Caseys General Stores Inc (CASY)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	6,347,430	6,207,010	6,227,460	6,062,350	5,943,270	5,840,620	5,790,460	5,679,140	5,505,730	5,401,940	5,252,110	5,075,970	4,460,310	4,396,990	4,323,670	4,098,990	3,943,890	3,922,030	3,865,870	3,836,750
Operating ROA		8.35%	8.08%	8.29%	8.08%	8.06%	8.33%	7.62%	6.87%	6.23%	6.01%	5.47%	5.95%	7.05%	19.30%	19.53%	19.71%	21.00%	19.26%	19.83%	19.56%

April 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $530,295K ÷ $6,347,430K
= 8.35%

Caseys General Stores Inc's operating return on assets (operating ROA) has shown some fluctuations over the past 20 quarters. The operating ROA ranged from a low of 5.47% in October 2021 to a peak of 21.00% in January 2020. The highest levels of operating ROA were observed in the quarters ending in January and April 2020, July 2019, and October 2019, all above 19%.

There seems to be a general upward trend in operating ROA from late 2021 through early 2023, peaking in January and April 2023 at around 8.33% and 8.35%, respectively. However, there was a slight decline in the most recent quarter ending in April 2024, where operating ROA was at 8.35%.

Overall, Caseys General Stores Inc has been able to generate a reasonable return on its assets over the past few years, with some fluctuations reflecting changes in operational efficiency and profitability. It will be important for the company to monitor and manage its assets effectively to sustain and potentially improve its operating ROA in the future.