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.


Peer comparison

Dec 31, 2023


See also:

Becton Dickinson and Company Return on Assets (ROA) (Quarterly Data)