Caseys General Stores Inc (CASY)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	3,015,380	2,660,670	2,240,840	1,932,680	1,643,200
ROE		16.65%	16.79%	15.16%	16.19%	16.06%

April 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $501,972K ÷ $3,015,380K
= 16.65%

Caseys General Stores Inc's return on equity (ROE) has shown relatively stable levels over the past five years, ranging from 15.16% to 16.79%. The company's ROE for the most recent fiscal year ending April 30, 2024, stood at 16.65%, indicating that for every dollar of shareholders' equity, the company generated a return of 16.65 cents.

The consistent ROE levels over the years suggest that the company has been effectively utilizing its equity to generate profits. However, despite the stability in ROE, there are fluctuations within this range that may require further analysis to understand the underlying factors driving the changes.

In comparison to the prior year, the slight decrease in ROE from 16.79% in 2023 to 16.65% in 2024 may indicate a marginal decline in the company's efficiency in generating returns for its shareholders.

It is essential for investors and analysts to delve deeper into the financial performance, profitability, and capital structure of Caseys General Stores Inc to gain a more comprehensive understanding of the factors influencing its ROE and overall financial health.