Becton, Dickinson & Co. (BDX)
Return on Capital (ROC)
Return on capital (ROC) is after tax rate of return on net business assets. ROIC is unaffected by changes in interest rates or company’s debt and equity structure. It measures business productivity performance.
Return on Invested Capital (ROIC)
Becton, Dickinson & Co., ROIC calculation
|Sep 30, 2018||Sep 30, 2017||Sep 30, 2016||Sep 30, 2015||Sep 30, 2014||Sep 30, 2013|
|Selected Financial Data (US$ in millions)|
|Net operating profit after taxes (NOPAT)1|
Based on: 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26), 10-K (filing date: 2013-11-27).
1 NOPAT. See details »
2 Invested capital. See details »
3 2018 Calculation
ROIC = 100 × NOPAT ÷ Invested capital
= 100 × ÷ =
|Performance ratio||Description||The company|
|ROIC||A measure of the periodic, after tax, cash-on-cash yield earned in the business.||Becton, Dickinson & Co.’s ROIC improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.|