Becton Dickinson and Company (BDX)
Total asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 19,372,000 | 18,870,000 | 19,131,000 | 16,074,000 | 17,290,000 |
| Total assets | US$ in thousands | 52,780,000 | 52,934,000 | 53,866,000 | 54,012,000 | 51,765,000 |
| Total asset turnover | 0.37 | 0.36 | 0.36 | 0.30 | 0.33 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $19,372,000K ÷ $52,780,000K
= 0.37
The total asset turnover of Becton Dickinson & Co. has remained relatively stable over the past five years, ranging from 0.32 to 0.38. This metric indicates the company's ability to generate sales in relation to its total assets. A higher total asset turnover reflects more efficient utilization of assets to generate revenue. Becton Dickinson's total asset turnover has been around 0.36 to 0.38 in recent years, suggesting consistent efficiency in generating sales from its asset base. However, the slight decrease to 0.37 in 2023 may indicate a marginal decrease in asset utilization efficiency compared to the previous year. Further analysis of the company's operational and financial performance is required to fully understand the implications of these changes in total asset turnover.
Peer comparison
Sep 30, 2023