Caseys General Stores Inc (CASY)

Return on assets (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
Net income (ttm)	US$ in thousands	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	263,846	226,967	234,843	219,477
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
ROA		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%	6.69%	5.79%	6.07%	5.72%

April 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $501,972K ÷ $6,347,430K
= 7.91%

Caseys General Stores Inc's return on assets (ROA) has displayed a generally positive trend over the past few periods. The company's ROA ranged from 5.72% to 7.91% during the period, with the most recent ROA being 7.91% as of April 30, 2024. This indicates that for every dollar of assets the company holds, it generated a net income of 7.91 cents.

The increasing trend in ROA suggests that Caseys General Stores Inc has been effectively utilizing its assets to generate earnings and is becoming more efficient in its operations. This improvement may be attributed to better cost management, increased revenues, or more effective asset utilization.

Overall, Caseys General Stores Inc's consistent and relatively high ROA levels indicate a solid performance in terms of asset efficiency and profitability. Continued monitoring of ROA along with other financial indicators will be crucial to assess the company's financial health and operational effectiveness in the future.