CDW Corp (CDW)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 22.00% | 21.70% | 21.16% | 20.61% | 19.93% | 18.97% | 18.31% | 17.82% | 17.26% | 17.25% | 17.28% | 17.28% | 17.49% | 17.33% | 17.13% | 17.03% | 16.97% | 16.94% | 16.86% | 16.84% |
| Operating profit margin | 7.95% | 7.85% | 7.59% | 7.52% | 7.38% | 6.89% | 6.81% | 6.81% | 6.87% | 7.01% | 6.86% | 6.68% | 6.43% | 6.31% | 6.27% | 6.27% | 6.33% | 6.26% | 6.19% | 6.14% |
| Pretax margin | 6.86% | 6.73% | 6.46% | 6.41% | 6.33% | 5.90% | 5.92% | 6.16% | 6.28% | 6.49% | 6.15% | 5.74% | 5.46% | 5.26% | 5.28% | 5.29% | 5.30% | 5.27% | 5.31% | 5.26% |
| Net profit margin | 5.22% | 5.08% | 4.87% | 4.83% | 4.74% | 4.41% | 4.45% | 4.62% | 4.78% | 5.02% | 4.79% | 4.54% | 4.30% | 4.10% | 4.12% | 4.10% | 4.11% | 4.07% | 4.09% | 4.06% |
CDW Corp's profitability ratios have shown a positive trend over the past eight quarters. The gross profit margin has been increasing steadily, reaching 21.76% in Q4 2023, indicating improved efficiency in generating sales revenue after accounting for the cost of goods sold. This improvement suggests effective management of production costs and pricing strategies.
Similarly, the operating profit margin has also increased, reaching 7.86% in Q4 2023, reflecting efficient management of operating expenses such as selling, general, and administrative costs. This indicates that CDW Corp has been able to increase operational efficiency and control costs to enhance profitability.
The pretax margin and net profit margin have also shown consistent improvement, reaching 6.78% and 5.17% in Q4 2023, respectively. These ratios indicate the company's ability to generate profits after accounting for all expenses, including interest and taxes. The increasing trend in these margins suggests that CDW Corp has been successful in managing expenses effectively and improving overall profitability.
Overall, the increasing trend in profitability ratios reflects CDW Corp's improving operational efficiency and financial performance over the past eight quarters. Continued focus on cost control and revenue generation strategies may further enhance the company's profitability in the future.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 8.31% | 8.51% | 8.30% | 8.57% | 8.49% | 7.74% | 7.41% | 7.45% | 7.49% | 11.23% | 10.43% | 9.42% | 8.44% | 7.98% | 8.51% | 9.14% | 9.21% | 9.22% | 8.74% | 8.71% |
| Return on total capital | 23.76% | 22.65% | 22.91% | 23.28% | 23.23% | 21.92% | 20.40% | 20.01% | 19.02% | 28.96% | 27.09% | 24.73% | 22.88% | 22.19% | 23.05% | 26.58% | 26.71% | 26.05% | 24.99% | 24.18% |
| Return on equity (ROE) | 54.07% | 60.52% | 66.81% | 69.76% | 69.51% | 78.63% | 91.43% | 112.66% | 140.09% | 120.86% | 89.45% | 72.90% | 60.79% | 59.41% | 70.51% | 84.50% | 76.73% | 75.98% | 73.98% | 72.13% |
CDW Corp's profitability ratios show a generally positive trend over the past eight quarters.
The Operating Return on Assets (Operating ROA) has been relatively stable, ranging from 10.97% to 13.34%. This indicates that the company is generating consistent operating income relative to its asset base.
The overall Return on Assets (ROA) has also been fairly steady, varying between 7.41% and 8.57%. This metric suggests that CDW Corp is effectively utilizing its assets to generate profits.
The Return on Total Capital has shown an improving trend, increasing from 19.79% to 23.13%. This signifies that the company is generating higher returns on the total capital invested in the business.
The Return on Equity (ROE) has exhibited significant fluctuation, but with an overall upward trajectory. The ratio has ranged from 54.07% to 112.66%, indicating that CDW Corp is efficiently utilizing shareholders' equity to generate profits, with particularly notable increases in recent quarters.
Overall, CDW Corp's profitability ratios demonstrate consistent operational efficiency and an improving ability to generate returns for both investors and shareholders, highlighting a strong financial performance.