Analysis of Reportable Segments
Best Buy Co. Inc. operates in 2 segments: Domestic and International.
Segment Profit Margin
Best Buy Co. Inc., profit margin by reportable segment
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| Domestic | 5.84% | 5.42% | 4.75% | 4.57% | 4.53% | 4.87% |
| International | 6.21% | 1.08% | 2.89% | 2.88% | 2.61% | 2.85% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Domestic | Domestic segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
| International | International segment profit margin ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Segment Profit Margin: Domestic
Best Buy Co. Inc.; Domestic; segment profit margin 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) | ||||||
| Operating income | 2,795) | 2,348) | 1,907) | 1,797) | 1,752) | 1,764) |
| Revenue | 47,830) | 43,293) | 40,114) | 39,304) | 38,662) | 36,248) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 5.84% | 5.42% | 4.75% | 4.57% | 4.53% | 4.87% |
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
Segment profit margin = 100 × Operating income ÷ Revenue
= 100 × 2,795 ÷ 47,830 = 5.84%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Domestic | Domestic segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Segment Profit Margin: International
Best Buy Co. Inc.; International; segment profit margin 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) | ||||||
| Operating income | 244) | 43) | 102) | 103) | 91) | 90) |
| Revenue | 3,931) | 3,969) | 3,524) | 3,575) | 3,489) | 3,155) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 6.21% | 1.08% | 2.89% | 2.88% | 2.61% | 2.85% |
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
Segment profit margin = 100 × Operating income ÷ Revenue
= 100 × 244 ÷ 3,931 = 6.21%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | International | International segment profit margin ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Segment Return on Assets (Segment ROA)
Best Buy Co. Inc., ROA by reportable segment
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| Domestic | 17.45% | 13.32% | 13.39% | 15.09% | 15.16% | 14.12% |
| International | 16.40% | 2.98% | 7.59% | 10.37% | 6.08% | 6.62% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Domestic | Domestic segment ROA deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| International | International segment ROA deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Segment ROA: Domestic
Best Buy Co. Inc.; Domestic; segment ROA 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) | ||||||
| Operating income | 2,795) | 2,348) | 1,907) | 1,797) | 1,752) | 1,764) |
| Assets | 16,016) | 17,625) | 14,247) | 11,908) | 11,553) | 12,496) |
| Segment Profitability Ratio | ||||||
| Segment ROA1 | 17.45% | 13.32% | 13.39% | 15.09% | 15.16% | 14.12% |
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
Segment ROA = 100 × Operating income ÷ Assets
= 100 × 2,795 ÷ 16,016 = 17.45%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Domestic | Domestic segment ROA deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Segment ROA: International
Best Buy Co. Inc.; International; segment ROA 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) | ||||||
| Operating income | 244) | 43) | 102) | 103) | 91) | 90) |
| Assets | 1,488) | 1,442) | 1,344) | 993) | 1,496) | 1,360) |
| Segment Profitability Ratio | ||||||
| Segment ROA1 | 16.40% | 2.98% | 7.59% | 10.37% | 6.08% | 6.62% |
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
Segment ROA = 100 × Operating income ÷ Assets
= 100 × 244 ÷ 1,488 = 16.40%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | International | International segment ROA deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Segment Asset Turnover
Best Buy Co. Inc., asset turnover by reportable segment
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| Domestic | 2.99 | 2.46 | 2.82 | 3.30 | 3.35 | 2.90 |
| International | 2.64 | 2.75 | 2.62 | 3.60 | 2.33 | 2.32 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Domestic | Domestic segment asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| International | International segment asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Segment Asset Turnover: Domestic
Best Buy Co. Inc.; Domestic; segment 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 | 47,830) | 43,293) | 40,114) | 39,304) | 38,662) | 36,248) |
| Assets | 16,016) | 17,625) | 14,247) | 11,908) | 11,553) | 12,496) |
| Segment Activity Ratio | ||||||
| Segment asset turnover1 | 2.99 | 2.46 | 2.82 | 3.30 | 3.35 | 2.90 |
