CDW Corp (CDW)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 20,998,700 | 20,831,200 | 20,942,900 | 21,145,600 | 21,376,000 | 21,795,800 | 22,383,000 | 22,902,700 | 23,748,700 | 23,847,300 | 22,931,800 | 21,932,400 | 20,820,800 | 20,240,100 | 19,696,500 | 18,915,800 | 18,467,500 | 18,048,200 | 18,199,500 | 18,463,700 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 194,400 | 187,400 | 188,800 | 188,000 | 194,700 | 195,600 | 351,400 | 179,300 | 300,800 | 175,500 | 175,500 | 268,000 | 326,500 | 331,900 |
| Fixed asset turnover | — | — | — | — | — | — | 115.14 | 122.21 | 125.79 | 126.85 | 117.78 | 112.13 | 59.25 | 112.88 | 65.48 | 107.78 | 105.23 | 67.34 | 55.74 | 55.63 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $20,998,700K ÷ $—K
= —
Fixed asset turnover ratio measures how efficiently a company is generating sales from its fixed assets. A higher fixed asset turnover ratio indicates better utilization of fixed assets to generate revenues.
Looking at the historical data of CDW Corp's fixed asset turnover, we observe a fluctuating trend over the past few years. The ratio stood at around 55 to 67 in the first half of 2020, indicating a relatively steady performance. However, by the end of 2020 and into 2021, there was a significant improvement, with the ratio reaching over 100, suggesting a more efficient utilization of fixed assets to drive sales.
In the subsequent quarters, the ratio dipped but remained relatively high, indicating continued efficiency in utilizing fixed assets. By the end of 2022 and into the first half of 2023, the ratio experienced a substantial increase, peaking at around 127. This surge suggests a significant boost in revenue generation from fixed assets during this period.
The lack of data for the latter half of 2023 and onward makes it challenging to provide a complete analysis. However, based on the available data, CDW Corp has shown fluctuations in its fixed asset turnover ratio, with periods of both stability and significant improvements in asset utilization for revenue generation.
Peer comparison
Dec 31, 2024