Becton Dickinson and Company (BDX)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 12.72% | 6.55% | 5.54% | 5.19% | 6.12% | 11.76% | 12.00% | 12.35% | 13.71% | 14.30% | 14.39% | 14.23% | 15.70% | 23.93% | 30.65% | 37.35% | 44.27% | 45.14% | 46.24% | 47.78% |
| Operating profit margin | 11.88% | 10.71% | 10.50% | 10.08% | 10.90% | 11.82% | 11.90% | 11.61% | 12.09% | 11.46% | 11.24% | 10.47% | 12.94% | 9.43% | 9.10% | 9.07% | 5.33% | 7.92% | 9.24% | 7.92% |
| Pretax margin | 9.94% | 8.21% | 8.11% | 7.66% | 8.34% | 9.46% | 9.15% | 9.07% | 10.21% | 9.85% | 10.43% | 9.29% | 11.28% | 10.47% | 9.56% | 9.33% | 5.47% | 4.98% | 6.05% | 4.94% |
| Net profit margin | 8.45% | 7.13% | 6.76% | 6.44% | 7.66% | 8.74% | 8.60% | 8.60% | 9.43% | 9.26% | 10.15% | 9.26% | 10.63% | 9.97% | 9.10% | 8.79% | 5.11% | 5.38% | 6.17% | 5.26% |
The profitability ratios of Becton Dickinson and Company have exhibited some fluctuations over the past few quarters. The gross profit margin has displayed a declining trend from 47.78% in Q4 2019 to 12.72% in Q3 2024, indicating a decrease in the company's ability to generate profits after accounting for the cost of goods sold.
The operating profit margin has also shown variability, with a peak of 12.94% in Q4 2021 and fluctuating between 9.10% and 12.09% in the most recent quarters. This ratio reflects the company's operational efficiency in generating profits from its core business activities.
Similarly, the pretax margin and net profit margin have shown fluctuations over the periods under review. The pretax margin peaked at 11.28% in Q3 2021 and has since varied between 4.98% and 10.43%. The net profit margin, which indicates the company's bottom-line profitability after accounting for all expenses, has shown a similar trend, declining from 6.17% in Q2 2020 to 8.45% in Q3 2024.
Overall, Becton Dickinson and Company's profitability ratios have displayed variability over the examined periods, suggesting changes in the company's ability to generate profits at different stages. Further analysis would be needed to understand the factors driving these fluctuations and assess the company's long-term profitability prospects.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 2.98% | 2.54% | 2.46% | 2.40% | 2.81% | 3.14% | 2.97% | 3.03% | 3.36% | 3.30% | 3.51% | 3.31% | 3.88% | 3.60% | 3.12% | 2.92% | 1.62% | 1.69% | 2.01% | 1.76% |
| Return on total capital | 5.59% | 4.72% | 4.96% | 4.96% | 5.10% | 5.49% | 5.14% | 5.29% | 5.94% | 5.66% | 5.69% | 5.48% | 6.59% | 6.36% | 5.42% | 5.42% | 3.57% | 3.38% | 4.29% | 3.83% |
| Return on equity (ROE) | 6.59% | 5.46% | 5.20% | 4.96% | 5.75% | 6.42% | 6.29% | 6.32% | 7.04% | 6.89% | 7.83% | 7.31% | 8.84% | 8.10% | 6.91% | 6.49% | 3.68% | 3.79% | 5.13% | 4.30% |
Becton Dickinson and Company's profitability ratios show varying levels of performance over the past few quarters.
1. Operating return on assets (Operating ROA) has been relatively stable, ranging between 3.76% and 4.31% over the last eight quarters. This ratio indicates that the company is generating profits from its operating activities efficiently in relation to its total assets.
2. Return on assets (ROA) has shown some fluctuations, with values ranging from 2.40% to 3.88% in the same period. ROA reflects the company's overall ability to generate profits from its assets, and the higher values suggest improved asset utilization and profitability.
3. Return on total capital has also exhibited some variability, fluctuating between 4.72% and 6.59% over the past eight quarters. This ratio signifies the company's ability to generate returns for both equity and debt holders, indicating how effectively it is utilizing its total capital.
4. Return on equity (ROE) has shown a similar trend to return on total capital, with values fluctuating between 4.96% and 8.84% in the same period. ROE reflects the company's ability to generate profits from shareholders' equity, with higher values indicating better returns for equity investors.
Overall, Becton Dickinson and Company's profitability ratios suggest a level of consistency in operating performance and an ability to generate profits from its assets and capital base. However, there have been fluctuations in some ratios, indicating the need for continuous monitoring and strategic management of the company's financial performance.
See also:
Becton Dickinson and Company Profitability Ratios (Quarterly Data)