Caseys General Stores Inc (CASY)

Return on assets (ROA)

		Apr 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021
Net income	US$ in thousands	546,520	501,972	446,691	339,790	312,900
Total assets	US$ in thousands	8,208,120	6,347,430	5,943,270	5,505,730	4,460,310
ROA		6.66%	7.91%	7.52%	6.17%	7.02%

April 30, 2025 calculation

ROA = Net income ÷ Total assets
= $546,520K ÷ $8,208,120K
= 6.66%

The return on assets (ROA) of Caseys General Stores Inc. over the period from April 30, 2021, to April 30, 2025, exhibits fluctuations that reflect changes in the company's efficiency in generating earnings from its asset base. Specifically, the ROA declined from 7.02% in 2021 to a low of 6.17% in 2022. This decrease suggests a period where the company was slightly less effective in utilizing its assets to generate profits.

Following this dip, the ROA experienced an improvement, rising to 7.52% in 2023, indicating enhanced operational efficiency and better asset utilization. The positive trend continued into 2024, with the ROA reaching 7.91%, which signifies the most efficient asset utilization during this period and reflects potentially improved operational performance or asset management strategies.

However, in 2025, the ROA declined again to 6.66%. This decrease could denote a reduction in profitability relative to the asset base, possibly due to changing market conditions, increased expenses, or other operational factors that impacted the company’s ability to generate earnings efficiently from its assets.

Overall, the company's ROA has demonstrated a pattern of fluctuation but remained within a relatively narrow range. The recent peak in 2024 suggests periods of improved efficiency, while the subsequent decline in 2025 warrants further investigation into underlying operational or market dynamics affecting asset productivity.