Analysis of Geographic Areas
Becton, Dickinson & Co. operates in 4 regions: United States; Europe, the Middle East and Africa (EMEA); Greater Asia; and Other.
Paying user area
Try for free
Becton, Dickinson & Co. pages available for free this week:
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Becton, Dickinson & Co. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Area Asset Turnover
Becton, Dickinson & Co., asset turnover by geographic area
| Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | |
|---|---|---|---|---|---|---|
| United States | ||||||
| Europe, the Middle East and Africa (EMEA) | ||||||
| Greater Asia | ||||||
| Other |
Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).
- United States
- The asset turnover ratio for the United States remained stable at 0.49 in both 2016 and 2017, followed by a significant decline to 0.22 in 2018. From 2018 onwards, a gradual recovery is observed, increasing to 0.26 in 2019, 0.27 in 2020, and reaching 0.3 in 2021. Despite this improvement, the ratio in 2021 has not returned to the initial levels seen in 2016 and 2017.
- Europe, the Middle East and Africa (EMEA)
- The EMEA region shows a fluctuating yet generally positive trend. Starting at 0.81 in 2016, the asset turnover ratio declined through 2017 and 2018 to 0.59 and 0.58 respectively. This was followed by an increase to 0.7 in 2019 and a slight decrease to 0.67 in 2020. A notable recovery occurred in 2021, with the ratio rising to 0.79, almost reaching its initial 2016 level.
- Greater Asia
- The Greater Asia region exhibits a downward trend over the period analyzed. Initially high at 2.89 in 2016, the ratio slightly increased to 3.02 in 2017 but then consistently decreased over the subsequent years to 2.89 in 2018, 2.05 in 2019, 1.69 in 2020, before a modest recovery to 1.97 in 2021. This represents a substantial overall decline, indicating reduced efficiency in asset turnover.
- Other
- The asset turnover ratio in the Other region category initially improved from 1.76 in 2016 to 2.15 in 2017 and further to 2.26 in 2018. However, this was followed by a sharp decline to 1.21 in 2019 and stable low values around 1.2 in 2020, with some recovery to 1.46 in 2021. This pattern suggests volatility with a significant drop after 2018 and partial improvement by the end of the period.
- Summary
- Overall, the data illustrate diverse regional trends in asset turnover. The United States and EMEA show periods of decline followed by recovery, with EMEA's ratio nearly returning to early levels. Greater Asia reveals a marked decline with only slight late recovery, while the Other regions display more volatile behavior with an initial rise, a sharp drop, and a partial rebound. These variations likely reflect differing market conditions, operational efficiencies, and strategic responses across geographic areas over the six-year period.
Area Asset Turnover: United States
Becton, Dickinson & Co.; United States; area asset turnover calculation
| Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | ||||||
| Long-lived assets | ||||||
| Area Activity Ratio | ||||||
| Area asset turnover1 | ||||||
Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).
1 2021 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= ÷ =
The financial data for the United States geographic area exhibits several key patterns and shifts over the analyzed period from 2016 to 2021.
- Revenues
- Revenues showed a fluctuating trend with an initial decrease from 6,893 million US dollars in 2016 to 6,504 million in 2017. This was followed by a significant increase in 2018, reaching 8,768 million US dollars. The upward trajectory continued steadily through 2019 and 2021, with revenues peaking at 10,969 million US dollars in the last reported year. There was a slight dip observed in 2020, but overall, the longer-term trend indicates growth in revenues.
- Long-lived assets
- Long-lived assets experienced dramatic changes throughout the period. Starting at 14,075 million US dollars in 2016, these assets slightly declined to 13,151 million in 2017. However, a substantial increase was noted in 2018, with assets rising sharply to 38,982 million US dollars. Following this peak, long-lived assets gradually decreased each year but remained significantly higher than the levels before 2018, ending at 36,037 million US dollars in 2021.
- Area asset turnover
- The area asset turnover ratio, which reflects the efficiency in utilizing assets to generate revenues, declined convergently with the asset increase. Initially stable at 0.49 in both 2016 and 2017, the ratio sharply decreased to 0.22 in 2018 coinciding with the surge in long-lived assets. From 2019 onwards, the turnover ratio exhibited a gradual improvement, moving from 0.26 in 2019 to 0.30 in 2021, indicating a recovering efficiency in asset utilization.
In summary, the data highlights a period of significant investment or acquisition reflected by the spike in long-lived assets starting in 2018, which temporarily impacted asset turnover negatively. Revenue growth over the years, combined with a gradual recovery in turnover ratios, suggests improved operational performance and asset utilization in recent years within the United States geographic area.
Area Asset Turnover: Europe, the Middle East and Africa (EMEA)
Becton, Dickinson & Co.; Europe, the Middle East and Africa (EMEA); area asset turnover calculation
| Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | ||||||
| Long-lived assets | ||||||
| Area Activity Ratio | ||||||
| Area asset turnover1 | ||||||
Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).
