CDW (CDW) ROCE %

: 21.79% (As of Dec. 2023)

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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. CDW's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.79%.

CDW ROCE % Historical Data

The historical data trend for CDW's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CDW Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.00

23.25

21.38

21.16

20.92

CDW Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															21.62	17.51	20.61	23.74	21.79

CDW ROCE % Calculation

CDW's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1676.8	/	( ( (13131.5 - 4947.1)	+	(13284.6 - 5442) )	/ 2 )
	=	1676.8	/	( (8184.4	+	7842.6)	/ 2 )
	=	1676.8	/	8013.5
	=	20.92 %

CDW's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1736	/	( ( (12875.3 - 4782.1)	+	(13284.6 - 5442) )	/ 2 )
	=	1736	/	( ( 8093.2	+	7842.6 )	/ 2 )
	=	1736	/	7967.9
	=	21.79 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

CDW (NAS:CDW) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

CDW ROCE % Related Terms

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CDW (CDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CDW Corp (NAS:CDW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CDW:Germany C1DW34:Brazil

Address

75 Tri-State International, Lincolnshire, Chicago, IL, USA, 60069

Website

https://www.cdw.com

CDW Corp is a value-added reseller operating in the U.S. (95% of sales) and Canada (5%). The company has more than 100,000 products on its line of cards that range from notebooks to data center software. Roughly half of CDW's revenue comes from midsize and large businesses, with the remaining from small businesses, government agencies, education institutions, and health-care organizations.

Executives

Christina M Corley	officer: See Remarks	780 AEC DRIVE, WOOD DALE IL 60191
Christine A Leahy	officer: See Remarks
Kelly J Grier	director	155 HARLEM AVE., GLENVIEW IL 60025
Donna F Zarcone	director	C/O HARLEY DAVIDSON, 3700 W. JUNEAU AVE, MILWAUKEE WI 53208
Marc Ellis Jones	director	C/O GARDNER DENVER HOLDINGS, INC., 222 EAST ERIE STREET, MILWAUKEE WI 53202
Carolyn Wiesenhahn	officer: See Remarks	200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Peter R Locy	officer: See Remarks	200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Miralles Albert Joseph Jr	officer: See Remarks	151 N. FRANKLIN, CHICAGO IL 60606
Paul J Finnegan	director, 10 percent owner	PO BOX 2000, 3905 DAKOTA STREET SW, ALEXANDRIA MN 56308
Kebo Collin B.	officer: See Remarks	200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Frederick J. Kulevich	officer: See Remarks	200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061
Sanjay Mehrotra	director	C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Anthony R Foxx	director	2710 WYCLIFF ROAD, RALEIGH NC 27607
Ilaria Mocciaro	officer: See Remarks	2301 PATRIOT BLVD, GLENVIEW IL 60026
Matthew A. Troka	officer: See Remarks	200 N. MILWAUKEE AVENUE, VERNON HILLS IL 60061