Name: Fixed Asset Turnover

Definition: Fixed asset turnover shows how well the company’s long-term physical assets — factories, equipment, property — are being used to generate sales. A high ratio means the company’s facilities are productive and efficient. A low ratio might signal underused assets or over-investment in equipment that isn’t driving enough sales.

Interpretation:
• In '2021', CDW's fixed asset turnover was 59.25, illustrating how efficiently fixed assets are generating revenue. Industry average for Catalog/Specialty Distribution in '2021' stood at 6.37.
• In '2022', CDW's fixed asset turnover was 68.90, illustrating how efficiently fixed assets are generating revenue. The increase since '2021' reflects strengthening financial performance. Industry average for Catalog/Specialty Distribution in '2022' stood at 6.50. Industry average increased by 0.13 compared to previous year.
• In '2023', CDW's fixed asset turnover was 64.55, illustrating how efficiently fixed assets are generating revenue. The decline from '2022' may indicate some operational or financial challenges. Industry average for Catalog/Specialty Distribution in '2023' stood at 6.37. Industry average declined by 0.13 from previous year.
• In '2024', CDW's fixed asset turnover was 65.98, illustrating how efficiently fixed assets are generating revenue. The increase since '2023' reflects strengthening financial performance. Industry average for Catalog/Specialty Distribution in '2024' stood at 6.03. Industry average declined by 0.35 from previous year.
Overall, CDW's fixed asset turnover has steadily improved over the past 4 years.

Formula: Fixed Asset Turnover = Net Sales / Net Fixed Assets

Good Range: Ranges from 1 to 5 depending on asset intensity.