Becton Dickinson and Company (BDX)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,484,000 | 1,779,000 | 2,092,000 | 874,000 | 1,233,000 |
| Total assets | US$ in thousands | 52,780,000 | 52,934,000 | 53,866,000 | 54,012,000 | 51,765,000 |
| ROA | 2.81% | 3.36% | 3.88% | 1.62% | 2.38% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $1,484,000K ÷ $52,780,000K
= 2.81%
The return on assets (ROA) for Becton Dickinson & Co. has exhibited some fluctuation over the past five years. The ROA declined from 3.71% in 2021 to 2.70% in 2023, reflecting a decrease in the company's ability to generate profit from its assets. However, it is important to note that the 2023 ROA of 2.70% is higher than the 2020 and 2019 figures, indicating an improvement in the company's asset utilization efficiency compared to those years. Overall, the ROA trend suggests some variability in the company's ability to generate earnings relative to its total assets, potentially signaling changing levels of efficiency and profitability in asset utilization over the years.
Peer comparison
Sep 30, 2023