1 2021 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= ÷ =
- Revenues
- The revenues for the region exhibited a fluctuating yet overall increasing trend across the reported periods. There was a decline from 2016 (US$3,049 million) to 2017 (US$2,588 million), followed by a steady increase in subsequent years, reaching US$4,751 million by 2021. This represents significant growth, particularly notable in the last two years, where revenue increased by 24% from 2020 to 2021.
- Long-lived assets
- The value of long-lived assets showed a consistent upward trajectory except for a slight reduction in 2019. Starting at US$3,747 million in 2016, the assets increased sharply to US$5,640 million in 2018, with a minor decline to US$5,519 million in 2019. Thereafter, the figures resumed growth to reach US$6,004 million in 2021. Overall, the asset base expanded, reflecting potential investments or acquisitions in the region over the period.
- Area asset turnover
- The asset turnover ratio, which measures the efficiency of using assets to generate revenue, exhibited variability over the years. It decreased from 0.81 in 2016 to a low of 0.58 in 2018, indicating reduced efficiency in those years. However, from 2018 onwards, the ratio improved steadily, reaching 0.79 by 2021, nearing the initial efficiency level observed in 2016. This suggests enhanced utilization of assets in generating sales in the latter part of the period.
- Overall Analysis
- The data indicates that despite an early decline in revenues and asset turnover, the region experienced a recovery and growth phase from 2018 onwards. Investments in long-lived assets increased markedly, particularly before 2019, which may have contributed to subsequent improvements in revenue and asset efficiency. The strengthening asset turnover ratio from 2019 to 2021 aligns with accelerated revenue growth, suggesting more effective asset management or operational improvements during this period.
Area Asset Turnover: Greater Asia
Becton, Dickinson & Co.; Greater Asia; area asset turnover calculation
| Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | ||||||
| Long-lived assets | ||||||
| Area Activity Ratio | ||||||
| Area asset turnover1 | ||||||
Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).
1 2021 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= ÷ =
The financial data for the Greater Asia geographic area from 2016 to 2021 reveals distinct trends in revenues, long-lived assets, and area asset turnover ratios.
- Revenues
- The revenues exhibit an overall upward trajectory, increasing from 1,692 million USD in 2016 to 3,272 million USD in 2021. Notably, there is a substantial jump between 2017 and 2018, where revenues rise from 1,744 million USD to 2,460 million USD. After reaching a peak of 2,726 million USD in 2019, revenues experience a slight dip in 2020 to 2,568 million USD, possibly reflecting external challenges during that year. However, revenues recover strongly in 2021, surpassing previous highs.
- Long-lived Assets
- Long-lived assets demonstrate a significant increase over the period, starting at 586 million USD in 2016 and growing steadily to 1,662 million USD by 2021. The most notable rises occur between 2017 and 2019, with assets escalating from 578 million USD to 1,328 million USD, and continuing upward thereafter. This growth suggests substantial investment or capital expenditure in the region.
- Area Asset Turnover
- The area asset turnover ratio, which indicates efficiency in using assets to generate revenues, declines overall during the examined period. Starting at 2.89 in 2016 and maintaining a similar level in 2017 and 2018, the ratio then decreases sharply to 2.05 in 2019 and further drops to 1.69 in 2020. In 2021, it improves slightly to 1.97 but remains below earlier levels. This downward trend suggests that asset growth outpaced revenue gains, potentially indicating decreasing efficiency in asset utilization or changes in asset composition.
In summary, the Greater Asia area has experienced strong revenue growth accompanied by significant increases in long-lived assets. Despite these positive trends, there is a noticeable decline in asset turnover efficiency, which may warrant further examination of asset management strategies and operational efficiencies within the region.
Area Asset Turnover: Other
Becton, Dickinson & Co.; Other; area asset turnover calculation
| Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | ||||||
| Long-lived assets | ||||||
| Area Activity Ratio | ||||||
| Area asset turnover1 | ||||||
Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).
1 2021 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= ÷ =
- Revenue Trends
- Revenues in the "Other" geographic area exhibited fluctuations over the analyzed period. Initially, there was a substantial increase from 849 million US dollars in 2016 to 1,257 million in 2017, followed by a continued growth to 1,457 million in 2018. However, revenues declined sharply in 2019 to 997 million and further decreased to 905 million in 2020. By 2021, revenues rebounded to 1,255 million, almost recovering to the prior peak of 2017.
- Long-Lived Assets
- Long-lived assets showed a generally upward trend from 483 million US dollars in 2016 to 860 million in 2021. The increase was relatively steady, except for a slight decline in 2020 to 753 million from the prior year's 824 million. The growth in long-lived assets over the period suggests consistent investment or capital allocation to this geographic area.
- Area Asset Turnover Ratio
- The area asset turnover ratio, reflecting revenue generated per unit of long-lived assets, experienced notable variation. From 1.76 in 2016, the ratio improved to 2.15 in 2017 and further to 2.26 in 2018, indicating increasing efficiency in asset utilization during these years. However, a significant decrease occurred in 2019 and 2020, with values dropping to 1.21 and 1.20, respectively. This decline corresponds with the reductions in revenue during these years. In 2021, the ratio improved moderately to 1.46 but did not return to earlier levels, suggesting partial recovery in operational efficiency.
