CDW Operating Income vs Depreciation And Amortization Analysis

CDW Stock  USD 231.57  4.08  1.73%   
CDW Corp financial indicator trend analysis is way more than just evaluating CDW Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CDW Corp is a good investment. Please check the relationship between CDW Corp Operating Income and its Depreciation And Amortization accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CDW Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy CDW Stock please use our How to Invest in CDW Corp guide.

Operating Income vs Depreciation And Amortization

Operating Income vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CDW Corp Operating Income account and Depreciation And Amortization. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between CDW Corp's Operating Income and Depreciation And Amortization is -0.02. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of CDW Corp, assuming nothing else is changed. The correlation between historical values of CDW Corp's Operating Income and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of CDW Corp are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Operating Income i.e., CDW Corp's Operating Income and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

-0.02
Relationship DirectionNegative 
Relationship StrengthInsignificant

Operating Income

Operating Income is the amount of profit realized from CDW Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of CDW Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from CDW Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CDW Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CDW Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy CDW Stock please use our How to Invest in CDW Corp guide.At this time, CDW Corp's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 20.02 in 2024, whereas Tax Provision is likely to drop slightly above 280 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit3.6B4.7B4.7B4.9B
Total Revenue20.8B23.7B21.4B22.4B

CDW Corp fundamental ratios Correlations

0.890.650.970.780.780.9-0.450.960.470.95-0.380.470.980.110.770.940.890.990.70.970.620.350.30.890.57
0.890.70.790.470.670.95-0.680.770.30.92-0.10.30.820.220.850.780.780.930.420.80.390.30.250.750.63
0.650.70.660.440.740.54-0.580.610.430.510.260.430.690.330.950.570.70.660.260.72-0.090.460.450.350.71
0.970.790.660.820.830.8-0.31.00.530.85-0.380.531.0-0.030.760.950.830.950.760.990.630.30.250.880.6
0.780.470.440.820.590.49-0.020.80.550.66-0.650.550.820.140.460.790.790.70.760.820.640.530.470.70.24
0.780.670.740.830.590.65-0.440.790.40.67-0.170.40.820.070.760.720.740.780.740.820.380.270.240.590.85
0.90.950.540.80.490.65-0.620.790.150.97-0.20.150.820.170.70.810.770.940.490.780.510.230.190.790.59
-0.45-0.68-0.58-0.3-0.02-0.44-0.62-0.25-0.06-0.54-0.28-0.06-0.35-0.67-0.61-0.17-0.63-0.51-0.09-0.340.07-0.36-0.38-0.09-0.58
0.960.770.611.00.80.790.79-0.250.510.84-0.410.510.99-0.10.730.950.790.940.750.980.660.270.210.90.58
0.470.30.430.530.550.40.15-0.060.510.26-0.31.00.49-0.010.460.380.460.430.460.610.350.20.170.450.07
0.950.920.510.850.660.670.97-0.540.840.26-0.390.260.870.20.660.860.850.960.610.840.620.320.270.840.52
-0.38-0.10.26-0.38-0.65-0.17-0.2-0.28-0.41-0.3-0.39-0.3-0.350.10.16-0.39-0.33-0.31-0.72-0.34-0.84-0.12-0.02-0.530.16
0.470.30.430.530.550.40.15-0.060.511.00.26-0.30.49-0.010.460.380.460.430.460.610.350.20.170.450.07
0.980.820.691.00.820.820.82-0.350.990.490.87-0.350.490.030.780.950.860.960.720.990.590.360.310.860.61
0.110.220.33-0.030.140.070.17-0.67-0.1-0.010.20.1-0.010.030.22-0.140.510.1-0.060.03-0.240.670.7-0.290.16
0.770.850.950.760.460.760.7-0.610.730.460.660.160.460.780.220.680.730.790.330.80.090.420.390.550.74
0.940.780.570.950.790.720.81-0.170.950.380.86-0.390.380.95-0.140.680.720.920.640.930.610.220.160.930.47
0.890.780.70.830.790.740.77-0.630.790.460.85-0.330.460.860.510.730.720.860.650.850.450.620.580.60.55
0.990.930.660.950.70.780.94-0.510.940.430.96-0.310.430.960.10.790.920.860.650.950.590.30.260.880.61
0.70.420.260.760.760.740.49-0.090.750.460.61-0.720.460.72-0.060.330.640.650.650.720.830.20.120.660.46
0.970.80.720.990.820.820.78-0.340.980.610.84-0.340.610.990.030.80.930.850.950.720.570.350.30.860.58
0.620.39-0.090.630.640.380.510.070.660.350.62-0.840.350.59-0.240.090.610.450.590.830.57-0.07-0.170.770.1
0.350.30.460.30.530.270.23-0.360.270.20.32-0.120.20.360.670.420.220.620.30.20.35-0.070.990.060.24
0.30.250.450.250.470.240.19-0.380.210.170.27-0.020.170.310.70.390.160.580.260.120.3-0.170.99-0.010.23
0.890.750.350.880.70.590.79-0.090.90.450.84-0.530.450.86-0.290.550.930.60.880.660.860.770.06-0.010.33
0.570.630.710.60.240.850.59-0.580.580.070.520.160.070.610.160.740.470.550.610.460.580.10.240.230.33
Click cells to compare fundamentals

