Best Buy Co. Inc (BBY)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,241,000 | 1,276,000 | 1,290,000 | 1,322,000 | 1,419,000 | 1,550,000 | 1,772,000 | 2,200,000 | 2,454,000 | 2,644,000 | 2,536,000 | 2,234,000 | 1,798,000 | 1,727,000 | 1,629,000 | 1,435,000 | 1,541,000 | 1,531,000 | 1,515,000 | 1,521,000 |
| 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 |
| ROA | 8.29% | 7.56% | 8.42% | 9.00% | 8.98% | 9.11% | 11.49% | 14.43% | 14.02% | 13.15% | 13.65% | 12.62% | 9.43% | 8.15% | 9.36% | 9.20% | 9.88% | 9.05% | 10.11% | 10.45% |
February 3, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,241,000K ÷ $14,967,000K
= 8.29%
Best Buy Co. Inc's return on assets (ROA) has shown some fluctuations over the observed periods. The ROA ranged from a low of 7.56% in October 2023 to a peak of 14.43% in April 2022. Overall, the ROA for Best Buy Co. Inc has generally been above 8% in recent periods, indicating that the company has been able to generate profit from its assets consistently.
The highest ROA observed in this dataset was 14.43% in April 2022, suggesting that the company was highly efficient in generating profit relative to its total assets during that period. However, the ROA has since moderated to around 8-9% levels in the most recent periods.
Despite some fluctuations, the company's ROA has generally remained at healthy levels above 8%, reflecting its ability to effectively manage its assets to generate earnings. Investors and stakeholders may find Best Buy Co. Inc's consistent ROA performance as a positive indicator of the company's operational efficiency and profitability relative to its asset base.