Becton Dickinson and Company (BDX)

Operating return on assets (Operating ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Operating income	US$ in thousands	2,397,000	2,111,000	2,282,000	2,250,000	912,000
Total assets	US$ in thousands	57,286,000	52,780,000	52,934,000	53,866,000	54,012,000
Operating ROA		4.18%	4.00%	4.31%	4.18%	1.69%

September 30, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $2,397,000K ÷ $57,286,000K
= 4.18%

Becton Dickinson and Company's operating return on assets (operating ROA) has shown a consistent trend over the past five years. In the most recent fiscal year ending September 30, 2024, the operating ROA was 4.18%, slightly higher than the previous year's 4.00%. This indicates that the company generated approximately 4.18 cents in operating income for every dollar of assets it holds during that year.

Compared to the year ending September 30, 2020, where the operating ROA was 1.69%, there has been a significant improvement in the company's ability to generate operating income from its assets. This upward trend from 2020 to 2024 reflects positively on the company's operational efficiency and asset utilization.

It is also worth noting that while the operating ROA fluctuated slightly in the years 2021 and 2023, it remained relatively stable around the 4% mark. This consistency suggests that Becton Dickinson has been able to maintain a steady level of operating performance relative to its asset base over these years.

Overall, the trend in Becton Dickinson and Company's operating ROA indicates a generally healthy operational performance and effective management of its assets to generate operating income. However, continual monitoring of this ratio is necessary to ensure sustained efficiency and profitability in the future.