Becton Dickinson and Company (BDX)

Payables 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
Cost of revenue (ttm)	US$ in thousands	18,481,000	18,186,000	16,806,000	16,551,000	16,684,000	16,820,000	17,071,000	17,308,000	17,211,000	17,158,000	15,202,000	13,081,000	11,407,000	9,540,000	9,280,000	9,360,000	9,062,000	9,001,000	8,991,000	8,976,000
Payables	US$ in thousands	—	1,641,000	—	—	—	1,699,000	—	—	—	1,739,000	—	—	—	1,355,000	—	—	—	1,092,000	—	—
Payables turnover		—	11.08	—	—	—	9.90	—	—	—	9.87	—	—	—	7.04	—	—	—	8.24	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $18,481,000K ÷ $—K
= —

Based on the available data provided, Becton Dickinson & Co. has shown a payables turnover of 6.83 for Q4 2023 and 6.12 for Q4 2022. The payables turnover ratio indicates how efficiently a company is managing its payments to suppliers.

A higher payables turnover ratio suggests that the company is paying its suppliers more frequently within the period, which may indicate good liquidity but could also potentially strain relationships with suppliers. Conversely, a lower ratio may imply that the company is taking longer to pay its suppliers, potentially indicating cash flow or liquidity issues.

Unfortunately, without data for the other quarters, we are unable to determine the trend or make a conclusive analysis of Becton Dickinson & Co.'s payables turnover efficiency. It would be beneficial to monitor future periods to identify any significant changes or patterns in the ratio.