Stock Analysis on Net
Stock Analysis on Net

Becton, Dickinson & Co. (NYSE:BDX)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Beginner level

Long-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Net fixed asset turnover 2.90 3.07 3.00 3.06 3.08 3.11 3.18 2.97 2.77 2.50 2.33 2.61 2.76 3.13 3.25 3.20 3.23 3.24 2.83 2.53 2.33 2.12 2.38 2.34
Total asset turnover 0.31 0.33 0.33 0.33 0.33 0.32 0.32 0.30 0.27 0.25 0.22 0.32 0.33 0.51 0.51 0.49 0.47 0.47 0.43 0.38 0.35 0.30 0.46 0.68
Equity turnover 0.70 0.83 0.82 0.82 0.80 0.80 0.80 0.76 0.69 0.64 0.58 0.93 0.97 1.55 1.64 1.64 1.53 1.60 1.55 1.44 1.30 1.18 1.67 1.67

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-07), 10-Q (filing date: 2020-02-06), 10-K (filing date: 2019-11-27), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-09), 10-Q (filing date: 2019-02-05), 10-K (filing date: 2018-11-21), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-Q (filing date: 2018-02-06), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-02-02), 10-K (filing date: 2016-11-23), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-06), 10-Q (filing date: 2016-02-05), 10-K (filing date: 2015-11-25), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-08), 10-Q (filing date: 2015-02-06), 10-K (filing date: 2014-11-26), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-05), 10-Q (filing date: 2014-02-10).

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 Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Becton, Dickinson & Co.’s total asset turnover ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Becton, Dickinson & Co.’s equity turnover ratio improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.

Net Fixed Asset Turnover

Becton, Dickinson & Co., net fixed asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Selected Financial Data (US$ in millions)
Revenues 3,855  4,253  4,225  4,585  4,350  4,195  4,160  4,403  4,278  4,222  3,080  3,167  3,035  2,969  2,922  3,232  3,198  3,067  2,986  3,060  3,120  2,051  2,051  2,202  2,157  2,072  2,015 
Property, plant and equipment, net 5,841  5,664  5,782  5,659  5,550  5,473  5,362  5,375  5,321  5,411  5,262  4,638  4,410  3,941  3,827  3,901  3,813  3,779  3,957  4,060  4,047  3,992  3,565  3,605  3,551  3,512  3,495 
Long-term Activity Ratio
Net fixed asset turnover1 2.90 3.07 3.00 3.06 3.08 3.11 3.18 2.97 2.77 2.50 2.33 2.61 2.76 3.13 3.25 3.20 3.23 3.24 2.83 2.53 2.33 2.12 2.38 2.34
Benchmarks
Net Fixed Asset Turnover, Competitors2
Boston Scientific Corp. 4.90 4.89 5.14 5.16 5.35 5.54 5.58 5.51 5.59 5.54 5.45 5.33 5.26 5.28 5.19 5.14 5.45 5.35 5.24 5.02
Danaher Corp. 6.68 6.35 6.03 7.78 7.31 7.43 7.75 7.92 7.97 7.74 7.60 7.47 7.35 7.20 7.13 7.17 8.06 6.85 6.89 7.28
Edwards Lifesciences Corp. 3.42 3.61 4.07 4.10 4.26 4.26 4.28 4.29 4.40 4.61 4.84 5.05 5.10 5.15 5.35 5.11 5.27 5.31 5.23 5.17
Intuitive Surgical Inc. 2.85 3.00 3.36 3.52 3.74 3.91 4.12 4.59 4.78 5.02 4.99 5.10 5.12 5.31 5.60 5.90 5.87 5.75 5.57 5.52
Medtronic PLC 6.52 6.50 6.51 6.54 6.65 6.70 6.62 6.51 6.58 6.67 6.82 6.81 5.94 5.93 5.97 5.96 6.16 5.55 4.98 4.31
Stryker Corp. 5.62 5.57 5.74 5.80 5.91 5.95 6.04 5.94 6.10 6.21 6.20 6.30 6.55 6.80 7.12 7.22 7.23 7.24 8.22 8.30
Thermo Fisher Scientific Inc. 5.50 5.37 5.42 5.38 5.71 5.66 5.88 5.85 6.01 5.84 5.42 5.17 5.04 7.39 7.31 7.09 6.91 7.18 6.98 6.93
UnitedHealth Group Inc. 30.80 30.30 29.91 27.60 27.98 26.97 27.93 26.59 27.18 26.87 25.36 28.54 29.82 30.31 29.73 31.18 32.61 33.80 33.19 32.17

