Becton Dickinson and Company (BDX)

Total asset turnover

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	20,178,000	19,828,000	19,716,000	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
Total assets	US$ in thousands	57,286,000	55,582,000	54,157,000	52,274,000	52,780,000	53,017,000	54,394,000	53,129,000	52,934,000	53,199,000	54,786,000	53,363,000	53,866,000	54,333,000	54,921,000	54,748,000	54,012,000	53,959,000	53,516,000	51,952,000
Total asset turnover		0.35	0.36	0.36	0.37	0.37	0.36	0.35	0.35	0.36	0.36	0.35	0.36	0.37	0.36	0.34	0.33	0.32	0.31	0.33	0.33

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $20,178,000K ÷ $57,286,000K
= 0.35

The total asset turnover ratio of Becton Dickinson and Company has been relatively stable over the past several quarters, ranging between 0.31 and 0.37. This indicates that the company is generating sales revenue in relation to its total assets at a consistent pace. A total asset turnover ratio of less than 1 suggests that the company is not overutilizing its assets to generate revenue, which could indicate efficient asset management. However, it's also important to note that the ratio has been relatively low, indicating that there may be room for improvement in maximizing the utilization of the company's assets to generate revenue. Monitoring this ratio over time can provide insights into the company's operational efficiency and effectiveness in asset utilization.