship

Receivables diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Receivables account and Cash and Equivalents

Correlation Coefficient

0.5
Relationship DirectionPositive 
Relationship StrengthWeak

Trade and Non Trade Receivables

A component of [Assets] representing trade and non-trade receivables.

Cash and Equivalents

A component of [Assets] representing the amount of currency on hand as well as demand deposits with banks or financial institutions.