Becton Dickinson and Company (BDX)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,965,000 | 2,111,000 | 2,251,000 | 2,239,000 | 2,175,000 | 2,282,000 | 2,173,000 | 2,128,000 | 1,998,000 | 2,547,000 | 1,850,000 | 1,716,000 | 1,652,000 | 912,000 | 1,340,000 | 1,608,000 | 1,374,000 | 1,761,000 | 2,226,000 | 2,112,000 |
| 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 |
| Operating ROA | 3.76% | 4.00% | 4.25% | 4.12% | 4.09% | 4.31% | 4.08% | 3.88% | 3.74% | 4.73% | 3.40% | 3.12% | 3.02% | 1.69% | 2.48% | 3.00% | 2.64% | 3.40% | 4.26% | 4.02% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,965,000K ÷ $52,274,000K
= 3.76%
The operating return on assets (operating ROA) of Becton Dickinson & Co. has shown a consistent downward trend over the past eight quarters. The operating ROA decreased from 5.03% in Q3 2022 to 4.00% in Q1 2024. This decline indicates a reduction in the company's ability to generate operating profits from its assets over the period analyzed. Despite minor fluctuations, the downward trajectory suggests potential inefficiencies in asset utilization or declining operational profitability. Further analysis, considering factors such as changes in sales, costs, or asset mix, may be necessary to understand the drivers behind the decreasing operating ROA.
Peer comparison
Dec 31, 2023