Becton Dickinson and Company (BDX)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	25,332,000	25,796,000	25,937,000	25,689,000	25,472,000	25,282,000	25,493,000	24,525,000	24,160,000	23,677,000	24,135,000	24,826,000	24,663,000	23,765,000	24,022,000	20,951,000	21,202,000	21,081,000	21,497,000	21,309,000
ROE		4.96%	5.75%	6.42%	6.29%	6.32%	7.04%	6.89%	7.83%	7.31%	8.84%	8.10%	6.91%	6.49%	3.68%	3.79%	5.13%	4.30%	5.85%	4.35%	5.06%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,256,000K ÷ $25,332,000K
= 4.96%

The return on equity (ROE) of Becton Dickinson & Co. has shown a slight decrease over the past quarters, with the ROE ranging from a low of 4.81% in Q1 2024 to a high of 7.46% in Q2 2022. This indicates that the company is generating less profit for each dollar of shareholder equity compared to previous periods.

While the ROE fluctuated between 5.52% to 6.69% in the past few quarters, the recent decline to 4.81% in Q1 2024 may raise concerns about the company's efficiency in utilizing shareholder funds to generate profits.

It is essential for Becton Dickinson & Co. to closely monitor and evaluate the factors influencing its ROE, such as profitability, asset utilization, and financial leverage, in order to improve its performance and maximize shareholder value in the future.