GURUFOCUS.COM » STOCK LIST » USA » NYSE » Becton, Dickinson and Co (NYSE:BDX) » Definitions » Piotroski F-Score
Switch to:

Becton, Dickinson and Co Piotroski F-Score

: 7 (As of Today)
View and export this data going back to 1963. Start your Free Trial

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Becton, Dickinson and Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Becton, Dickinson and Co's Piotroski F-Score or its related term are showing as below:

BDX' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Becton, Dickinson and Co was 9. The lowest was 1. And the median was 7.


Becton, Dickinson and Co Piotroski F-Score Historical Data

The historical data trend for Becton, Dickinson and Co's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Becton, Dickinson and Co Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 4.00 8.00 6.00 8.00

Becton, Dickinson and Co Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 7.00 8.00 6.00 7.00

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Becton, Dickinson and Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Becton, Dickinson and Co Piotroski F-Score Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Becton, Dickinson and Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Becton, Dickinson and Co's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar22) TTM:Last Year (Mar21) TTM:
Net Income was 525 + 265 + 677 + 454 = $1,921 Mil.
Cash Flow from Operations was 975 + 951 + 674 + 444 = $3,044 Mil.
Revenue was 4890 + 5135 + 4995 + 5011 = $20,031 Mil.
Gross Profit was 2161 + 2287 + 2423 + 2305 = $9,176 Mil.
Average Total Assets from the begining of this year (Mar21)
to the end of this year (Mar22) was
(54921 + 54333 + 53866 + 53363 + 54786) / 5 = $54253.8 Mil.
Total Assets at the begining of this year (Mar21) was $54,921 Mil.
Long-Term Debt & Capital Lease Obligation was $17,584 Mil.
Total Current Assets was $10,152 Mil.
Total Current Liabilities was $6,657 Mil.
Net Income was 286 + 128 + 1003 + 299 = $1,716 Mil.

Revenue was 3855 + 4784 + 5315 + 4907 = $18,861 Mil.
Gross Profit was 1660 + 2206 + 2732 + 2246 = $8,844 Mil.
Average Total Assets from the begining of last year (Mar20)
to the end of last year (Mar21) was
(53516 + 53959 + 54012 + 54748 + 54921) / 5 = $54231.2 Mil.
Total Assets at the begining of last year (Mar20) was $53,516 Mil.
Long-Term Debt & Capital Lease Obligation was $17,718 Mil.
Total Current Assets was $10,000 Mil.
Total Current Liabilities was $5,376 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Becton, Dickinson and Co's current Net Income (TTM) was 1,921. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Becton, Dickinson and Co's current Cash Flow from Operations (TTM) was 3,044. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar21)
=1921/54921
=0.03497751

ROA (Last Year)=Net Income/Total Assets (Mar20)
=1716/53516
=0.03206518

Becton, Dickinson and Co's return on assets of this year was 0.03497751. Becton, Dickinson and Co's return on assets of last year was 0.03206518. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Becton, Dickinson and Co's current Net Income (TTM) was 1,921. Becton, Dickinson and Co's current Cash Flow from Operations (TTM) was 3,044. ==> 3,044 > 1,921 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=17584/54253.8
=0.32410633

Gearing (Last Year: Mar21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar20 to Mar21
=17718/54231.2
=0.3267123

Becton, Dickinson and Co's gearing of this year was 0.32410633. Becton, Dickinson and Co's gearing of last year was 0.3267123. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar22)=Total Current Assets/Total Current Liabilities
=10152/6657
=1.52501127

Current Ratio (Last Year: Mar21)=Total Current Assets/Total Current Liabilities
=10000/5376
=1.86011905

Becton, Dickinson and Co's current ratio of this year was 1.52501127. Becton, Dickinson and Co's current ratio of last year was 1.86011905. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Becton, Dickinson and Co's number of shares in issue this year was 287.299. Becton, Dickinson and Co's number of shares in issue last year was 293.547. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=9176/20031
=0.45808996

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8844/18861
=0.46890409

Becton, Dickinson and Co's gross margin of this year was 0.45808996. Becton, Dickinson and Co's gross margin of last year was 0.46890409. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar21)
=20031/54921
=0.36472388

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar20)
=18861/53516
=0.35243665

Becton, Dickinson and Co's asset turnover of this year was 0.36472388. Becton, Dickinson and Co's asset turnover of last year was 0.35243665. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+1+0+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Becton, Dickinson and Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Becton, Dickinson and Co  (NYSE:BDX) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Becton, Dickinson and Co Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Becton, Dickinson and Co's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Becton, Dickinson and Co Business Description

Becton, Dickinson and Co logo
Address
1 Becton Drive, Franklin Lakes, NJ, USA, 07417-1880
Becton, Dickinson is the world's largest manufacturer and distributor of medical surgical products, such as needles, syringes, and sharps-disposal units. The company also manufactures diagnostic instruments and reagents, as well as flow cytometry and cell-imaging systems. BD Interventional (largely the former Bard business) accounts for 23% of revenue. International revenue accounts for 44% of the company's business.
Executives
Hickey David officer: EVP & President, Life Sciences BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417
Neal Shana Carol officer: Chief People Officer 9120 LOCKWOOD BOULEVARD MECHANICSVILLE VA 23116
Ezell Antoine C officer: EVP, President, NA & CMO BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417
Spoerel Thomas J officer: VP Controller & Chief Acct Off BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417
Brown William M director HARRIS CORPORATION 1025 W NASA BOULEVARD MELBOURNE FL 32919
Larson Betty D officer: EVP HR & CHRO C/O C. R. BARD, INC. 730 CENTRAL AVENUE MURRAY HILL NJ 07974
Khichi Samrat S. officer: EVP and General Counsel C/O CATALENT, INC. 14 SCHOOLHOUSE ROAD SOMERSET NJ 08873
Conroy Alexandre officer: EVP of Integrated Supply Chain BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417
Campion Simon D officer: EVP and Segment President BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417
Scott Bertram L director C/O BECTON DICKERSON & CO 1 BECTON DR FRANKLIN LAKES NJ 07417
Jones Christopher Ian Montague director 110, BANBURY ROAD OXFORD X0 OX2 6JU
Pomeroy Claire director BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417
Fraser Claire director C/O BECTON, DICKINSON AND COMPANY FRANKLIN LAKES NJ 07465
Melcher David F director 1650 TYSONS BOULEVARD SUITE 1700 MCLEAN VA 22102
Byington Carrie L director BECTON, DICKINSON AND COMPANY 1 BECTON DRIVE FRANKLIN LAKES NJ 07417

Becton, Dickinson and Co Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)