Best Buy Co. Inc (BBY)
Operating return on assets (Operating ROA)
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,262,000 | 1,606,000 | 1,610,000 | 1,575,000 | 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 |
| Total assets | US$ in thousands | 14,782,000 | 17,018,000 | 15,624,000 | 14,752,000 | 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 |
| Operating ROA | 8.54% | 9.44% | 10.30% | 10.68% | 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% |
February 1, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,262,000K ÷ $14,782,000K
= 8.54%
The operating return on assets (operating ROA) for Best Buy Co. Inc has displayed some fluctuations over the periods presented. Starting at 12.20% on May 2, 2020, the operating ROA increased slightly to 12.40% by August 1, 2020. Subsequently, there was a dip to 10.97% on October 31, 2020, followed by a recovery to 12.54% on January 30, 2021.
The most significant improvement in operating ROA was observed between May 1, 2021, and July 31, 2021, where it increased from 16.55% to 17.01%. This positive trend continued to October 30, 2021, reaching 16.26%. In the subsequent quarters, the operating ROA experienced fluctuations but generally remained above 10%.
However, there was a notable decline in operating ROA from the high of 17.91% on April 30, 2022, to 9.54% on October 28, 2023. This downward trend continued, with operating ROA further decreasing to 8.54% by February 1, 2025.
Overall, Best Buy's operating ROA performance reflects periods of improvement and decline, suggesting varying levels of efficiency in generating profits from its assets. Further analysis of the company's operational efficiency and asset management strategies may be warranted to understand the factors driving these fluctuations in operating ROA.