Best Buy Co. Inc (BBY)
Gross profit margin
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 9,603,000 | 9,542,000 | 9,642,000 | 9,709,000 | 9,912,000 | 10,285,000 | 10,755,000 | 11,278,000 | 11,640,000 | 11,870,000 | 11,863,000 | 11,323,000 | 10,573,000 | 10,265,000 | 9,831,000 | 9,844,000 | 10,048,000 | 10,096,000 | 10,059,000 | 10,005,000 |
| Revenue (ttm) | US$ in thousands | 43,452,000 | 43,541,000 | 44,372,000 | 45,118,000 | 46,298,000 | 47,928,000 | 49,251,000 | 50,771,000 | 51,761,000 | 52,333,000 | 52,276,000 | 50,337,000 | 47,262,000 | 45,521,000 | 43,432,000 | 43,058,000 | 43,638,000 | 43,243,000 | 43,069,000 | 42,912,000 |
| Gross profit margin | 22.10% | 21.91% | 21.73% | 21.52% | 21.41% | 21.46% | 21.84% | 22.21% | 22.49% | 22.68% | 22.69% | 22.49% | 22.37% | 22.55% | 22.64% | 22.86% | 23.03% | 23.35% | 23.36% | 23.32% |
February 3, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,603,000K ÷ $43,452,000K
= 22.10%
The gross profit margin of Best Buy Co. Inc has shown a relatively stable trend over the past 20 quarters, fluctuating within a narrow range between 21.41% to 23.36%. The company managed to maintain a consistent level of gross profit margin, with the highest margin recorded at 23.36% in November 2019 and the lowest at 21.41% in January 2023. Overall, the average gross profit margin hovers around 22%, suggesting that Best Buy has effectively managed its cost of goods sold relative to its revenue generation during the period under review. This indicates the company's ability to efficiently convert sales into profits after accounting for direct production costs, reflecting its operational efficiency and competitive positioning within the industry.