CDW Corp (CDW)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,680,900 | 1,692,500 | 1,680,500 | 1,703,600 | 1,735,200 | 1,627,900 | 1,547,900 | 1,482,500 | 1,419,000 | 1,411,900 | 1,343,300 | 1,256,800 | 1,179,200 | 1,130,800 | 1,133,600 | 1,150,500 | 1,133,600 | 1,092,700 | 1,046,900 | 1,012,100 |
| 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 |
| Operating ROA | 12.65% | 13.15% | 12.94% | 13.34% | 13.21% | 12.08% | 11.34% | 10.97% | 10.75% | 15.67% | 14.94% | 13.88% | 12.62% | 12.26% | 12.96% | 13.99% | 14.17% | 14.19% | 13.22% | 13.18% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,680,900K ÷ $13,284,600K
= 12.65%
The operating return on assets (operating ROA) for CDW Corp has shown a generally positive trend over the past eight quarters. In Q1 2022, the operating ROA was 10.97%, which increased steadily over the following quarters to reach its peak at 13.34% in Q1 2023. However, there was a slight dip in Q2 2023 to 12.94% before climbing back up to 13.15% in Q3 2023. The most recent data point for Q4 2023 shows the operating ROA at 12.65%.
Overall, CDW Corp has maintained a relatively strong operating ROA performance, consistently above 10%. This indicates that the company is effectively generating operating profits relative to its total assets, reflecting strong operational efficiency and profitability. It is essential for CDW Corp to continue monitoring and optimizing its asset utilization to sustain and potentially improve its operating ROA in the future.
Peer comparison
Dec 31, 2023