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