Best Buy Co. Inc (BBY)
Return on equity (ROE)
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 927,000 | 1,241,000 | 1,419,000 | 2,454,000 | 1,798,000 |
| Total stockholders’ equity | US$ in thousands | 2,808,000 | 3,053,000 | 2,795,000 | 3,020,000 | 4,587,000 |
| ROE | 33.01% | 40.65% | 50.77% | 81.26% | 39.20% |
February 1, 2025 calculation
ROE = Net income ÷ Total stockholders’ equity
= $927,000K ÷ $2,808,000K
= 33.01%
Best Buy Co. Inc's return on equity (ROE) has demonstrated fluctuations over the past five years. Starting at 39.20% on January 30, 2021, the ROE improved significantly to 81.26% on January 29, 2022. Subsequently, there was a decrease to 50.77% on January 28, 2023, followed by a further decline to 40.65% on February 3, 2024. The latest reported ROE figure stands at 33.01% as of February 1, 2025. Despite the variability in performance, Best Buy Co. Inc has maintained relatively healthy ROE figures throughout the period, indicating the company's ability to generate profits from shareholders' equity. The downward trend in recent years may warrant further investigation to assess the factors influencing the ROE fluctuations.