Becton Dickinson and Company (BDX)

Return on assets (ROA)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	1,705,000	1,413,000	1,333,000	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
Total assets	US$ in thousands	57,286,000	55,582,000	54,157,000	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
ROA		2.98%	2.54%	2.46%	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%

September 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,705,000K ÷ $57,286,000K
= 2.98%

The return on assets (ROA) of Becton Dickinson and Company has shown variability over the past several quarters. ROA measures the company's ability to generate profit from its assets, indicating its efficiency in utilizing its resources to generate earnings.

Looking at the data provided, we can observe that the ROA has fluctuated during the period with values ranging from 1.62% to 3.88%. In general, a higher ROA indicates that the company is more effective in converting its assets into profits.

In the most recent quarter, the ROA was 2.98%, which was slightly higher than the previous quarter's 2.54%. This suggests that the company improved its efficiency in generating earnings from its assets during the period.

However, it's important to note the historical trend of the ROA to gain a better understanding of the company's overall performance. Over the past few years, the ROA has shown some volatility but has generally remained above 2%, indicating that Becton Dickinson and Company has been able to effectively utilize its assets to generate profits.

Overall, a consistent and relatively high ROA signifies efficient asset management and financial performance, which are essential factors for investors and analysts to consider when evaluating the company's profitability and operational effectiveness.