Becton Dickinson and Company (BDX)
Return on equity (ROE)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,484,000 | 1,779,000 | 2,092,000 | 874,000 | 1,233,000 |
| Total stockholders’ equity | US$ in thousands | 25,796,000 | 25,282,000 | 23,677,000 | 23,765,000 | 21,081,000 |
| ROE | 5.75% | 7.04% | 8.84% | 3.68% | 5.85% |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,484,000K ÷ $25,796,000K
= 5.75%
The return on equity (ROE) for Becton Dickinson & Co. has shown some fluctuation over the past five years. The ROE decreased from 8.45% in 2021 to 5.52% in 2023. This decrease indicates that the company's ability to generate profit from shareholders' equity has declined. However, it is important to note that the ROE was relatively low in 2020 at 3.23% before increasing to 6.69% in 2022. This suggests that the company's performance in utilizing shareholder equity has been inconsistent. Overall, it is essential for stakeholders to further investigate the factors contributing to the fluctuating ROE in order to assess the company's financial performance and sustainability.
Peer comparison
Sep 30, 2023