Caseys General Stores Inc (CASY)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 656,160 | 616,564 | 633,987 | 606,149 | 587,518 | 587,607 | 539,203 | 488,255 | 440,728 | 421,666 | 387,207 | 404,523 | 407,370 | 432,333 | 426,293 | 387,920 | 342,048 | 293,055 | 304,111 | 286,588 |
| 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 |
| Pretax margin | 4.41% | 4.23% | 4.34% | 4.18% | 3.89% | 3.86% | 3.61% | 3.43% | 3.40% | 3.55% | 3.57% | 4.13% | 4.68% | 5.31% | 5.09% | 4.48% | 3.73% | 3.07% | 3.26% | 3.05% |
April 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $656,160K ÷ $14,862,920K
= 4.41%
The pretax margin of Caseys General Stores Inc has shown fluctuations over the past several quarters. The pretax margin, which represents the percentage of each dollar of revenue that translates into pre-tax profit, has generally been in the range of 3-5% over the last two years. It reached its peak at 5.31% in January 2021 but has since fluctuated, with the latest reported figure being 4.41% for April 2024.
The upward trend in pretax margin observed from October 2021 to April 2023, where it increased from 3.57% to 3.89%, seems to have tapered off slightly afterwards. It is important to note that while a higher pretax margin indicates better efficiency in controlling costs and generating profits from sales, the fluctuations in the margin may suggest ongoing changes in the company's cost structure, revenue mix, or operational efficiency.
It would be essential to further analyze the factors underlying these fluctuations in the pretax margin to assess the company's financial performance and identify any areas for improvement.
Peer comparison
Apr 30, 2024