Best Buy Co (XSWX:BBY) Gross-Profit-to-Asset % : 73.37% (As of Jan. 2024)

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What is Best Buy Co Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Best Buy Co's annualized Gross Profit for the quarter that ended in Jan. 2024 was CHF10,313 Mil. Best Buy Co's average Total Assets over the quarter that ended in Jan. 2024 was CHF14,056 Mil. Therefore, Best Buy Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 was 73.37%.

Best Buy Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Best Buy Co's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Best Buy Co Gross-Profit-to-Asset % Chart

Best Buy Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Gross-Profit-to-Asset %

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69.88

58.54

64.86

59.69

60.08

Best Buy Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															68.92	55.59	58.33	56.38	73.37

Competitive Comparison of Best Buy Co's Gross-Profit-to-Asset %

For the Specialty Retail subindustry, Best Buy Co's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Best Buy Co's Gross-Profit-to-Asset % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Best Buy Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Best Buy Co's Gross-Profit-to-Asset % falls into.

Best Buy Co Gross-Profit-to-Asset % Calculation

Best Buy Co's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jan. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jan. 2024 )	/	( (Total Assets (A: Jan. 2023 )	+	Total Assets (A: Jan. 2024 ))	/ count )
	=	8249.937	/	( (14603.552	+	12858.15)	/ 2 )
	=	8249.937	/	13730.851
	=	60.08 %

Best Buy Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	10312.636	/	( (15252.887	+	12858.15)	/ 2 )
	=	10312.636	/	14055.5185
	=	73.37 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Jan. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Best Buy Co Gross-Profit-to-Asset % Related Terms

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Best Buy Co (XSWX:BBY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best Buy Co Inc (XSWX:BBY) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

BBY:USA BBY:Mexico BUY:Germany BBYY34:Brazil

Address

7601 Penn Avenue South, Richfield, MN, USA, 55423

Website

https://www.investors.bestbuy.com

With $46.3 billion in consolidated fiscal 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.5% share of the U.S. market and north of 35% share of offline sales, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.