Becton Dickinson and Company (BDX)

Fixed asset turnover

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Revenue (ttm) US$ in thousands 19,492,000 19,372,000 19,046,000 18,809,000 18,738,000 18,870,000 18,958,000 18,924,000 19,081,000 19,678,000 19,613,000 18,861,000 18,207,000 17,117,000 16,917,000 17,412,000 17,354,000 17,289,000 17,107,000 17,035,000
Property, plant and equipment US$ in thousands 6,647,000 6,557,000 6,474,000 6,356,000 6,247,000 6,012,000 6,005,000 6,406,000 6,384,000 6,003,000 6,164,000 6,142,000 6,096,000 5,923,000 5,841,000 5,664,000 5,782,000 5,659,000 5,550,000 5,473,000
Fixed asset turnover 2.93 2.95 2.94 2.96 3.00 3.14 3.16 2.95 2.99 3.28 3.18 3.07 2.99 2.89 2.90 3.07 3.00 3.06 3.08 3.11

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $19,492,000K ÷ $6,647,000K
= 2.93

The fixed asset turnover of Becton Dickinson & Co. has been relatively stable over the past several quarters, ranging from 2.86 to 3.29. This ratio indicates that, on average, the company generates approximately $2.86 to $3.29 in sales for every dollar invested in fixed assets during the respective periods.

A higher fixed asset turnover ratio generally indicates that the company is effectively utilizing its fixed assets to generate revenue. Becton Dickinson & Co. has consistently shown efficient utilization of its fixed assets, as reflected in the relatively high turnover ratios.

Overall, the trend in the fixed asset turnover ratio for Becton Dickinson & Co. suggests a consistent and efficient operational performance in effectively leveraging its fixed assets to drive sales.


Peer comparison

Dec 31, 2023


See also:

Becton Dickinson and Company Net Fixed Asset Turnover (Quarterly Data)