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-07), 10-Q (filing date: 2020-02-06), 10-K (filing date: 2019-11-27), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-09), 10-Q (filing date: 2019-02-05), 10-K (filing date: 2018-11-21), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-Q (filing date: 2018-02-06), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-02-02), 10-K (filing date: 2016-11-23), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-06), 10-Q (filing date: 2016-02-05), 10-K (filing date: 2015-11-25), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-08), 10-Q (filing date: 2015-02-06), 10-K (filing date: 2014-11-26), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-05), 10-Q (filing date: 2014-02-10).

1 Q3 2020 Calculation
Net fixed asset turnover = (RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019) ÷ Property, plant and equipment, net
= (3,855 + 4,253 + 4,225 + 4,585) ÷ 5,841 = 2.90

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 Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.

Total Asset Turnover

Becton, Dickinson & Co., total asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Selected Financial Data (US$ in millions)
Revenues 3,855  4,253  4,225  4,585  4,350  4,195  4,160  4,403  4,278  4,222  3,080  3,167  3,035  2,969  2,922  3,232  3,198  3,067  2,986  3,060  3,120  2,051  2,051  2,202  2,157  2,072  2,015 
Total assets 53,959  53,516  51,952  51,765  52,233  52,598  52,932  53,904  53,977  54,573  55,363  37,734  37,166  24,121  24,318  25,586  26,016  26,236  26,046  26,820  27,079  28,293  18,503  12,447  12,374  12,250  12,035 
Long-term Activity Ratio
Total asset turnover1 0.31 0.33 0.33 0.33 0.33 0.32 0.32 0.30 0.27 0.25 0.22 0.32 0.33 0.51 0.51 0.49 0.47 0.47 0.43 0.38 0.35 0.30 0.46 0.68
Benchmarks
Total Asset Turnover, Competitors2
Boston Scientific Corp. 0.33 0.33 0.36 0.35 0.39 0.41 0.42 0.47 0.47 0.48 0.48 0.48 0.47 0.47 0.48 0.46 0.46 0.45 0.43 0.41
Danaher Corp. 0.28 0.27 0.26 0.29 0.30 0.35 0.38 0.42 0.41 0.40 0.40 0.39 0.39 0.38 0.38 0.37 0.44 0.37 0.41 0.43
Edwards Lifesciences Corp. 0.64 0.67 0.74 0.67 0.70 0.71 0.70 0.70 0.61 0.62 0.59 0.60 0.60 0.63 0.66 0.66 0.66 0.68 0.67 0.61
Intuitive Surgical Inc. 0.41 0.43 0.47 0.46 0.47 0.47 0.47 0.47 0.49 0.50 0.51 0.54 0.53 0.55 0.58 0.42 0.42 0.44 0.46 0.49
Medtronic PLC 0.33 0.34 0.34 0.34 0.34 0.34 0.33 0.33 0.31 0.31 0.30 0.30 0.30 0.29 0.29 0.29 0.28 0.25 0.22 0.19
Stryker Corp. 0.44 0.45 0.51 0.49 0.55 0.54 0.53 0.50 0.60 0.60 0.58 0.56 0.56 0.56 0.57 0.55 0.54 0.51 0.51 0.61
Thermo Fisher Scientific Inc. 0.44 0.43 0.44 0.44 0.44 0.43 0.44 0.43 0.43 0.42 0.39 0.37 0.35 0.41 0.41 0.40 0.37 0.42 0.40 0.41
UnitedHealth Group Inc. 1.31 1.28 1.29 1.38 1.37 1.40 1.43 1.48 1.45 1.37 1.33 1.44 1.39 1.39 1.37 1.50 1.46 1.47 1.40 1.40

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-07), 10-Q (filing date: 2020-02-06), 10-K (filing date: 2019-11-27), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-09), 10-Q (filing date: 2019-02-05), 10-K (filing date: 2018-11-21), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-Q (filing date: 2018-02-06), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-02-02), 10-K (filing date: 2016-11-23), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-06), 10-Q (filing date: 2016-02-05), 10-K (filing date: 2015-11-25), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-08), 10-Q (filing date: 2015-02-06), 10-K (filing date: 2014-11-26), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-05), 10-Q (filing date: 2014-02-10).

