Best Buy Co. Inc (BBY)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 927,000 | 1,270,000 | 1,260,000 | 1,243,000 | 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 |
| 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 |
| ROA | 6.27% | 7.46% | 8.06% | 8.43% | 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% |
February 1, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $927,000K ÷ $14,782,000K
= 6.27%
Best Buy Co. Inc's return on assets (ROA) has shown fluctuations over the past few years. The ROA was relatively stable around the 9-10% range from May 2020 to October 2021. Subsequently, there was a noticeable increase in ROA from May 2021 to July 2022, reaching levels above 13%.
However, there was a decline in ROA starting from October 2022, with figures dropping below 10% by February 2025. This downward trend could indicate challenges in effectively utilizing the company's assets to generate profits during this period.
Overall, Best Buy Co. Inc's ROA performance has showcased variability, with periods of significant growth followed by decreases. It would be important for stakeholders to monitor the company's asset management strategies closely to ensure sustained profitability in the future.