CDW Corp (CDW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 20,998,700 | 21,376,000 | 23,748,700 | 20,820,800 | 18,467,500 |
| Total assets | US$ in thousands | 14,678,400 | 13,284,600 | 13,131,500 | 13,199,400 | 9,344,700 |
| Total asset turnover | 1.43 | 1.61 | 1.81 | 1.58 | 1.98 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $20,998,700K ÷ $14,678,400K
= 1.43
The total asset turnover ratio for CDW Corp has displayed a fluctuating trend over the past five years. Starting at 1.98 in December 31, 2020, it decreased to 1.58 by December 31, 2021, indicating a reduction in efficiency in generating sales from total assets. However, there was a subsequent increase to 1.81 by December 31, 2022, signifying improved asset utilization. This improvement was short-lived as the ratio fell again to 1.61 by December 31, 2023, suggesting a decline in sales generated per total asset. The most recent data point, December 31, 2024, shows a further decrease to 1.43, indicating a potential continuation of the decreasing trend in asset turnover efficiency. Overall, the total asset turnover ratio of CDW Corp has experienced variability, with periods of improvement followed by declines in the efficiency of generating sales from its total asset base.
Peer comparison
Dec 31, 2024