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)