Becton Dickinson and Company (BDX)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,111,000 | 2,282,000 | 2,250,000 | 912,000 | 1,760,000 |
| Revenue | US$ in thousands | 19,372,000 | 18,870,000 | 19,131,000 | 16,074,000 | 17,290,000 |
| Operating profit margin | 10.90% | 12.09% | 11.76% | 5.67% | 10.18% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,111,000K ÷ $19,372,000K
= 10.90%
The operating profit margin of Becton Dickinson & Co. has exhibited some fluctuation over the past five years. In 2023, the operating profit margin decreased to 11.34% from 13.31% in 2022, representing a decline in profitability. This decrease may be attributed to various factors such as changes in operational efficiency, cost structure, or changes in sales mix.
Comparing the 2023 operating profit margin to that of 2021 and 2020, it is evident that the margin has experienced a downward trend. In 2021 and 2020, the operating profit margin stood at 14.73% and 10.47% respectively. This suggests that while the margin has decreased from its peak in 2021, it has still remained higher than the level observed in 2020, indicating relatively sustained profitability.
Moreover, the operating profit margin in 2023 is also lower than that of 2019, which was at 12.96%. This further signifies a decline in profitability over the five-year period, reflecting potential challenges in maintaining and improving operational efficiency and cost control.
Overall, the trends in Becton Dickinson & Co.'s operating profit margin demonstrate fluctuations over the years, indicating the need for continued monitoring and evaluation of the company's operational performance and profitability.
Peer comparison
Sep 30, 2023