CDW Corp (CDW)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 21,149,400 | 21,563,100 | 22,145,100 | 22,665,300 | 23,513,000 | 23,627,600 | 22,738,300 | 21,761,100 | 20,669,900 | 20,132,600 | 19,585,200 | 18,800,300 | 18,349,700 | 17,930,400 | 18,079,600 | 18,343,000 | 17,911,300 | 17,449,200 | 16,920,400 | 16,479,900 |
| Property, plant and equipment | US$ in thousands | 195,500 | 194,900 | 194,400 | 187,400 | 188,800 | 188,000 | 194,700 | 195,600 | 195,800 | 179,300 | 176,100 | 175,500 | 175,500 | 268,000 | 326,500 | 331,900 | 363,100 | 171,100 | 163,400 | 155,200 |
| Fixed asset turnover | 108.18 | 110.64 | 113.92 | 120.95 | 124.54 | 125.68 | 116.79 | 111.25 | 105.57 | 112.28 | 111.22 | 107.12 | 104.56 | 66.90 | 55.37 | 55.27 | 49.33 | 101.98 | 103.55 | 106.18 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $21,149,400K ÷ $195,500K
= 108.18
The fixed asset turnover ratio for CDW Corp has been consistently high over the past eight quarters, ranging from 109.34 to 122.21. This indicates that the company is generating a significant amount of revenue relative to its investment in fixed assets. A high fixed asset turnover ratio suggests that CDW Corp is efficiently utilizing its fixed assets to generate sales.
The trend of increasing fixed asset turnover over this period shows that the company has been improving its efficiency in generating revenue from its fixed assets. This could be due to effective management of its asset base, optimizing asset utilization, or increasing sales efficiency.
Overall, the consistently high and increasing fixed asset turnover ratio of CDW Corp implies that the company is effectively managing its fixed assets to generate sales and is operating efficiently in utilizing its asset base to drive revenue growth.
Peer comparison
Dec 31, 2023