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.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROA

CDW Corp

CDW

8.31%

Amazon.com Inc

AMZN

5.76%

Insight Enterprises Inc