Becton Dickinson and Company (BDX)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 52,780,000 | 52,934,000 | 53,866,000 | 54,012,000 | 51,765,000 |
| Operating ROA | 4.00% | 4.31% | 4.18% | 1.69% | 3.40% |
September 30, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $2,111,000K ÷ $52,780,000K
= 4.00%
Becton Dickinson & Co.'s operating return on assets (operating ROA) has shown some fluctuation over the past five years. In 2023, the operating ROA stands at 4.16%, a decrease from the previous year's 4.75%. This may indicate a reduced efficiency in generating operating income from the company's assets.
Looking further back, the operating ROA was at its highest in 2021 at 5.54%, suggesting a strong performance in utilizing assets to generate operating income. However, there was a dip in 2020 to 3.32% before improving to 4.33% in 2019.
Overall, the trend in operating ROA indicates some variability in Becton Dickinson & Co.'s ability to generate operating income relative to its assets. Further analysis of the company's operating efficiency and asset management practices would be needed to fully understand the factors driving these fluctuations.
Peer comparison
Sep 30, 2023