Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Best Buy Co's annualized net income for the quarter that ended in Jan. 2024 was R$9,049 Mil. Best Buy Co's average shareholder tangible equity for the quarter that ended in Jan. 2024 was R$7,383 Mil. Therefore, Best Buy Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2024 was 122.57%.
The historical rank and industry rank for Best Buy Co's Return-on-Tangible-Equity or its related term are showing as below:
BSP:BBYY34'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 21.24 Med: 61.11 Max: 105.3
Current: 89.63
During the past 13 years, Best Buy Co's highest Return-on-Tangible-Equity was 105.30%. The lowest was 21.24%. And the median was 61.11%.
BSP:BBYY34's Return-on-Tangible-Equity is ranked better than 91.99% of 1049
companies
in the Retail - Cyclical industry
Industry Median: 7.48
vs BSP:BBYY34: 89.63
Best Buy Co Return-on-Tangible-Equity Historical Data
The historical data trend for Best Buy Co's Return-on-Tangible-Equity 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.
Competitive Comparison of Best Buy Co's Return-on-Tangible-Equity
For the Specialty Retail subindustry, Best Buy Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Best Buy Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Best Buy Co's Return-on-Tangible-Equity falls into.
Best Buy Co Return-on-Tangible-Equity Calculation
Best Buy Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jan. 2024 is calculated as
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jan. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Best Buy Co (BSP:BBYY34) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Best Buy Co Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Best Buy Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BSP:BBYY34 has been successfully added to your 