Becton Dickinson and Company (BDX)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	1,011,000	1,186,000	2,240,000	2,258,000	2,315,000	2,588,000	2,711,000	2,723,000	2,716,000	3,089,000	4,694,000	5,780,000	6,800,000	7,577,000	7,637,000	8,052,000	8,292,000	8,288,000	8,116,000	8,059,000
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
Gross profit margin		5.19%	6.12%	11.76%	12.00%	12.35%	13.71%	14.30%	14.39%	14.23%	15.70%	23.93%	30.65%	37.35%	44.27%	45.14%	46.24%	47.78%	47.94%	47.44%	47.31%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,011,000K ÷ $19,492,000K
= 5.19%

The gross profit margin of Becton Dickinson & Co. has shown a declining trend over the past few quarters, dropping from 45.81% in Q2 2022 to 41.37% in Q1 2024. This could indicate increasing costs of goods sold relative to sales revenue or difficulties in maintaining pricing power. Despite the fluctuations, the company has generally maintained a gross profit margin above 40%, which is a positive sign of effective cost management and pricing strategies. Further analysis of the company's cost structure and pricing strategies may provide insights into the factors driving the changes in the gross profit margin.