CDW Corp (CDW)
Total 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 |
| Total assets | US$ in thousands | 14,678,400 | 14,376,700 | 13,638,700 | 13,192,800 | 13,284,600 | 12,875,300 | 12,985,900 | 12,768,100 | 13,131,500 | 13,475,600 | 13,653,100 | 13,513,800 | 13,199,400 | 9,011,600 | 8,990,900 | 9,053,500 | 9,344,700 | 9,223,700 | 8,749,500 | 8,222,400 |
| Total asset turnover | 1.43 | 1.45 | 1.54 | 1.60 | 1.61 | 1.69 | 1.72 | 1.79 | 1.81 | 1.77 | 1.68 | 1.62 | 1.58 | 2.25 | 2.19 | 2.09 | 1.98 | 1.96 | 2.08 | 2.25 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $20,998,700K ÷ $14,678,400K
= 1.43
The total asset turnover of CDW Corp has shown fluctuations over the past few years, ranging from a high of 2.25 in March 2020 to a low of 1.43 in December 2024. A higher total asset turnover indicates that the company is generating more revenue relative to its total assets, which is generally a positive sign of efficiency in asset utilization.
In the earlier years, the total asset turnover remained relatively stable above 2, suggesting efficient management of assets to generate sales. However, from December 2021 onwards, there was a downward trend in the total asset turnover, reaching its lowest point in December 2024. This decline may indicate challenges in effectively utilizing assets to drive revenue growth or potential inefficiencies in operational activities.
It is important for CDW Corp to closely monitor and analyze the factors contributing to the declining trend in total asset turnover to identify areas for improvement in asset management and operational efficiency. By addressing these issues, the company can work towards optimizing its asset turnover and enhancing overall financial performance.
Peer comparison
Dec 31, 2024