Stock Analysis on Net

Becton, Dickinson & Co. (NYSE:BDX)

This company has been moved to the archive! The financial data has not been updated since May 5, 2022.

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel LibreOffice Calc

Long-term Activity Ratios (Summary)

Becton, Dickinson & Co., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016
Net fixed asset turnover 3.17 2.89 3.06 2.97 2.61 3.20
Net fixed asset turnover (including operating lease, right-of-use asset) 2.96 2.70 3.06 2.97 2.61 3.20
Total asset turnover 0.38 0.32 0.33 0.30 0.32 0.49
Equity turnover 0.86 0.72 0.82 0.76 0.93 1.64

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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Becton, Dickinson & Co. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Becton, Dickinson & Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Becton, Dickinson & Co. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Becton, Dickinson & Co. equity turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Net Fixed Asset Turnover

Becton, Dickinson & Co., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
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 20,248  17,117  17,290  15,983  12,093  12,483 
Property, plant and equipment, net 6,393  5,923  5,659  5,375  4,638  3,901 
Long-term Activity Ratio
Net fixed asset turnover1 3.17 2.89 3.06 2.97 2.61 3.20
Benchmarks
Net Fixed Asset Turnover, Competitors2
Abbott Laboratories 4.81 3.83 3.97 4.04 3.60
Anthem Inc. 34.94 34.69 32.92 33.40 40.95
Bristol-Myers Squibb Co. 7.67 7.22 4.18 4.49 4.15
CVS Health Corp. 22.56 21.25 21.24 17.09 17.95
Danaher Corp. 7.77 6.83 7.78 7.92 7.47
Intuitive Surgical Inc. 3.04 2.76 3.52 4.59 5.10
Medtronic PLC 5.77 5.99 6.54 6.51 6.81
UnitedHealth Group Inc. 31.81 29.64 27.60 26.59 28.54
Net Fixed Asset Turnover, Sector
Health Care Equipment & Services 16.79 15.76 15.30 14.33 14.51
Net Fixed Asset Turnover, Industry
Health Care 9.04 8.24 8.37 8.03 7.90

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
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= 20,248 ÷ 6,393 = 3.17

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Becton, Dickinson & Co. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Becton, Dickinson & Co., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
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 20,248  17,117  17,290  15,983  12,093  12,483 
 
Property, plant and equipment, net 6,393  5,923  5,659  5,375  4,638  3,901 
Operating lease right-of-use assets (recorded in Other assets) 446  418  —  —  —  — 
Property, plant and equipment, net (including operating lease, right-of-use asset) 6,839  6,341  5,659  5,375  4,638  3,901 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 2.96 2.70 3.06 2.97 2.61 3.20
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Abbott Laboratories 4.26 3.42 3.56 4.04 3.60
Anthem Inc. 30.12 29.26 27.82 33.40 40.95
Bristol-Myers Squibb Co. 6.66 6.30 3.76 4.49 4.15
CVS Health Corp. 9.09 8.04 7.77 17.09 17.95
Danaher Corp. 6.10 5.30 5.84 7.92 7.47
Intuitive Surgical Inc. 2.93 2.66 3.32 4.59 5.10
Medtronic PLC 4.84 5.02 6.54 6.51 6.81
UnitedHealth Group Inc. 21.54 19.55 18.97 26.59 28.54
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Health Care Equipment & Services 10.86 9.83 9.56 14.33 14.51
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Health Care 7.16 6.46 6.55 8.03 7.90

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
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 20,248 ÷ 6,839 = 2.96

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Becton, Dickinson & Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Total Asset Turnover

Becton, Dickinson & Co., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
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 20,248  17,117  17,290  15,983  12,093  12,483 
Total assets 53,866  54,012  51,765  53,904  37,734  25,586 
Long-term Activity Ratio
Total asset turnover1 0.38 0.32 0.33 0.30 0.32 0.49
Benchmarks
Total Asset Turnover, Competitors2
Abbott Laboratories 0.57 0.48 0.47 0.46 0.36
Anthem Inc. 1.41 1.39 1.33 1.28 1.26
Bristol-Myers Squibb Co. 0.42 0.36 0.20 0.64 0.62
CVS Health Corp. 1.25 1.16 1.15 0.99 1.94
Danaher Corp. 0.35 0.29 0.29 0.42 0.39
Intuitive Surgical Inc. 0.42 0.39 0.46 0.47 0.54
Medtronic PLC 0.32 0.32 0.34 0.33 0.30
UnitedHealth Group Inc. 1.34 1.30 1.38 1.48 1.44
Total Asset Turnover, Sector
Health Care Equipment & Services 0.95 0.88 0.85 0.92 1.01
Total Asset Turnover, Industry
Health Care 0.70 0.64 0.65 0.68 0.66

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
Total asset turnover = Revenues ÷ Total assets
= 20,248 ÷ 53,866 = 0.38

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Becton, Dickinson & Co. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Equity Turnover

Becton, Dickinson & Co., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
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 20,248  17,117  17,290  15,983  12,093  12,483 
Shareholders’ equity 23,677  23,765  21,081  20,994  12,948  7,633 
Long-term Activity Ratio
Equity turnover1 0.86 0.72 0.82 0.76 0.93 1.64
Benchmarks
Equity Turnover, Competitors2
Abbott Laboratories 1.20 1.06 1.03 1.00 0.89
Anthem Inc. 3.80 3.64 3.25 3.20 3.36
Bristol-Myers Squibb Co. 1.29 1.12 0.51 1.61 1.77
CVS Health Corp. 3.87 3.86 4.00 3.33 4.90
Danaher Corp. 0.65 0.56 0.59 0.71 0.70
Intuitive Surgical Inc. 0.48 0.45 0.54 0.56 0.66
Medtronic PLC 0.59 0.57 0.61 0.59 0.59
UnitedHealth Group Inc. 3.98 3.90 4.17 4.35 4.19
Equity Turnover, Sector
Health Care Equipment & Services 2.39 2.29 2.19 2.30 2.43
Equity Turnover, Industry
Health Care 1.92 1.90 1.89 1.89 1.75

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
Equity turnover = Revenues ÷ Shareholders’ equity
= 20,248 ÷ 23,677 = 0.86

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Becton, Dickinson & Co. equity turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.