Best Buy Co. Inc (BBY)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,574,000 | 1,610,000 | 1,621,000 | 1,644,000 | 1,795,000 | 2,001,000 | 2,306,000 | 2,732,000 | 3,039,000 | 3,269,000 | 3,160,000 | 2,931,000 | 2,391,000 | 2,325,000 | 2,159,000 | 1,904,000 | 2,009,000 | 2,020,000 | 1,947,000 | 1,969,000 |
| 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 |
| Operating profit margin | 3.62% | 3.70% | 3.65% | 3.64% | 3.88% | 4.18% | 4.68% | 5.38% | 5.87% | 6.25% | 6.04% | 5.82% | 5.06% | 5.11% | 4.97% | 4.42% | 4.60% | 4.67% | 4.52% | 4.59% |
February 3, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,574,000K ÷ $43,452,000K
= 3.62%
The operating profit margin of Best Buy Co. Inc has experienced fluctuations over the past few quarters. It peaked at 6.25% in Jan 29, 2022, and has since shown a downward trend, reaching 3.62% in Feb 3, 2024. This indicates a decrease in the percentage of revenue that translates to operating profit.
The company witnessed a significant decline in operating profit margin between Apr 30, 2022, and Jul 30, 2022, from 5.38% to 4.68%. However, there was a slight recovery in the subsequent quarter, with the margin increasing to 4.88% on Oct 29, 2022.
Despite these fluctuations, it is worth noting that the operating profit margins have been generally within a range of 3.62% to 6.25% over the analyzed period. Best Buy Co. Inc may need to focus on optimizing its operational efficiencies to improve its profitability in the future.