Caseys General Stores Inc (CASY)
Return on assets (ROA)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 501,972 | 446,691 | 339,790 | 312,900 | 263,846 |
| Total assets | US$ in thousands | 6,347,430 | 5,943,270 | 5,505,730 | 4,460,310 | 3,943,890 |
| ROA | 7.91% | 7.52% | 6.17% | 7.02% | 6.69% |
April 30, 2024 calculation
ROA = Net income ÷ Total assets
= $501,972K ÷ $6,347,430K
= 7.91%
Caseys General Stores Inc's return on assets (ROA) has shown a positive trend over the past five years, with values of 6.69%, 7.02%, 6.17%, 7.52%, and 7.91% for the years ending April 30, 2020, 2021, 2022, 2023, and 2024, respectively. This indicates an improvement in the company's ability to generate profits from its assets over time. The increasing ROA suggests that Caseys General Stores Inc is utilizing its assets more efficiently to generate earnings for its shareholders. Overall, the upward trend in ROA reflects positively on the company's operational performance and management's effectiveness in generating returns from its asset base.
Peer comparison
Apr 30, 2024