CDW Corp (CDW)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,680,900 | 1,735,200 | 1,419,000 | 1,179,200 | 1,133,600 |
| Total assets | US$ in thousands | 13,284,600 | 13,131,500 | 13,199,400 | 9,344,700 | 7,999,400 |
| Operating ROA | 12.65% | 13.21% | 10.75% | 12.62% | 14.17% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,680,900K ÷ $13,284,600K
= 12.65%
CDW Corp's operating return on assets (operating ROA) has shown fluctuations over the past five years. In 2023, the operating ROA decreased to 12.65% from 13.21% in 2022. Despite this decrease, the operating ROA remains relatively strong compared to 2021 when it was 10.75%. In 2020, the operating ROA was slightly higher at 12.62%, and in 2019, it was the highest at 14.17%.
Overall, CDW Corp's operating ROA has demonstrated some variability but has generally been above 10% in recent years, indicating efficient utilization of assets to generate operating income. This metric should be further analyzed in conjunction with other financial ratios and contextual information to assess the company's overall financial performance and operational efficiency.
Peer comparison
Dec 31, 2023