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.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Best Buy Co. Inc., adjusted financial ratios

Microsoft Excel
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

Adjusted Total Asset Turnover

Microsoft Excel
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

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.

Adjusted Current Ratio

Microsoft Excel
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

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.

Adjusted Debt to Equity

Microsoft Excel
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

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.

Adjusted Debt to Capital

Microsoft Excel
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

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.

Adjusted Financial Leverage

Microsoft Excel
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

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.

Adjusted Net Profit Margin

Microsoft Excel
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%

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.

Adjusted Return on Equity (ROE)

Microsoft Excel
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%

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.

Adjusted Return on Assets (ROA)

Microsoft Excel
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%

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.