Becton Dickinson and Company (BDX)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	25,890,000	25,868,000	25,647,000	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
ROE		6.59%	5.46%	5.20%	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%

September 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,705,000K ÷ $25,890,000K
= 6.59%

The return on equity (ROE) for Becton Dickinson and Company has shown fluctuation over the periods in question. The trend indicates a range between 3.68% to 8.84% over the last five years. In recent quarters, the ROE has been relatively stable, ranging from 5.20% to 6.59%.

ROE measures the company's efficiency in generating profits from shareholders' equity. A higher ROE suggests that the company is effectively utilizing its equity to generate profits for shareholders. Becton Dickinson and Company's ROE has generally been within a moderate range, indicating a satisfactory level of return on the equity invested in the company.

It is important to note that a single ratio analysis may not provide a complete picture of the company's financial health. To assess the overall performance and financial position of Becton Dickinson and Company, it is recommended to analyze the ROE in conjunction with other financial ratios and key performance indicators.