Caseys General Stores Inc (CASY)

Operating 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
Operating income (ttm)	US$ in thousands	530,295	501,275	516,249	489,607	478,907	486,696	441,026	390,096	342,890	324,842	287,421	301,851	314,443	848,511	844,211	807,887	828,149	755,449	766,606	750,591
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
Operating profit margin		3.57%	3.44%	3.54%	3.37%	3.17%	3.20%	2.95%	2.74%	2.65%	2.74%	2.65%	3.09%	3.61%	10.42%	10.07%	9.34%	9.03%	7.92%	8.21%	7.99%

April 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $530,295K ÷ $14,862,920K
= 3.57%

Over the past several quarters, Caseys General Stores Inc has shown fluctuations in its operating profit margin. The operating profit margin has ranged from a low of 2.65% to a high of 10.42% over the period covered.

In the most recent quarter, the operating profit margin was 3.57%, which indicates that the company retained $0.0357 in operating profit for every dollar of revenue generated. This represents a slight improvement from the previous quarter's operating profit margin of 3.44%.

Looking back over the past few years, the company experienced a significant increase in operating profit margin in the first half of 2021, with margins exceeding 10% in two consecutive quarters. However, this trend was not sustained, as margins declined in subsequent quarters.

Overall, the operating profit margin trend for Caseys General Stores Inc appears to exhibit some variability, with some quarters showing stronger performance than others. It will be important for the company to focus on managing costs and driving efficiencies to maintain and improve its operating profit margin in the future.