Becton Dickinson and Company (BDX)
Inventory turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 17,803,000 | 18,278,000 | 16,655,000 | 17,091,000 | 8,497,000 |
| Inventory | US$ in thousands | 3,843,000 | 3,273,000 | 3,224,000 | 2,743,000 | 2,743,000 |
| Inventory turnover | 4.63 | 5.58 | 5.17 | 6.23 | 3.10 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $17,803,000K ÷ $3,843,000K
= 4.63
The inventory turnover ratios for Becton Dickinson and Company over the past five years have shown some fluctuations. The trend indicates that the company's efficiency in managing its inventory has varied over time.
In 2024, the inventory turnover ratio was 4.63, a decrease from the previous year's 5.58. This suggests that Becton Dickinson and Company took longer to sell its inventory in 2024 compared to 2023.
In 2023 and 2022, the inventory turnover ratios were 5.58 and 5.17, respectively, indicating a relatively stable turnover rate during these years.
The highest inventory turnover ratio was observed in 2021 at 6.23, signaling that the company efficiently converted its inventory into sales during that period.
However, in 2020, the inventory turnover ratio was lower at 3.10, reflecting a decrease in the efficiency of inventory management compared to the other years.
Overall, the inventory turnover ratio for Becton Dickinson and Company has shown variability over the past five years, with some years indicating better efficiency in managing inventory turnover than others. Monitoring this ratio closely can provide insights into the company's operational efficiency and effectiveness in selling its inventory.
Peer comparison
Sep 30, 2024