Becton Dickinson and Company (BDX)
Total 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 |
Total assets | US$ in thousands | 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 | 51,765,000 | 52,233,000 | 52,598,000 |
Total asset turnover | 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 | 0.33 | 0.33 | 0.32 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,492,000K ÷ $52,274,000K
= 0.37
Becton Dickinson & Co.'s total asset turnover has remained relatively stable over the past eight quarters, ranging between 0.34 and 0.37. This ratio indicates that, on average, the company generates between $0.34 and $0.37 in revenue for every dollar of total assets held during the respective quarters.
A total asset turnover ratio of below 1 typically suggests that the company is not efficiently utilizing its assets to generate sales. In this case, Becton Dickinson & Co. has consistently shown a total asset turnover below 1, indicating the company may have excess assets in relation to its revenue generation.
It is important for investors and stakeholders to monitor this ratio over time to assess the company's operational efficiency and asset management. Fluctuations or trends in the total asset turnover ratio can provide insights into the company's financial health and performance in utilizing its assets effectively.
Peer comparison
Dec 31, 2023
See also:
Becton Dickinson and Company Total Asset Turnover (Quarterly Data)