Becton Dickinson (LTS:0R19) Receivables Turnover : 1.96 (As of Dec. 2023)

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What is Becton Dickinson Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Becton Dickinson's Revenue for the three months ended in Dec. 2023 was $4,706 Mil. Becton Dickinson's average Accounts Receivable for the three months ended in Dec. 2023 was $2,401 Mil. Hence, Becton Dickinson's Receivables Turnover for the three months ended in Dec. 2023 was 1.96.

Becton Dickinson Receivables Turnover Historical Data

The historical data trend for Becton Dickinson's Receivables Turnover 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.

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Becton Dickinson Receivables Turnover Chart

Becton Dickinson Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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7.41

6.78

8.06

8.31

8.20

Becton Dickinson Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.05	2.05	2.02	2.06	1.96

Competitive Comparison of Becton Dickinson's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Becton Dickinson's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Becton Dickinson's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Becton Dickinson's Receivables Turnover falls into.

Becton Dickinson Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Becton Dickinson's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	19372	/ (	(2191	+	2534)	/	2 )
=	19372	/	2362.5
=	8.20

Becton Dickinson's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	4706	/ (	(2534	+	2267)	/	2 )
=	4706	/	2400.5
=	1.96

Becton Dickinson (LTS:0R19) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Becton Dickinson Receivables Turnover Related Terms

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Becton Dickinson (LTS:0R19) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Becton Dickinson & Co (LTS:0R19) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BDX:USA BDX:Mexico 1BDX:Italy BOX:Germany B1DX34:Brazil

Address

1 Becton Drive, Franklin Lakes, NJ, USA, 07417-1880

Website

https://www.bd.com

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 pre-filled devices, diagnostic instruments and reagents, as well as flow cytometry and cell-imaging systems. BD Medical is nearly half of the total business, while BD Life Sciences (26% of estimated 2023 revenue) and BD Interventional (25%) account for the remainder. International revenue accounts for 43% of the company's business.

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