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
Segment asset turnover = Revenue ÷ Assets
= 47,830 ÷ 16,016 = 2.99
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Domestic | Domestic segment asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Segment Asset Turnover: International
Best Buy Co. Inc.; International; segment 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 | 3,931) | 3,969) | 3,524) | 3,575) | 3,489) | 3,155) |
| Assets | 1,488) | 1,442) | 1,344) | 993) | 1,496) | 1,360) |
| Segment Activity Ratio | ||||||
| Segment asset turnover1 | 2.64 | 2.75 | 2.62 | 3.60 | 2.33 | 2.32 |
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
Segment asset turnover = Revenue ÷ Assets
= 3,931 ÷ 1,488 = 2.64
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | International | International segment asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Segment Capital Expenditures to Depreciation
Best Buy Co. Inc., capital expenditures to depreciation by reportable segment
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| Domestic | 0.94 | 0.97 | 1.01 | 1.12 | 0.96 | 0.86 |
| International | 0.94 | 0.60 | 0.88 | 0.82 | 1.58 | 1.37 |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Domestic | Domestic segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
| International | International segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Segment Capital Expenditures to Depreciation: Domestic
Best Buy Co. Inc.; Domestic; segment capital expenditures to depreciation 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) | ||||||
| Capital expenditures | 691) | 680) | 691) | 770) | 606) | 526) |
| Depreciation | 738) | 704) | 681) | 687) | 631) | 613) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 0.94 | 0.97 | 1.01 | 1.12 | 0.96 | 0.86 |
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
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation
= 691 ÷ 738 = 0.94
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Domestic | Domestic segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Segment Capital Expenditures to Depreciation: International
Best Buy Co. Inc.; International; segment capital expenditures to depreciation 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) | ||||||
| Capital expenditures | 46) | 33) | 52) | 49) | 82) | 56) |
| Depreciation | 49) | 55) | 59) | 60) | 52) | 41) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 0.94 | 0.60 | 0.88 | 0.82 | 1.58 | 1.37 |
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
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation
= 46 ÷ 49 = 0.94
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | International | International segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Revenue
Best Buy Co. Inc., revenue by reportable segment
US$ in millions
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| Domestic | 47,830) | 43,293) | 40,114) | 39,304) | 38,662) | 36,248) |
| International | 3,931) | 3,969) | 3,524) | 3,575) | 3,489) | 3,155) |
| 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).
Operating income
Best Buy Co. Inc., operating income by reportable segment
US$ in millions
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| Domestic | 2,795) | 2,348) | 1,907) | 1,797) | 1,752) | 1,764) |
| International | 244) | 43) | 102) | 103) | 91) | 90) |
| Total | 3,039) | 2,391) | 2,009) | 1,900) | 1,843) | 1,854) |
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).
Assets
Best Buy Co. Inc., assets by reportable segment
US$ in millions
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| Domestic | 16,016) | 17,625) | 14,247) | 11,908) | 11,553) | 12,496) |
| International | 1,488) | 1,442) | 1,344) | 993) | 1,496) | 1,360) |
| Total | 17,504) | 19,067) | 15,591) | 12,901) | 13,049) | 13,856) |
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).
Capital expenditures
Best Buy Co. Inc., capital expenditures by reportable segment
US$ in millions
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| Domestic | 691) | 680) | 691) | 770) | 606) | 526) |
| International | 46) | 33) | 52) | 49) | 82) | 56) |
| Total | 737) | 713) | 743) | 819) | 688) | 582) |
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).
Depreciation
Best Buy Co. Inc., depreciation by reportable segment
US$ in millions
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | |
|---|---|---|---|---|---|---|
| Domestic | 738) | 704) | 681) | 687) | 631) | 613) |
| International | 49) | 55) | 59) | 60) | 52) | 41) |
| Total | 787) | 759) | 740) | 747) | 683) | 654) |
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).