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.