Caseys General Stores Inc (CASY)

Gross profit margin

		Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021	Apr 30, 2020
Gross profit	US$ in thousands	2,644,260	2,442,640	2,154,580	1,822,160	2,144,680
Revenue	US$ in thousands	14,862,900	15,094,500	12,952,600	8,707,190	9,175,300
Gross profit margin		17.79%	16.18%	16.63%	20.93%	23.37%

April 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,644,260K ÷ $14,862,900K
= 17.79%

Caseys General Stores Inc has shown fluctuations in its gross profit margin over the past five years. The gross profit margin decreased from 23.37% in 2020 to 20.93% in 2021, and further dropped to 16.63% in 2022. However, there was a slight improvement in the gross profit margin to 16.18% in 2023. The most recent data from April 30, 2024, indicates a modest increase in the gross profit margin to 17.79%.

Overall, the trend in the gross profit margin for Caseys General Stores Inc has been declining in recent years, with variations observed annually. This could indicate challenges in managing the cost of goods sold relative to revenue, pricing strategies, or changing market conditions impacting profitability. Further analysis of the company's cost structure and pricing mechanisms may provide insights into the factors influencing the gross profit margin.