CDW Corp (CDW)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,104,300 | 1,114,500 | 988,600 | 788,500 | 736,800 |
| Total assets | US$ in thousands | 13,284,600 | 13,131,500 | 13,199,400 | 9,344,700 | 7,999,400 |
| ROA | 8.31% | 8.49% | 7.49% | 8.44% | 9.21% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,104,300K ÷ $13,284,600K
= 8.31%
CDW Corp's return on assets (ROA) has shown fluctuation over the past five years, ranging from 7.49% in 2021 to 9.21% in 2019. The ROA decreased to 8.31% in 2023 from 8.49% in the previous year. Generally, a higher ROA indicates that the company is more efficient in generating profits from its assets. While CDW Corp's ROA has experienced some variability, it remains relatively stable, suggesting that the company's asset utilization and profitability are reasonably consistent over the years. Further analysis would be needed to understand the factors driving these fluctuations and to assess the company's overall financial performance and efficiency in utilizing its assets.
Peer comparison
Dec 31, 2023