Becton Dickinson and Company (BDX)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,705,000 | 1,484,000 | 1,779,000 | 2,092,000 | 874,000 |
| Total assets | US$ in thousands | 57,286,000 | 52,780,000 | 52,934,000 | 53,866,000 | 54,012,000 |
| ROA | 2.98% | 2.81% | 3.36% | 3.88% | 1.62% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $1,705,000K ÷ $57,286,000K
= 2.98%
The return on assets (ROA) of Becton Dickinson and Company has shown fluctuating trends over the past five years. In the most recent fiscal year ending on September 30, 2024, the ROA was 2.98%, marking a slight increase from the previous year's 2.81%. However, this figure is lower compared to the ROA of 3.36% in 2022 and 3.88% in 2021. The company experienced a significant improvement in ROA from 2020 to 2021, indicating enhanced efficiency in generating profits from its assets.
The fluctuations in ROA suggest varying levels of asset utilization and profitability over the years. It is essential for Becton Dickinson to monitor and analyze the factors influencing its ROA to maintain or improve the company's financial performance. Overall, the recent ROA of 2.98% indicates that the company generated approximately $0.0298 in profit for every dollar of assets it holds as of September 30, 2024.
Peer comparison
Sep 30, 2024