Best Buy Co. Inc (BBY)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 14,967,000 | 16,882,000 | 15,318,000 | 14,688,000 | 15,803,000 | 17,021,000 | 15,419,000 | 15,251,000 | 17,504,000 | 20,102,000 | 18,579,000 | 17,705,000 | 19,067,000 | 21,202,000 | 17,412,000 | 15,605,000 | 15,591,000 | 16,926,000 | 14,978,000 | 14,550,000 |
| Operating ROA | 10.52% | 9.54% | 10.58% | 11.19% | 11.36% | 11.76% | 14.96% | 17.91% | 17.36% | 16.26% | 17.01% | 16.55% | 12.54% | 10.97% | 12.40% | 12.20% | 12.89% | 11.93% | 13.00% | 13.53% |
February 3, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,574,000K ÷ $14,967,000K
= 10.52%
From the provided data on Best Buy Co. Inc's operating return on assets (operating ROA) over the past 20 quarters, we can observe some fluctuations in the ratio.
The operating ROA has ranged from a low of 9.54% to a high of 17.91% during this period. The average operating ROA seems to be relatively stable, with only slight variations quarter to quarter. On average, it stands at around 12-13%.
The trend shows a general stability in operating ROA, with occasional peaks and valleys. The highest operating ROA was recorded in the third quarter of fiscal year 2022 at 17.91%, while the lowest was in the first quarter of fiscal year 2021 at 9.54%.
Overall, Best Buy Co. Inc's operating ROA has shown a positive performance over the past 20 quarters, indicating efficient utilization of assets to generate operating profits. Investors and stakeholders can use this metric to assess the company's operational efficiency and profitability over time.