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)