Caseys General Stores Inc (CASY)

Return on assets (ROA)

		Apr 30, 2025	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	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
Net income (ttm)	US$ in thousands	546,520	535,233	535,069	512,933	501,972	471,044	484,223	462,996	446,691	450,375	414,287	373,563	339,790	321,712	296,315	311,467	312,900	333,293	328,625	298,623
Total assets	US$ in thousands	8,208,120	8,220,180	7,725,570	6,496,420	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
ROA		6.66%	6.51%	6.93%	7.90%	7.91%	7.59%	7.78%	7.64%	7.52%	7.71%	7.15%	6.58%	6.17%	5.96%	5.64%	6.14%	7.02%	7.58%	7.60%	7.29%

April 30, 2025 calculation

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

The analysis of Caseys General Stores Inc's return on assets (ROA) over the specified periods indicates a generally stable but slightly fluctuating profitability trend relative to asset utilization. Starting from July 31, 2020, with an ROA of 7.29%, there was an upward movement reaching a peak of 7.78% on October 31, 2023. This suggests an improvement in asset efficiency or profitability during this interval, reflecting effective management of assets relative to generated earnings.

Significant fluctuations are observed within this period, with lows of approximately 5.64% in October 2021 and subsequent recoveries. Notably, from April 30, 2021, through October 31, 2023, the ROA demonstrates a positive trajectory, indicating enhanced profitability performance over this period. The peak at 7.78% emphasizes periods of optimal efficiency.

From the latter part of the data set, a downward trend is apparent, with the ROA decreasing to 6.51% by January 31, 2025. This decline may reflect increased asset bases without commensurate increases in net income, or potential operational or market challenges impacting efficiency. Nonetheless, the ROA remains within a range that denotes consistent ability to generate earnings from assets, although the slight decrease toward the end of the period warrants ongoing monitoring.

Overall, the ROA trend portrays a company with moderate profitability and efficiency levels, exhibiting periods of growth and contraction, but maintaining a relatively stable long-term profitability relative to its assets over the observed timeline.