Stock Analysis on Net
Stock Analysis on Net

Best Buy Co. Inc. (NYSE:BBY)

This company has been moved to the archive! The financial data has not been updated since December 6, 2022.

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

Best Buy Co. Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Oct 29, 2022 51.79% = 9.11% × 5.69
Jul 30, 2022 61.27% = 11.49% × 5.33
Apr 30, 2022 79.51% = 14.43% × 5.51
Jan 29, 2022 81.26% = 14.02% × 5.80
Oct 30, 2021 61.80% = 13.15% × 4.70
Jul 31, 2021 58.50% = 13.65% × 4.29
May 1, 2021 53.73% = 12.62% × 4.26
Jan 30, 2021 39.20% = 9.43% × 4.16
Oct 31, 2020 42.27% = 8.15% × 5.19
Aug 1, 2020 43.12% = 9.36% × 4.61
May 2, 2020 42.08% = 9.20% × 4.58
Feb 1, 2020 44.29% = 9.88% × 4.48
Nov 2, 2019 48.99% = 9.05% × 5.42
Aug 3, 2019 46.12% = 10.11% × 4.56
May 4, 2019 45.35% = 10.45% × 4.34
Feb 2, 2019 44.28% = 11.35% × 3.90
Nov 3, 2018 36.29% = 7.29% × 4.98
Aug 4, 2018 33.11% = 8.80% × 3.76
May 5, 2018 29.82% = 8.44% × 3.53
Feb 3, 2018 27.69% = 7.66% × 3.61
Oct 28, 2017 29.94% = 8.41% × 3.56
Jul 29, 2017 27.56% = 8.91% × 3.09
Apr 29, 2017 26.38% = 9.16% × 2.88
Jan 28, 2017 26.08% = 8.86% × 2.94
Oct 29, 2016 — = — × 3.41
Jul 30, 2016 — = — × 3.07
Apr 30, 2016 — = — × 2.91

Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2023 is the decrease in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

Best Buy Co. Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Oct 29, 2022 51.79% = 3.23% × 2.82 × 5.69
Jul 30, 2022 61.27% = 3.60% × 3.19 × 5.33
Apr 30, 2022 79.51% = 4.33% × 3.33 × 5.51
Jan 29, 2022 81.26% = 4.74% × 2.96 × 5.80
Oct 30, 2021 61.80% = 5.05% × 2.60 × 4.70
Jul 31, 2021 58.50% = 4.85% × 2.81 × 4.29
May 1, 2021 53.73% = 4.44% × 2.84 × 4.26
Jan 30, 2021 39.20% = 3.80% × 2.48 × 4.16
Oct 31, 2020 42.27% = 3.79% × 2.15 × 5.19
Aug 1, 2020 43.12% = 3.75% × 2.49 × 4.61
May 2, 2020 42.08% = 3.33% × 2.76 × 4.58
Feb 1, 2020 44.29% = 3.53% × 2.80 × 4.48
Nov 2, 2019 48.99% = 3.54% × 2.55 × 5.42
Aug 3, 2019 46.12% = 3.52% × 2.88 × 4.56
May 4, 2019 45.35% = 3.54% × 2.95 × 4.34
Feb 2, 2019 44.28% = 3.41% × 3.32 × 3.90
Nov 3, 2018 36.29% = 2.52% × 2.90 × 4.98
Aug 4, 2018 33.11% = 2.44% × 3.60 × 3.76
May 5, 2018 29.82% = 2.39% × 3.54 × 3.53
Feb 3, 2018 27.69% = 2.37% × 3.23 × 3.61
Oct 28, 2017 29.94% = 3.09% × 2.72 × 3.56
Jul 29, 2017 27.56% = 3.00% × 2.97 × 3.09
Apr 29, 2017 26.38% = 3.01% × 3.05 × 2.88
Jan 28, 2017 26.08% = 3.12% × 2.84 × 2.94
Oct 29, 2016 — = — × — × 3.41
Jul 30, 2016 — = — × — × 3.07
Apr 30, 2016 — = — × — × 2.91

Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2023 is the decrease in efficiency measured by asset turnover ratio.

