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)