Analysis of Geographic Areas
Best Buy Co. Inc. operates in 3 regions: U.S.; Canada; and Other.
Area Asset Turnover
Best Buy Co. Inc., asset turnover by geographic area
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| U.S. | 22.48 | 20.28 | 18.66 | 16.93 | 17.53 | 17.10 |
| Canada | 32.59 | 29.51 | 22.32 | 19.96 | 16.77 | 18.58 |
| Other | 10.00 | 123.00 | 10.50 | 12.89 | 11.62 | 15.06 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Canada | Canada area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. | |
| Other | Other area asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Area Asset Turnover: U.S.
Best Buy Co. Inc.; U.S.; area asset turnover calculation
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue from external customers | 47,830) | 43,293) | 40,114) | 39,304) | 38,662) | 36,248) |
| Property and equipment, net | 2,128) | 2,135) | 2,150) | 2,321) | 2,205) | 2,120) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 22.48 | 20.28 | 18.66 | 16.93 | 17.53 | 17.10 |
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
Area asset turnover = Revenue from external customers ÷ Property and equipment, net
= 47,830 ÷ 2,128 = 22.48
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: Canada
Best Buy Co. Inc.; Canada; area asset turnover calculation
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue from external customers | 3,911) | 3,600) | 3,125) | 3,214) | 3,187) | 2,899) |
| Property and equipment, net | 120) | 122) | 140) | 161) | 190) | 156) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 32.59 | 29.51 | 22.32 | 19.96 | 16.77 | 18.58 |
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
Area asset turnover = Revenue from external customers ÷ Property and equipment, net
= 3,911 ÷ 120 = 32.59
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Canada | Canada area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: Other
Best Buy Co. Inc.; Other; area asset turnover calculation
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenue from external customers | 20) | 369) | 399) | 361) | 302) | 256) |
| Property and equipment, net | 2) | 3) | 38) | 28) | 26) | 17) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 10.00 | 123.00 | 10.50 | 12.89 | 11.62 | 15.06 |
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
Area asset turnover = Revenue from external customers ÷ Property and equipment, net
= 20 ÷ 2 = 10.00
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other | Other area asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Revenue from external customers
Best Buy Co. Inc., revenue from external customers by geographic area
US$ in millions
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| U.S. | 47,830) | 43,293) | 40,114) | 39,304) | 38,662) | 36,248) |
| Canada | 3,911) | 3,600) | 3,125) | 3,214) | 3,187) | 2,899) |
| Other | 20) | 369) | 399) | 361) | 302) | 256) |
| Total | 51,761) | 47,262) | 43,638) | 42,879) | 42,151) | 39,403) |
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).
Property and equipment, net
Best Buy Co. Inc., property and equipment, net by geographic area
US$ in millions
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| U.S. | 2,128) | 2,135) | 2,150) | 2,321) | 2,205) | 2,120) |
| Canada | 120) | 122) | 140) | 161) | 190) | 156) |
| Other | 2) | 3) | 38) | 28) | 26) | 17) |
| Total | 2,250) | 2,260) | 2,328) | 2,510) | 2,421) | 2,293) |
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).