Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Current Ratio
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Best Buy Co. Inc., adjusted financial ratios

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Activity Ratio
Total Asset Turnover
Reported	2.96	2.48	2.80	3.32	3.23	2.84
Adjusted	2.98	2.49	2.80	2.77	2.70	2.44
Liquidity Ratio
Current Ratio
Reported	0.99	1.19	1.10	1.18	1.26	1.48
Adjusted	1.11	1.28	1.17	1.26	1.34	1.58
Solvency Ratios
Debt to Equity
Reported	0.41	0.30	0.37	0.42	0.38	0.29
Adjusted	0.95	0.75	1.01	1.07	1.02	0.80
Debt to Capital
Reported	0.29	0.23	0.27	0.30	0.27	0.22
Adjusted	0.49	0.43	0.50	0.52	0.51	0.45
Financial Leverage
Reported	5.80	4.16	4.48	3.90	3.61	2.94
Adjusted	4.20	3.51	3.86	4.15	3.94	3.30
Profitability Ratios
Net Profit Margin
Reported	4.74%	3.80%	3.53%	3.41%	2.37%	3.12%
Adjusted	5.26%	4.48%	3.84%	3.31%	2.86%	3.67%
Return on Equity (ROE)
Reported	81.26%	39.20%	44.29%	44.28%	27.69%	26.08%
Adjusted	65.89%	39.08%	41.49%	38.04%	30.38%	29.58%
Return on Assets (ROA)
Reported	14.02%	9.43%	9.88%	11.35%	7.66%	8.86%
Adjusted	15.67%	11.14%	10.74%	9.16%	7.71%	8.96%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Best Buy Co. Inc. adjusted total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Best Buy Co. Inc. adjusted current ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Best Buy Co. Inc. adjusted debt-to-equity ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Best Buy Co. Inc. adjusted debt-to-capital ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Best Buy Co. Inc. adjusted financial leverage ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Best Buy Co. Inc. adjusted net profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Best Buy Co. Inc. adjusted ROE deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Best Buy Co. Inc. adjusted ROA improved from 2020 to 2021 and from 2021 to 2022.

Best Buy Co. Inc., Financial Ratios: Reported vs. Adjusted

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	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in millions)
Revenue	51,761)	47,262)	43,638)	42,879)	42,151)	39,403)
Total assets	17,504)	19,067)	15,591)	12,901)	13,049)	13,856)
Activity Ratio
Total asset turnover¹	2.96	2.48	2.80	3.32	3.23	2.84
Adjusted
Selected Financial Data (US$ in millions)
Adjusted revenue²	52,153)	47,472)	43,693)	42,872)	42,186)	39,464)
Adjusted total assets³	17,518)	19,088)	15,606)	15,484)	15,622)	16,166)
Activity Ratio
Adjusted total asset turnover⁴	2.98	2.49	2.80	2.77	2.70	2.44

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
Total asset turnover = Revenue ÷ Total assets
= 51,761 ÷ 17,504 = 2.96

² Adjusted revenue. See details »

³ Adjusted total assets. See details »

⁴ 2022 Calculation
Adjusted total asset turnover = Adjusted revenue ÷ Adjusted total assets
= 52,153 ÷ 17,518 = 2.98

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Best Buy Co. Inc. adjusted total asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in millions)
Current assets	10,539)	12,540)	8,857)	8,870)	9,829)	10,516)
Current liabilities	10,674)	10,521)	8,060)	7,513)	7,817)	7,122)
Liquidity Ratio
Current ratio¹	0.99	1.19	1.10	1.18	1.26	1.48
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets²	10,578)	12,578)	8,881)	8,893)	9,866)	10,568)
Adjusted current liabilities³	9,571)	9,810)	7,559)	7,067)	7,364)	6,704)
Liquidity Ratio
Adjusted current ratio⁴	1.11	1.28	1.17	1.26	1.34	1.58

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 10,539 ÷ 10,674 = 0.99

² Adjusted current assets. See details »

³ Adjusted current liabilities. See details »

⁴ 2022 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 10,578 ÷ 9,571 = 1.11

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Liquidity ratio	Description	The company
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Best Buy Co. Inc. adjusted current ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in millions)
Total debt	1,229)	1,377)	1,271)	1,388)	1,355)	1,365)
Total Best Buy Co., Inc. shareholders’ equity	3,020)	4,587)	3,479)	3,306)	3,612)	4,709)
Solvency Ratio
Debt to equity¹	0.41	0.30	0.37	0.42	0.38	0.29
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt²	3,938)	4,082)	4,069)	4,003)	4,050)	3,940)
Adjusted total Best Buy Co., Inc. shareholders’ equity³	4,166)	5,443)	4,040)	3,728)	3,966)	4,896)
Solvency Ratio
Adjusted debt to equity⁴	0.95	0.75	1.01	1.07	1.02	0.80

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
Debt to equity = Total debt ÷ Total Best Buy Co., Inc. shareholders’ equity
= 1,229 ÷ 3,020 = 0.41

² Adjusted total debt. See details »

³ Adjusted total Best Buy Co., Inc. shareholders’ equity. See details »

⁴ 2022 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total Best Buy Co., Inc. shareholders’ equity
= 3,938 ÷ 4,166 = 0.95