Five-Component Disaggregation of ROE

Best Buy Co. Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Oct 29, 2022 51.79% = 0.79 × 0.99 × 4.18% × 2.82 × 5.69
Jul 30, 2022 61.27% = 0.78 × 0.99 × 4.68% × 3.19 × 5.33
Apr 30, 2022 79.51% = 0.81 × 0.99 × 5.39% × 3.33 × 5.51
Jan 29, 2022 81.26% = 0.81 × 0.99 × 5.90% × 2.96 × 5.80
Oct 30, 2021 61.80% = 0.81 × 0.99 × 6.31% × 2.60 × 4.70
Jul 31, 2021 58.50% = 0.80 × 0.99 × 6.11% × 2.81 × 4.29
May 1, 2021 53.73% = 0.76 × 0.99 × 5.89% × 2.84 × 4.26
Jan 30, 2021 39.20% = 0.76 × 0.98 × 5.14% × 2.48 × 4.16
Oct 31, 2020 42.27% = 0.75 × 0.98 × 5.18% × 2.15 × 5.19
Aug 1, 2020 43.12% = 0.76 × 0.97 × 5.06% × 2.49 × 4.61
May 2, 2020 42.08% = 0.76 × 0.97 × 4.51% × 2.76 × 4.58
Feb 1, 2020 44.29% = 0.77 × 0.97 × 4.71% × 2.80 × 4.48
Nov 2, 2019 48.99% = 0.77 × 0.97 × 4.78% × 2.55 × 5.42
Aug 3, 2019 46.12% = 0.78 × 0.97 × 4.66% × 2.88 × 4.56
May 4, 2019 45.35% = 0.78 × 0.96 × 4.74% × 2.95 × 4.34
Feb 2, 2019 44.28% = 0.78 × 0.96 × 4.57% × 3.32 × 3.90
Nov 3, 2018 36.29% = 0.61 × 0.96 × 4.28% × 2.90 × 4.98
Aug 4, 2018 33.11% = 0.59 × 0.96 × 4.35% × 3.60 × 3.76
May 5, 2018 29.82% = 0.57 × 0.96 × 4.35% × 3.54 × 3.53
Feb 3, 2018 27.69% = 0.55 × 0.96 × 4.49% × 3.23 × 3.61
Oct 28, 2017 29.94% = 0.68 × 0.96 × 4.70% × 2.72 × 3.56
Jul 29, 2017 27.56% = 0.67 × 0.96 × 4.64% × 2.97 × 3.09
Apr 29, 2017 26.38% = 0.67 × 0.96 × 4.65% × 3.05 × 2.88
Jan 28, 2017 26.08% = 0.67 × 0.96 × 4.84% × 2.84 × 2.94
Oct 29, 2016 — = — × — × — × — × 3.41
Jul 30, 2016 — = — × — × — × — × 3.07
Apr 30, 2016 — = — × — × — × — × 2.91

Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2023 is the decrease in efficiency measured by asset turnover ratio.

Two-Component Disaggregation of ROA

Best Buy Co. Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Oct 29, 2022 9.11% = 3.23% × 2.82
Jul 30, 2022 11.49% = 3.60% × 3.19
Apr 30, 2022 14.43% = 4.33% × 3.33
Jan 29, 2022 14.02% = 4.74% × 2.96
Oct 30, 2021 13.15% = 5.05% × 2.60
Jul 31, 2021 13.65% = 4.85% × 2.81
May 1, 2021 12.62% = 4.44% × 2.84
Jan 30, 2021 9.43% = 3.80% × 2.48
Oct 31, 2020 8.15% = 3.79% × 2.15
Aug 1, 2020 9.36% = 3.75% × 2.49
May 2, 2020 9.20% = 3.33% × 2.76
Feb 1, 2020 9.88% = 3.53% × 2.80
Nov 2, 2019 9.05% = 3.54% × 2.55
Aug 3, 2019 10.11% = 3.52% × 2.88
May 4, 2019 10.45% = 3.54% × 2.95
Feb 2, 2019 11.35% = 3.41% × 3.32
Nov 3, 2018 7.29% = 2.52% × 2.90
Aug 4, 2018 8.80% = 2.44% × 3.60
May 5, 2018 8.44% = 2.39% × 3.54
Feb 3, 2018 7.66% = 2.37% × 3.23
Oct 28, 2017 8.41% = 3.09% × 2.72
Jul 29, 2017 8.91% = 3.00% × 2.97
Apr 29, 2017 9.16% = 3.01% × 3.05
Jan 28, 2017 8.86% = 3.12% × 2.84
Oct 29, 2016 — = — × —
Jul 30, 2016 — = — × —
Apr 30, 2016 — = — × —

Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).

The primary reason for the decrease in return on assets ratio (ROA) over Q3 2023 is the decrease in asset turnover ratio.

