Return on Equity (ROE)
since 2005
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Calculation
Best Buy Co. Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net earnings (loss)1 | ÷ | Total Best Buy Co., Inc. shareholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Jan 29, 2022 | = | 100 | × | ÷ | |||
| Jan 30, 2021 | = | 100 | × | ÷ | |||
| Feb 1, 2020 | = | 100 | × | ÷ | |||
| Feb 2, 2019 | = | 100 | × | ÷ | |||
| Feb 3, 2018 | = | 100 | × | ÷ | |||
| Jan 28, 2017 | = | 100 | × | ÷ | |||
| Jan 30, 2016 | = | 100 | × | ÷ | |||
| Jan 31, 2015 | = | 100 | × | ÷ | |||
| Feb 1, 2014 | = | 100 | × | ÷ | |||
| Feb 2, 2013 | = | 100 | × | ÷ | |||
| Mar 3, 2012 | = | 100 | × | ÷ | |||
| Feb 26, 2011 | = | 100 | × | ÷ | |||
| Feb 27, 2010 | = | 100 | × | ÷ | |||
| Feb 28, 2009 | = | 100 | × | ÷ | |||
| Mar 1, 2008 | = | 100 | × | ÷ | |||
| Mar 3, 2007 | = | 100 | × | ÷ | |||
| Feb 25, 2006 | = | 100 | × | ÷ | |||
| Feb 26, 2005 | = | 100 | × | ÷ |
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), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
1 US$ in millions
The analysis of the financial data reveals several notable trends in profitability, equity, and return on equity (ROE) over the examined periods.
- Net Earnings (Loss)
- Net earnings generally showed an upward trend from 2005 to 2008, increasing from 984 million US dollars in 2005 to 1407 million in 2008. However, a sharp decline occurred in 2012, where net earnings registered a significant loss of 1231 million US dollars. Following this loss, earnings remained negative in 2013 but then returned to positive territory from 2014 onwards, showing a recovery and consistent growth until 2022. By 2022, net earnings reached a peak of 2454 million US dollars, the highest in the provided period.
- Total Shareholders’ Equity
- Total shareholders’ equity experienced fluctuations without a clear upward or downward trend. It peaked initially at 6602 million dollars in 2011, then decreased significantly to 3745 million in 2012, coinciding with the period of net loss. A similar declining pattern continued until 2019, when the equity dropped to 3306 million. The equity showed some recovery toward 2021 (4587 million), but then declined again to 3020 million in 2022. This volatility in equity suggests periods of financial strain or capital adjustments.
- Return on Equity (ROE)
- ROE displayed strong performance from 2005 to 2008, maintaining levels above 20%, peaking at over 31% in 2008. However, in 2012, ROE dramatically turned negative, reflecting the large net loss that year with a figure of -32.87%. It remained negative in 2013 before rebounding strongly in the following years. From 2014 onward, ROE values not only recovered but improved substantially, reaching an unusually high 81.26% by 2022. This significant increase signals enhanced profitability relative to shareholders’ equity during the latter years, despite the observed decline in equity base.
Overall, the data depict a company that faced a major financial setback around 2012 with large net losses and negative ROE, alongside a declining equity base. Recovery efforts after 2013 led to consistent growth in net earnings and markedly improved returns on equity, although the shareholders’ equity showed volatility and a general decline toward the end of the period. The exceptional ROE in the most recent years highlights improved operational profitability or possibly efficient capital management despite the shrinking equity base.
Comparison to Competitors
Best Buy Co. Inc., ROE, long-term trends, comparison to competitors
| Best Buy Co. Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Jan 29, 2022 | |||||
| Jan 30, 2021 | |||||
| Feb 1, 2020 | |||||
| Feb 2, 2019 | |||||
| Feb 3, 2018 | |||||
| Jan 28, 2017 | |||||
| Jan 30, 2016 | |||||
| Jan 31, 2015 | |||||
| Feb 1, 2014 | |||||
| Feb 2, 2013 | |||||
| Mar 3, 2012 | |||||
| Feb 26, 2011 | |||||
| Feb 27, 2010 | |||||
| Feb 28, 2009 | |||||
| Mar 1, 2008 | |||||
| Mar 3, 2007 | |||||
| Feb 25, 2006 | |||||
| Feb 26, 2005 |
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), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Best Buy Co. Inc., ROE, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Best Buy Co. Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 29, 2022 | ||
| Jan 30, 2021 | ||
| Feb 1, 2020 | ||
| Feb 2, 2019 | ||
| Feb 3, 2018 | ||
| Jan 28, 2017 | ||
| Jan 30, 2016 | ||
| Jan 31, 2015 | ||
| Feb 1, 2014 | ||
| Feb 2, 2013 | ||
| Mar 3, 2012 | ||
| Feb 26, 2011 | ||
| Feb 27, 2010 | ||
| Feb 28, 2009 | ||
| Mar 1, 2008 | ||
| Mar 3, 2007 | ||
| Feb 25, 2006 | ||
| Feb 26, 2005 |
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), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Industry (Consumer Discretionary)
Best Buy Co. Inc., ROE, long-term trends, comparison to industry (consumer discretionary)
| Best Buy Co. Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 29, 2022 | ||
| Jan 30, 2021 | ||
| Feb 1, 2020 | ||
| Feb 2, 2019 | ||
| Feb 3, 2018 | ||
| Jan 28, 2017 | ||
| Jan 30, 2016 | ||
| Jan 31, 2015 | ||
| Feb 1, 2014 | ||
| Feb 2, 2013 | ||
| Mar 3, 2012 | ||
| Feb 26, 2011 | ||
| Feb 27, 2010 | ||
| Feb 28, 2009 | ||
| Mar 1, 2008 | ||
| Mar 3, 2007 | ||
| Feb 25, 2006 | ||
| Feb 26, 2005 |
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), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).