Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Becton, Dickinson & Co. (NYSE:BDX)

Analysis of Long-term (Investment) Activity Ratios

Beginner level

Long-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Net fixed asset turnover 2.89 3.06 2.97 2.61 3.20 2.53
Net fixed asset turnover (including operating lease, right-of-use asset) 2.70 3.06 2.97 2.61 3.20 2.53
Total asset turnover 0.32 0.33 0.30 0.32 0.49 0.38
Equity turnover 0.72 0.82 0.76 0.93 1.64 1.44

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-27), 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).

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.’s net fixed asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
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.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Becton, Dickinson & Co.’s total asset turnover ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Becton, Dickinson & Co.’s equity turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Net Fixed Asset Turnover

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

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in millions)
Revenues 17,117  17,290  15,983  12,093  12,483  10,282 
Property, plant and equipment, net 5,923  5,659  5,375  4,638  3,901  4,060 
Long-term Activity Ratio
Net fixed asset turnover1 2.89 3.06 2.97 2.61 3.20 2.53
Benchmarks
Net Fixed Asset Turnover, Competitors2
Boston Scientific Corp. 5.16 5.51 5.33 5.14 5.02
Danaher Corp. 7.78 7.92 7.47 7.17 7.28
Edwards Lifesciences Corp. 4.10 4.29 5.05 5.11 5.17
Intuitive Surgical Inc. 3.52 4.59 5.10 5.90 5.52
Medtronic PLC 5.99 6.54 6.51 6.81 5.96 4.31
Stryker Corp. 5.80 5.94 6.30 7.22 8.30
Thermo Fisher Scientific Inc. 5.38 5.85 5.17 7.09 6.93
UnitedHealth Group Inc. 27.60 26.59 28.54 31.18 32.17
Net Fixed Asset Turnover, Sector
Health Care Equipment & Services 11.07 11.21 11.25 12.00
Net Fixed Asset Turnover, Industry
Health Care 6.02 6.11 5.89 6.07

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-27), 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).

1 2020 Calculation
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= 17,117 ÷ 5,923 = 2.89

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.’s net fixed asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

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, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in millions)
Revenues 17,117  17,290  15,983  12,093  12,483  10,282 
 
Property, plant and equipment, net 5,923  5,659  5,375  4,638  3,901  4,060 
Operating lease right-of-use assets (recorded in Other assets) 418  —  —  —  —  — 
Property, plant and equipment, net (including operating lease, right-of-use asset) 6,341  5,659  5,375  4,638  3,901  4,060 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 2.70 3.06 2.97 2.61 3.20 2.53
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Boston Scientific Corp. 4.45 5.51 5.33 5.14 5.02
Danaher Corp. 5.84 7.92 7.47 7.17 7.28
Edwards Lifesciences Corp. 3.81 4.29 5.05 5.11 5.17
Intuitive Surgical Inc. 3.32 4.59 5.10 5.90 5.52
Medtronic PLC 5.02 6.54 6.51 6.81 5.96 4.31
Stryker Corp. 5.04 5.94 6.30 7.22 8.30
Thermo Fisher Scientific Inc. 4.69 5.85 5.17 7.09 6.93
UnitedHealth Group Inc. 18.97 26.59 28.54 31.18 32.17
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Health Care Equipment & Services 9.30 11.21 11.25 12.00
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Health Care 5.38 6.11 5.89 6.07

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-27), 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).

1 2020 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)
= 17,117 ÷ 6,341 = 2.70

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.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Total Asset Turnover

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

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in millions)
Revenues 17,117  17,290  15,983  12,093  12,483  10,282 
Total assets 54,012  51,765  53,904  37,734  25,586  26,820 
Long-term Activity Ratio
Total asset turnover1 0.32 0.33 0.30 0.32 0.49 0.38
Benchmarks
Total Asset Turnover, Competitors2
Boston Scientific Corp. 0.35 0.47 0.48 0.46 0.41
Danaher Corp. 0.29 0.42 0.39 0.37 0.43
Edwards Lifesciences Corp. 0.67 0.70 0.60 0.66 0.61
Intuitive Surgical Inc. 0.46 0.47 0.54 0.42 0.49
Medtronic PLC 0.32 0.34 0.33 0.30 0.29 0.19
Stryker Corp. 0.49 0.50 0.56 0.55 0.61
Thermo Fisher Scientific Inc. 0.44 0.43 0.37 0.40 0.41
UnitedHealth Group Inc. 1.38 1.48 1.44 1.50 1.40
Total Asset Turnover, Sector
Health Care Equipment & Services 0.71 0.75 0.71 0.74
Total Asset Turnover, Industry
Health Care 0.51 0.57 0.51 0.53

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-27), 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).

1 2020 Calculation
Total asset turnover = Revenues ÷ Total assets
= 17,117 ÷ 54,012 = 0.32

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.’s total asset turnover ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.

Equity Turnover

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

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015
Selected Financial Data (US$ in millions)
Revenues 17,117  17,290  15,983  12,093  12,483  10,282 
Shareholders’ equity 23,765  21,081  20,994  12,948  7,633  7,164 
Long-term Activity Ratio
Equity turnover1 0.72 0.82 0.76 0.93 1.64 1.44
Benchmarks
Equity Turnover, Competitors2
Boston Scientific Corp. 0.77 1.13 1.29 1.25 1.18
Danaher Corp. 0.59 0.71 0.70 0.73 0.87
Edwards Lifesciences Corp. 1.05 1.19 1.16 1.13 1.00
Intuitive Surgical Inc. 0.54 0.56 0.66 0.47 0.55
Medtronic PLC 0.57 0.61 0.59 0.59 0.55 0.38
Stryker Corp. 1.16 1.16 1.25 1.19 1.17
Thermo Fisher Scientific Inc. 0.86 0.88 0.82 0.85 0.79
UnitedHealth Group Inc. 4.17 4.35 4.19 4.81 4.62
Equity Turnover, Sector
Health Care Equipment & Services 1.61 1.65 1.65 1.71
Equity Turnover, Industry
Health Care 1.42 1.52 1.36 1.34

Based on: 10-K (filing date: 2020-11-25), 10-K (filing date: 2019-11-27), 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).

1 2020 Calculation
Equity turnover = Revenues ÷ Shareholders’ equity
= 17,117 ÷ 23,765 = 0.72

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.’s equity turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.