Historical analysis of Best Buy income statement accounts such as Consolidated Income of 470.3 M, Cost of Revenue of 17.2 B or Earning Before Interest and Taxes EBIT of 769.5 M can show how well Best Buy Co performed in making a profits. Evaluating Best Buy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Best Buy future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Best Buy latest accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether Best Buy is a good buy for the upcoming year. Check also Trending Equities.
Earning Before Interest and Taxes EBITEarnings Before Interest and Tax is calculated by adding [TaxExp] and [IntExp] back to [NetInc].
RevenuesRevenues refers to the total amount of money received by Best Buy for goods sold or services provided during a certain time period. It also includes all of Best Buy sales as well as any other increase in Best Buy Co equity.Revenues are reported on Best Buy income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.