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.
Peer comparison
Apr 30, 2024