Becton Dickinson and Company (BDX)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,397,000 | 2,124,000 | 2,071,000 | 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 |
| Total assets | US$ in thousands | 57,286,000 | 55,582,000 | 54,157,000 | 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 |
| Operating ROA | 4.18% | 3.82% | 3.82% | 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% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,397,000K ÷ $57,286,000K
= 4.18%
Operating return on assets (ROA) is a key financial ratio that measures the efficiency with which a company generates profits from its operational assets. The operating ROA for Becton Dickinson and Company has displayed some variability over the past several quarters. The ratio ranged from a low of 1.69% in the third quarter of 2020 to a high of 4.73% in the first quarter of 2022.
In the most recent quarter, ending on September 30, 2024, Becton Dickinson and Company reported an operating ROA of 4.18%. This indicates that for every dollar of operational assets employed by the company, it generated a profit of 4.18 cents.
Over the analyzed period, the operating ROA has generally fluctuated within a relatively narrow range, suggesting a consistent performance in generating profits from its operational assets. This stability in the ratio indicates that the company has been effectively utilizing its assets to generate profits, although there have been some minor fluctuations quarter over quarter.
It's important to continue monitoring the operating ROA trend to assess whether the company can maintain or improve its profitability relative to its operational assets in the future.
Peer comparison
Sep 30, 2024