CDW Corp (CDW)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 2,042,500 1,810,000 1,613,200 1,568,900 1,603,300 1,326,000 1,106,200 893,100 705,700 837,000 1,048,800 1,170,300 1,297,100 1,238,500 1,055,600 889,700 960,300 935,100 936,100 927,300
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%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,104,300K ÷ $2,042,500K
= 54.07%

CDW Corp's return on equity (ROE) has shown a declining trend over the past quarters. The ROE decreased from 112.66% in Q1 2022 to 54.07% in Q4 2023. This downward trend indicates a potential decrease in the company's profitability relative to its shareholders' equity. It's essential to investigate the reasons behind this decline in ROE, as it could be attributed to factors such as changes in net income, asset utilization, or leverage ratios. Further analysis is required to understand the underlying causes and implications of CDW Corp's decreasing ROE.