CDW Corp Account Relationship Matchups

CDW Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.0B9.3B13.2B13.1B13.3B13.9B
Short Long Term Debt Total3.4B4.1B7.0B6.1B5.8B4.3B
Other Current Liab1.4B1.5B1.5B1.6B1.0B547.6M
Total Current Liabilities3.5B3.9B5.1B4.9B5.4B5.7B
Total Stockholder Equity960.3M1.3B705.7M1.6B2.0B2.1B
Property Plant And Equipment Net494.9M306.3M351.4M338M324.3M340.5M
Net Debt3.3B2.7B6.8B5.8B5.2B5.5B
Retained Earnings(2.0B)(1.8B)(2.6B)(1.8B)(1.5B)(1.4B)
Accounts Payable1.8B2.1B3.1B2.8B3.3B3.5B
Cash154M1.4B258.1M315.2M588.7M618.1M
Non Current Assets Total3.7B3.4B6.7B6.6B6.6B6.9B
Non Currrent Assets Other23.3M43.9M358.9M(10.3M)(897.5M)(852.6M)
Cash And Short Term Investments154M1.4B258.1M315.2M588.7M618.1M
Net Receivables3.4B3.6B4.9B5.0B5.0B5.3B
Common Stock Shares Outstanding147.8M144.8M140.5M137M136.3M130.8M
Liabilities And Stockholders Equity8.0B9.3B13.2B13.1B13.3B13.9B
Inventory611.2M760M927.6M800.2M668.1M341.1M
Other Current Assets171.6M191.2M357.5M498.2M410.2M430.7M
Other Stockholder Equity3.1B3.2B3.4B3.5B3.7B3.9B
Total Liab7.0B8.0B12.5B11.5B11.2B11.8B
Property Plant And Equipment Gross494.9M306.3M195.8M188.8M633M664.7M
Total Current Assets4.3B6.0B6.5B6.6B6.7B7.0B
Accumulated Other Comprehensive Income(117.8M)(95.8M)(94.4M)(152.4M)(124.6M)(118.4M)
Short Term Debt34.1M70.9M102.7M56.3M613.1M643.8M
Other Assets22.4M176M358.9M396.1M455.5M478.3M
Property Plant Equipment363.1M175.5M351.4M188.8M217.1M171.1M
Other Liab133.4M124M457.7M539.5M620.4M651.4M
Non Current Liabilities Total3.5B4.1B7.4B6.6B5.8B4.4B
Good Will2.6B2.6B4.4B4.3B4.4B2.8B
Intangible Assets594.1M445.1M1.6B1.5B1.4B1.1B
Long Term Debt3.3B3.9B6.8B5.9B5.0B4.5B
Current Deferred Revenue252.2M243.7M402.9M485.5M487.4M511.8M
Net Tangible Assets(2.2B)1.3B(5.3B)1.6B1.8B1.9B
Retained Earnings Total Equity(2.0B)(1.8B)(2.6B)(1.8B)(1.6B)(1.7B)
Long Term Debt Total3.3B3.9B6.8B5.9B6.7B4.3B
Capital Surpluse3.1B3.2B3.4B3.5B4.0B3.2B
Deferred Long Term Liab62.4M55.3M222.3M203.4M183.1M271.7M

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When determining whether CDW Corp is a strong investment it is important to analyze CDW Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CDW Corp's future performance. For an informed investment choice regarding CDW Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CDW Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy CDW Stock please use our How to Invest in CDW Corp guide.
Note that the CDW Corp information on this page should be used as a complementary analysis to other CDW Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running CDW Corp's price analysis, check to measure CDW Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CDW Corp is operating at the current time. Most of CDW Corp's value examination focuses on studying past and present price action to predict the probability of CDW Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CDW Corp's price. Additionally, you may evaluate how the addition of CDW Corp to your portfolios can decrease your overall portfolio volatility.
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Is CDW Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CDW Corp. If investors know CDW will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CDW Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
2.42
Earnings Share
8.01
Revenue Per Share
157.45
Quarterly Revenue Growth
(0.04)
The market value of CDW Corp is measured differently than its book value, which is the value of CDW that is recorded on the company's balance sheet. Investors also form their own opinion of CDW Corp's value that differs from its market value or its book value, called intrinsic value, which is CDW Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CDW Corp's market value can be influenced by many factors that don't directly affect CDW Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CDW Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if CDW Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CDW Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.