Caseys General Stores Inc (CASY)

Gross profit margin

		Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019
Gross profit (ttm)	US$ in thousands	2,818,808	2,732,470	2,694,271	2,627,133	2,598,849	2,575,813	2,505,405	2,415,912	2,304,363	2,221,718	2,107,748	2,031,882	1,951,634	2,059,395	2,081,262	2,070,861	2,144,684	2,071,984	2,045,386	1,998,642
Revenue (ttm)	US$ in thousands	14,862,920	14,591,600	14,594,910	14,509,090	15,094,480	15,224,720	14,940,880	14,225,240	12,952,590	11,871,890	10,831,200	9,784,160	8,707,190	8,141,830	8,382,000	8,653,690	9,175,300	9,540,820	9,340,700	9,391,110
Gross profit margin		18.97%	18.73%	18.46%	18.11%	17.22%	16.92%	16.77%	16.98%	17.79%	18.71%	19.46%	20.77%	22.41%	25.29%	24.83%	23.93%	23.37%	21.72%	21.90%	21.28%

April 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,818,808K ÷ $14,862,920K
= 18.97%

Caseys General Stores Inc's gross profit margin has shown fluctuations over the past years, with values ranging from as low as 16.77% to as high as 25.29%. There seems to be a general trend of increasing gross profit margin from October 2020 to October 2021, reaching a peak of 25.29% in January 2022. However, the gross profit margin took a dip in the following quarters before stabilizing around the 18-19% range in the most recent periods.

These fluctuations in the gross profit margin may be influenced by various factors such as changes in the cost of goods sold, pricing strategies, and overall sales performance. It is important for the company to closely monitor and analyze these fluctuations to ensure profitability and efficiency in its operations.