Best Buy Co (BSP:BBYY34) Tax Rate % : 21.23% (As of Jan. 2024)

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What is Best Buy Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Best Buy Co's Tax Expense for the three months ended in Jan. 2024 was R$610 Mil. Best Buy Co's Pre-Tax Income for the three months ended in Jan. 2024 was R$2,872 Mil. Therefore, Best Buy Co's Tax Rate % for the quarter that ended in Jan. 2024 was 21.23%.

Best Buy Co Tax Rate % Historical Data

The historical data trend for Best Buy Co's Tax Rate % 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 Tax Rate % Chart

Best Buy Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Tax Rate %

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22.68

24.36

18.98

20.69

23.50

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
Tax Rate %	Get a 7-Day Free Trial															19.31	23.44	26.02	24.71	21.23

Best Buy Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Best Buy Co's Tax Rate % for the fiscal year that ended in Jan. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Jan. 2024 )	/	Pre-Tax Income (A: Jan. 2024 )
	=	1873.834	/	7972.402
	=	23.50 %

Best Buy Co's Tax Rate % for the quarter that ended in Jan. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Jan. 2024 )	/	Pre-Tax Income (Q: Jan. 2024 )
	=	609.857	/	2872.229
	=	21.23 %

Best Buy Co Tax Rate % Related Terms

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Best Buy Co (BSP:BBYY34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best Buy Co Inc (BSP:BBYY34) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

BBY:USA BBY:Mexico BUY:Germany

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.

Best Buy Co (BSP:BBYY34) Headlines

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