CDW Corp (CDW)
Total 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 |
| Total assets | US$ in thousands | 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 | 7,999,400 | 7,703,100 | 7,921,900 | 7,679,500 |
| Total asset turnover | 1.59 | 1.67 | 1.71 | 1.78 | 1.79 | 1.75 | 1.67 | 1.61 | 1.57 | 2.23 | 2.18 | 2.08 | 1.96 | 1.94 | 2.07 | 2.23 | 2.24 | 2.27 | 2.14 | 2.15 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $21,149,400K ÷ $13,284,600K
= 1.59
CDW Corp's total asset turnover ratio has shown fluctuations over the past eight quarters, ranging from a low of 1.61 in Q4 2023 to a high of 1.81 in Q4 2022. The ratio measures how efficiently the company is generating revenue from its total assets, indicating the company's ability to utilize its assets to generate sales. A higher total asset turnover ratio typically reflects better asset utilization.
The decreasing trend from Q4 2022 to Q4 2023 may suggest potential inefficiencies in asset management or a decline in sales relative to the total assets employed. However, the ratio has remained above 1.5 throughout the periods analyzed, indicating that CDW Corp is generally efficient in generating revenue from its assets.
Further analysis would be required to determine the specific factors driving the fluctuations in the total asset turnover ratio and identify areas for improvement in asset utilization or revenue generation strategies.
Peer comparison
Dec 31, 2023