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.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROE

CDW Corp

CDW

54.07%

Amazon.com Inc

AMZN

15.07%

Insight Enterprises Inc