Becton Dickinson and Company (BDX)

Return on assets (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
Net income (ttm)	US$ in thousands	1,256,000	1,484,000	1,664,000	1,617,000	1,611,000	1,779,000	1,756,000	1,921,000	1,766,000	2,092,000	1,955,000	1,716,000	1,600,000	875,000	910,000	1,075,000	912,000	1,233,000	935,000	1,078,000
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
ROA		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%	2.38%	1.79%	2.05%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,256,000K ÷ $52,274,000K
= 2.40%

To analyze Becton Dickinson & Co.'s return on assets (ROA) based on the data provided, we observe a decreasing trend in ROA over the past three quarters. The ROA has decreased from 3.19% in Q4 2022 to 2.33% in Q1 2024. Despite fluctuations in the interim quarters, the overall trend indicates a decline in the company's efficiency in generating profits from its assets.

This downward trend in ROA suggests that Becton Dickinson & Co. may be experiencing challenges in effectively utilizing its assets to generate earnings. It is essential for the company to assess and potentially improve its asset management strategies to enhance profitability and overall financial performance in the future.