- Overall Insights
- The data reflects a period of growth in revenue and asset base through 2018, followed by a downturn in revenue during 2019 and 2020, potentially impacted by external factors affecting demand or operations. Despite the dip in revenue, investments in long-lived assets remained relatively stable, which may indicate a strategic focus on long-term growth. The asset turnover ratio trend highlights initial improvements in efficiency that were disrupted during the revenue decline period, with signs of recovery emerging in 2021 but not yet reaching prior performance levels.
Revenues
Becton, Dickinson & Co., revenues by geographic area
US$ in millions
| Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | |
|---|---|---|---|---|---|---|
| United States | ||||||
| Europe, the Middle East and Africa (EMEA) | ||||||
| Greater Asia | ||||||
| Other | ||||||
| Total |
Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).
- United States Revenue Trend
- The revenue from the United States shows a fluctuating but overall increasing pattern from 2016 to 2021. After a slight decline between 2016 and 2017, revenue grew substantially in 2018 and continued to increase moderately through 2021, reaching a peak of 10,969 million US dollars. This indicates a strong recovery and growth trend in the US market over the observed period.
- EMEA Region Revenue Trend
- The Europe, Middle East, and Africa (EMEA) region experienced a decline from 2016 to 2017, followed by consistent growth thereafter. Revenue increased steadily from 2,588 million US dollars in 2017 to 4,751 million US dollars in 2021, highlighting expanding business operations or market penetration in this region.
- Greater Asia Revenue Trend
- Greater Asia region revenue showed a continuous upward trend from 2016 through 2019, rising from 1,692 million to 2,726 million US dollars. There was a minor decrease in 2020, dropping to 2,568 million US dollars, likely indicative of adverse conditions during that year. However, revenue rebounded significantly in 2021, reaching 3,272 million US dollars, the highest in the observed timeframe.
- Other Regions Revenue Trend
- Revenues classified under "Other" regions exhibited more volatility. They increased sharply from 849 million in 2016 to 1,457 million in 2018, then declined to 905 million in 2020 before rising again to 1,255 million in 2021. This pattern suggests some instability but a general recovery towards the end of the period.
- Total Revenue Trend
- Total revenue increased overall from 12,483 million US dollars in 2016 to 20,247 million in 2021. There was a minor dip in 2017, followed by significant growth in subsequent years, albeit with a slight decrease noted in 2020 compared to 2019. The recovery in 2021 was strong, suggesting overall positive performance across all geographic segments despite some regional fluctuations.
Long-lived assets
Becton, Dickinson & Co., long-lived assets by geographic area
US$ in millions
| Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | |
|---|---|---|---|---|---|---|
| United States | ||||||
| Europe, the Middle East and Africa (EMEA) | ||||||
| Greater Asia | ||||||
| Other | ||||||
| Corporate | ||||||
| Total |
Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).
The long-lived assets data by geographic area over the six-year period shows varying trends across regions and corporate allocations.
- United States
- There is a notable increase in assets from 2016 to 2018, peaking sharply at 38,982 million USD in 2018. Following this peak, values decline steadily over the next three years, reaching 36,037 million USD by 2021. Despite the decline, the asset base remains relatively elevated compared to the start of the period.
- Europe, the Middle East and Africa (EMEA)
- This region exhibits a consistent upward trajectory throughout the entire period. Starting at 3,747 million USD in 2016, long-lived assets increase steadily each year, attaining 6,004 million USD in 2021. This indicates sustained investment or asset growth in the EMEA region.
- Greater Asia
- Assets in Greater Asia show gradual growth, beginning at 586 million USD in 2016 and rising each year, with a slight acceleration from 2018 onwards. By 2021, assets total 1,662 million USD, nearly tripling the initial amount over six years, reflecting expanding presence or asset accumulation in this region.
- Other
- The "Other" category follows an increasing pattern as well, with assets growing from 483 million USD in 2016 to 860 million USD in 2021. There is a slight dip observed in 2020, but the overall trend is upward.
- Corporate
- Corporate long-lived assets demonstrate a steady but moderate increase over the period. Amounts rise from 329 million USD in 2016 to 466 million USD in 2021, indicating incremental asset additions or capital expenditures at the corporate level.
- Total
- Total long-lived assets peak sharply in 2018 at 46,494 million USD, more than doubling the level seen in 2017. Thereafter, a gradual decline occurs, stabilizing around 45,000 million USD in the subsequent years. The 2018 peak largely correlates with the spike in United States assets, suggesting a significant asset event or acquisition impacting overall totals for that year.
Overall, the data reveal significant fluctuations primarily driven by the United States, with a major peak in 2018, contrasted with steady growth in EMEA, Greater Asia, Other, and Corporate categories. The total asset base remains relatively stable following the 2018 surge, with regional diversification growth evident. These trends may imply strategic investment shifts from the US toward international regions and consistent capital allocation at corporate levels.