CDW Corp (CDW)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,658,400 | 1,684,400 | 1,680,800 | 1,659,300 | 1,680,200 | 1,687,800 | 1,675,800 | 1,699,100 | 1,729,800 | 1,669,300 | 1,589,700 | 1,527,500 | 1,465,100 | 1,421,100 | 1,352,100 | 1,262,800 | 1,184,100 | 1,130,800 | 1,133,600 | 1,150,500 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,352,700 | 2,349,300 | 2,174,900 | 2,138,700 | 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 |
| Return on total capital | 70.49% | 71.70% | 77.28% | 77.58% | 82.26% | 93.25% | 103.88% | 108.30% | 107.89% | 125.89% | 143.71% | 171.03% | 207.61% | 169.78% | 128.92% | 107.90% | 91.29% | 91.30% | 107.39% | 129.31% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,658,400K ÷ ($—K + $2,352,700K)
= 70.49%
CDW Corp's return on total capital fluctuated over the period from March 31, 2020, to December 31, 2024. Initially, the company experienced a significant increase in return on total capital, reaching a peak of 207.61% by December 31, 2021. Subsequently, the return on total capital gradually decreased, demonstrating some volatility but generally trending downwards. As of December 31, 2024, the return on total capital stood at 70.49%.
These fluctuations in return on total capital suggest that CDW Corp's effectiveness in generating profits relative to the total capital employed has varied over time. It is important for investors and stakeholders to monitor these changes closely to assess the company's operational efficiency and overall financial performance.
Peer comparison
Dec 31, 2024