CDW Corp (CDW)

Return on assets (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
Net income (ttm) US$ in thousands 1,104,300 1,095,400 1,077,700 1,094,400 1,114,500 1,042,600 1,011,400 1,006,200 988,600 1,011,600 938,200 853,200 788,500 735,800 744,300 751,800 736,800 710,500 692,500 668,900
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
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,104,300K ÷ $13,284,600K
= 8.31%

CDW Corp's return on assets (ROA) has shown a consistent upward trend over the past eight quarters. The ROA for CDW Corp has ranged from 7.41% to 8.57% during this period. This indicates that the company has been effectively generating profits relative to its total assets. The gradual increase in ROA suggests that CDW Corp has been improving its efficiency in generating earnings from its asset base. Overall, the consistent increase in ROA reflects positively on the company's operational performance and management's ability to utilize assets effectively to generate profits.