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Solvency ratio	Description	The company
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Best Buy Co. Inc. adjusted debt-to-equity ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in millions)
Total debt	1,229)	1,377)	1,271)	1,388)	1,355)	1,365)
Total capital	4,249)	5,964)	4,750)	4,694)	4,967)	6,074)
Solvency Ratio
Debt to capital¹	0.29	0.23	0.27	0.30	0.27	0.22
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt²	3,938)	4,082)	4,069)	4,003)	4,050)	3,940)
Adjusted total capital³	8,104)	9,525)	8,109)	7,731)	8,016)	8,836)
Solvency Ratio
Adjusted debt to capital⁴	0.49	0.43	0.50	0.52	0.51	0.45

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 1,229 ÷ 4,249 = 0.29

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2022 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 3,938 ÷ 8,104 = 0.49

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Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Best Buy Co. Inc. adjusted debt-to-capital ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in millions)
Total assets	17,504)	19,067)	15,591)	12,901)	13,049)	13,856)
Total Best Buy Co., Inc. shareholders’ equity	3,020)	4,587)	3,479)	3,306)	3,612)	4,709)
Solvency Ratio
Financial leverage¹	5.80	4.16	4.48	3.90	3.61	2.94
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets²	17,518)	19,088)	15,606)	15,484)	15,622)	16,166)
Adjusted total Best Buy Co., Inc. shareholders’ equity³	4,166)	5,443)	4,040)	3,728)	3,966)	4,896)
Solvency Ratio
Adjusted financial leverage⁴	4.20	3.51	3.86	4.15	3.94	3.30

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
Financial leverage = Total assets ÷ Total Best Buy Co., Inc. shareholders’ equity
= 17,504 ÷ 3,020 = 5.80

² Adjusted total assets. See details »

³ Adjusted total Best Buy Co., Inc. shareholders’ equity. See details »

⁴ 2022 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total Best Buy Co., Inc. shareholders’ equity
= 17,518 ÷ 4,166 = 4.20

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Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Best Buy Co. Inc. adjusted financial leverage ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in millions)
Net earnings	2,454)	1,798)	1,541)	1,464)	1,000)	1,228)
Revenue	51,761)	47,262)	43,638)	42,879)	42,151)	39,403)
Profitability Ratio
Net profit margin¹	4.74%	3.80%	3.53%	3.41%	2.37%	3.12%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings²	2,745)	2,127)	1,676)	1,418)	1,205)	1,448)
Adjusted revenue³	52,153)	47,472)	43,693)	42,872)	42,186)	39,464)
Profitability Ratio
Adjusted net profit margin⁴	5.26%	4.48%	3.84%	3.31%	2.86%	3.67%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
Net profit margin = 100 × Net earnings ÷ Revenue
= 100 × 2,454 ÷ 51,761 = 4.74%

² Adjusted net earnings. See details »

³ Adjusted revenue. See details »

⁴ 2022 Calculation
Adjusted net profit margin = 100 × Adjusted net earnings ÷ Adjusted revenue
= 100 × 2,745 ÷ 52,153 = 5.26%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Best Buy Co. Inc. adjusted net profit margin ratio improved from 2020 to 2021 and from 2021 to 2022.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in millions)
Net earnings	2,454)	1,798)	1,541)	1,464)	1,000)	1,228)
Total Best Buy Co., Inc. shareholders’ equity	3,020)	4,587)	3,479)	3,306)	3,612)	4,709)
Profitability Ratio
ROE¹	81.26%	39.20%	44.29%	44.28%	27.69%	26.08%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings²	2,745)	2,127)	1,676)	1,418)	1,205)	1,448)
Adjusted total Best Buy Co., Inc. shareholders’ equity³	4,166)	5,443)	4,040)	3,728)	3,966)	4,896)
Profitability Ratio
Adjusted ROE⁴	65.89%	39.08%	41.49%	38.04%	30.38%	29.58%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
ROE = 100 × Net earnings ÷ Total Best Buy Co., Inc. shareholders’ equity
= 100 × 2,454 ÷ 3,020 = 81.26%

² Adjusted net earnings. See details »

³ Adjusted total Best Buy Co., Inc. shareholders’ equity. See details »

⁴ 2022 Calculation
Adjusted ROE = 100 × Adjusted net earnings ÷ Adjusted total Best Buy Co., Inc. shareholders’ equity
= 100 × 2,745 ÷ 4,166 = 65.89%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Best Buy Co. Inc. adjusted ROE deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in millions)
Net earnings	2,454)	1,798)	1,541)	1,464)	1,000)	1,228)
Total assets	17,504)	19,067)	15,591)	12,901)	13,049)	13,856)
Profitability Ratio
ROA¹	14.02%	9.43%	9.88%	11.35%	7.66%	8.86%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings²	2,745)	2,127)	1,676)	1,418)	1,205)	1,448)
Adjusted total assets³	17,518)	19,088)	15,606)	15,484)	15,622)	16,166)
Profitability Ratio
Adjusted ROA⁴	15.67%	11.14%	10.74%	9.16%	7.71%	8.96%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
ROA = 100 × Net earnings ÷ Total assets
= 100 × 2,454 ÷ 17,504 = 14.02%

² Adjusted net earnings. See details »

³ Adjusted total assets. See details »

⁴ 2022 Calculation
Adjusted ROA = 100 × Adjusted net earnings ÷ Adjusted total assets
= 100 × 2,745 ÷ 17,518 = 15.67%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Best Buy Co. Inc. adjusted ROA improved from 2020 to 2021 and from 2021 to 2022.

Best Buy Co. Inc. (NYSE:BBY)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

Best Buy Co. Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Current Ratio

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)