AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Best Buy's recent earnings report showed soft profit numbers, but the company's conservative accounting practices may explain this. The accrual ratio, which measures a company's conversion of reported profits into free cash flow, was negative at -0.28, indicating strong cash conversion. Unusual items worth $882m reduced Best Buy's profit, but this helped to improve its cash flow.

Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet