Caseys General Stores Inc (CASY)
Operating return on assets (Operating ROA)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 355,747 | 322,702 | 193,103 | 184,964 | 646,641 |
| Total assets | US$ in thousands | 6,347,430 | 5,943,270 | 5,505,730 | 4,460,310 | 3,943,890 |
| Operating ROA | 5.60% | 5.43% | 3.51% | 4.15% | 16.40% |
April 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $355,747K ÷ $6,347,430K
= 5.60%
Caseys General Stores Inc's operating return on assets (ROA) has shown some fluctuation over the past five years, ranging from a low of 3.51% in April 2022 to a high of 16.40% in April 2020. In April 2024, the operating ROA stood at 5.60%, slightly higher than the previous year's 5.43%. This indicates that Caseys General Stores Inc generated 5.60 cents of operating profit for every dollar of assets it had in 2024.
The increase in operating ROA from 2022 to 2023 suggests an improvement in the company's operational efficiency and profitability. However, the operating ROA in 2024 remained relatively stable compared to the previous year, indicating that there may have been challenges in further enhancing operational performance.
Overall, Caseys General Stores Inc's operating ROA trend indicates reasonable profitability relative to its asset base, but there may be opportunities to potentially increase efficiency and generate higher returns in the future.
Peer comparison
Apr 30, 2024