1 Q3 2020 Calculation
Total asset turnover = (RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019) ÷ Total assets
= (3,855 + 4,253 + 4,225 + 4,585) ÷ 53,959 = 0.31

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 deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Equity Turnover

Becton, Dickinson & Co., equity turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Selected Financial Data (US$ in millions)
Revenues 3,855  4,253  4,225  4,585  4,350  4,195  4,160  4,403  4,278  4,222  3,080  3,167  3,035  2,969  2,922  3,232  3,198  3,067  2,986  3,060  3,120  2,051  2,051  2,202  2,157  2,072  2,015 
Shareholders’ equity 24,022  20,951  21,202  21,081  21,497  21,310  21,403  20,994  21,358  21,152  21,247  12,948  12,587  7,963  7,583  7,633  8,033  7,666  7,223  7,164  7,253  7,159  5,068  5,053  5,378  5,315  5,078 
Long-term Activity Ratio
Equity turnover1 0.70 0.83 0.82 0.82 0.80 0.80 0.80 0.76 0.69 0.64 0.58 0.93 0.97 1.55 1.64 1.64 1.53 1.60 1.55 1.44 1.30 1.18 1.67 1.67
Benchmarks
Equity Turnover, Competitors2
Boston Scientific Corp. 0.65 0.65 0.78 0.77 1.07 1.07 1.08 1.13 1.17 1.23 1.32 1.29 1.16 1.20 1.22 1.25 1.26 1.28 1.19 1.18
Danaher Corp. 0.54 0.52 0.58 0.59 0.57 0.59 0.62 0.71 0.71 0.71 0.69 0.70 0.70 0.71 0.72 0.73 0.78 0.76 0.81 0.87
Edwards Lifesciences Corp. 1.04 1.13 1.15 1.05 1.09 1.13 1.11 1.19 1.08 1.12 1.06 1.16 1.05 1.10 1.15 1.13 1.07 1.11 1.13 1.00
Intuitive Surgical Inc. 0.47 0.50 0.54 0.54 0.55 0.56 0.55 0.56 0.57 0.59 0.60 0.66 0.60 0.63 0.67 0.47 0.47 0.49 0.52 0.55
Medtronic PLC 0.60 0.61 0.61 0.61 0.61 0.61 0.60 0.59 0.59 0.58 0.59 0.59 0.59 0.58 0.57 0.55 0.56 0.50 0.44 0.38
Stryker Corp. 1.10 1.10 1.14 1.16 1.18 1.19 1.19 1.16 1.35 1.38 1.38 1.25 1.16 1.19 1.21 1.19 1.17 1.15 1.14 1.17
Thermo Fisher Scientific Inc. 0.90 0.88 0.90 0.86 0.86 0.87 0.89 0.88 0.89 0.87 0.84 0.82 0.80 0.86 0.86 0.85 0.83 0.83 0.83 0.79
UnitedHealth Group Inc. 3.85 3.87 4.29 4.17 4.33 4.41 4.44 4.35 4.37 4.40 4.34 4.19 4.32 4.44 4.49 4.81 4.78 4.82 4.70 4.62

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-07), 10-Q (filing date: 2020-02-06), 10-K (filing date: 2019-11-27), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-09), 10-Q (filing date: 2019-02-05), 10-K (filing date: 2018-11-21), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-Q (filing date: 2018-02-06), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-02-02), 10-K (filing date: 2016-11-23), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-06), 10-Q (filing date: 2016-02-05), 10-K (filing date: 2015-11-25), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-08), 10-Q (filing date: 2015-02-06), 10-K (filing date: 2014-11-26), 10-Q (filing date: 2014-08-04), 10-Q (filing date: 2014-05-05), 10-Q (filing date: 2014-02-10).

1 Q3 2020 Calculation
Equity turnover = (RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019) ÷ Shareholders’ equity
= (3,855 + 4,253 + 4,225 + 4,585) ÷ 24,022 = 0.70

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 Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.