Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
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
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
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
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
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. |