CDW Corp (CDW)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,652,400 | 4,686,600 | 3,568,500 | 3,210,100 | 3,039,900 |
| Revenue | US$ in thousands | 21,149,400 | 23,513,000 | 20,669,900 | 18,312,600 | 17,873,000 |
| Gross profit margin | 22.00% | 19.93% | 17.26% | 17.53% | 17.01% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,652,400K ÷ $21,149,400K
= 22.00%
CDW Corp's gross profit margin has shown a consistent improvement over the past five years. The gross profit margin increased from 16.86% in 2019 to 21.76% in 2023. This upward trend indicates that the company has been able to effectively control its cost of goods sold relative to its revenue, resulting in a higher percentage of revenue retained as gross profit. The steady improvement in gross profit margin suggests better efficiency in generating revenue and managing production costs, which is a positive sign for the company's profitability and operational effectiveness. It is notable that the company has been able to maintain this positive trajectory despite potential economic fluctuations and challenges in the market.
Peer comparison
Dec 31, 2023