Four-Component Disaggregation of ROA

Best Buy Co. Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Oct 29, 2022 9.11% = 0.79 × 0.99 × 4.18% × 2.82
Jul 30, 2022 11.49% = 0.78 × 0.99 × 4.68% × 3.19
Apr 30, 2022 14.43% = 0.81 × 0.99 × 5.39% × 3.33
Jan 29, 2022 14.02% = 0.81 × 0.99 × 5.90% × 2.96
Oct 30, 2021 13.15% = 0.81 × 0.99 × 6.31% × 2.60
Jul 31, 2021 13.65% = 0.80 × 0.99 × 6.11% × 2.81
May 1, 2021 12.62% = 0.76 × 0.99 × 5.89% × 2.84
Jan 30, 2021 9.43% = 0.76 × 0.98 × 5.14% × 2.48
Oct 31, 2020 8.15% = 0.75 × 0.98 × 5.18% × 2.15
Aug 1, 2020 9.36% = 0.76 × 0.97 × 5.06% × 2.49
May 2, 2020 9.20% = 0.76 × 0.97 × 4.51% × 2.76
Feb 1, 2020 9.88% = 0.77 × 0.97 × 4.71% × 2.80
Nov 2, 2019 9.05% = 0.77 × 0.97 × 4.78% × 2.55
Aug 3, 2019 10.11% = 0.78 × 0.97 × 4.66% × 2.88
May 4, 2019 10.45% = 0.78 × 0.96 × 4.74% × 2.95
Feb 2, 2019 11.35% = 0.78 × 0.96 × 4.57% × 3.32
Nov 3, 2018 7.29% = 0.61 × 0.96 × 4.28% × 2.90
Aug 4, 2018 8.80% = 0.59 × 0.96 × 4.35% × 3.60
May 5, 2018 8.44% = 0.57 × 0.96 × 4.35% × 3.54
Feb 3, 2018 7.66% = 0.55 × 0.96 × 4.49% × 3.23
Oct 28, 2017 8.41% = 0.68 × 0.96 × 4.70% × 2.72
Jul 29, 2017 8.91% = 0.67 × 0.96 × 4.64% × 2.97
Apr 29, 2017 9.16% = 0.67 × 0.96 × 4.65% × 3.05
Jan 28, 2017 8.86% = 0.67 × 0.96 × 4.84% × 2.84
Oct 29, 2016 — = — × — × — × —
Jul 30, 2016 — = — × — × — × —
Apr 30, 2016 — = — × — × — × —

Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).

The primary reason for the decrease in return on assets ratio (ROA) over Q3 2023 is the decrease in efficiency measured by asset turnover ratio.

Disaggregation of Net Profit Margin

Best Buy Co. Inc., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Oct 29, 2022 3.23% = 0.79 × 0.99 × 4.18%
Jul 30, 2022 3.60% = 0.78 × 0.99 × 4.68%
Apr 30, 2022 4.33% = 0.81 × 0.99 × 5.39%
Jan 29, 2022 4.74% = 0.81 × 0.99 × 5.90%
Oct 30, 2021 5.05% = 0.81 × 0.99 × 6.31%
Jul 31, 2021 4.85% = 0.80 × 0.99 × 6.11%
May 1, 2021 4.44% = 0.76 × 0.99 × 5.89%
Jan 30, 2021 3.80% = 0.76 × 0.98 × 5.14%
Oct 31, 2020 3.79% = 0.75 × 0.98 × 5.18%
Aug 1, 2020 3.75% = 0.76 × 0.97 × 5.06%
May 2, 2020 3.33% = 0.76 × 0.97 × 4.51%
Feb 1, 2020 3.53% = 0.77 × 0.97 × 4.71%
Nov 2, 2019 3.54% = 0.77 × 0.97 × 4.78%
Aug 3, 2019 3.52% = 0.78 × 0.97 × 4.66%
May 4, 2019 3.54% = 0.78 × 0.96 × 4.74%
Feb 2, 2019 3.41% = 0.78 × 0.96 × 4.57%
Nov 3, 2018 2.52% = 0.61 × 0.96 × 4.28%
Aug 4, 2018 2.44% = 0.59 × 0.96 × 4.35%
May 5, 2018 2.39% = 0.57 × 0.96 × 4.35%
Feb 3, 2018 2.37% = 0.55 × 0.96 × 4.49%
Oct 28, 2017 3.09% = 0.68 × 0.96 × 4.70%
Jul 29, 2017 3.00% = 0.67 × 0.96 × 4.64%
Apr 29, 2017 3.01% = 0.67 × 0.96 × 4.65%
Jan 28, 2017 3.12% = 0.67 × 0.96 × 4.84%
Oct 29, 2016 — = — × — × —
Jul 30, 2016 — = — × — × —
Apr 30, 2016 — = — × — × —

Based on: 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-K (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-Q (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30).

The primary reason for the decrease in net profit margin ratio over Q3 2023 is the decrease in operating profitability measured by EBIT margin ratio.