Caseys General Stores Inc (CASY)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	3,015,380	2,947,460	2,897,390	2,776,300	2,660,670	2,606,780	2,512,820	2,380,050	2,240,840	2,185,610	2,123,130	2,030,660	1,932,680	1,893,590	1,859,850	1,751,240	1,643,200	1,588,590	1,561,850	1,489,210
ROE		16.65%	15.98%	16.71%	16.68%	16.79%	17.28%	16.49%	15.70%	15.16%	14.72%	13.96%	15.34%	16.19%	17.60%	17.67%	17.05%	16.06%	14.29%	15.04%	14.74%

April 30, 2024 calculation

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

Caseys General Stores Inc's Return on Equity (ROE) has been fluctuating over the past few quarters, ranging from 13.96% to 17.67%. The company's ROE trend shows variations but generally remains within a moderate to healthy range. The highest ROE of 17.67% was recorded in January 2021, while the lowest was 13.96% in October 2021.

The ROE values indicate the company's efficiency in generating profits from shareholders' equity. With ROE figures consistently above 15% in recent quarters, Caseys General Stores Inc demonstrates a strong ability to generate profits relative to its shareholder investment.

Investors may find the company's ROE performance satisfactory, as it indicates effective management of assets and leverage to enhance returns for shareholders. However, monitoring the trend and comparing it to industry benchmarks can provide a more comprehensive assessment of the company's financial health and future prospects.