Benefits of an external DAC

I need a sounding board from you folks.  I have a slightly upgraded Oppo 103 CD player that was a big SQ improvement over my Consonance tube CD player.  I need a DAC to take the stream from my iMac, turn into an analogue signal to my preamp.  Lots of folks rave about the benefits of an external DAC so, in progression, I got a Jolida tube DAC, a Schiit Gungnir, and a Channel Island Audio DAC.  I connect the Oppo to the CIA DAC with a coaxial cable.  I input the analogue signal from the Oppo into my preamp with RCA IC's.    

It is easy to switch between DAC in the path vs. the Oppo analogue signal straight into the preamp.  I tell ya, I have done the comparison between all three DAC's vs. the analogue signal run from the Oppo to the preamp and have been unable to discern any difference.   Zero, zip, nada.  I have done the comparison with lots of audio pals and nobody hears a wits worth of difference.

There clearly are lots of devotees using external DAC, but in my system (with a Don Sachs tube preamp, Pass Labs First Watt F5, and Spatial Audio M4 Turbo S speakers, with good cabling), I am perplexed as to why the use of an external DAC makes no difference in the SQ in my system. It sounds exactly the same.  

I am awaiting a demo of a Denafrips Ares DAC to see if this well-regarded DAC does something to the SQ -- one way or another.  So far, the employment of a DAC to improve the SQ of the signal from my Oppo has been an utter waste of time.  What am I missing?