Caseys General Stores Inc (CASY)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	3,508,670	3,417,320	3,337,450	3,162,920	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
ROE		15.58%	15.66%	16.03%	16.22%	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%

April 30, 2025 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $546,520K ÷ $3,508,670K
= 15.58%

The analysis of Caseys General Stores Inc. return on equity (ROE) over the observed period reveals a generally stable performance with modest fluctuations. Beginning in July 2020, the ROE stood at approximately 17.05%, indicating a strong efficiency in generating profit from shareholders' equity. Over the subsequent quarters, the ROE experienced incremental increases, reaching a peak of around 17.67% in October 2020 and maintaining similar levels through January 2021 at about 17.60%.

Subsequently, a decline ensued during the period from April 2021 onward, with the ROE decreasing to approximately 16.19%. This downward trend continued through mid-2021, reaching a low of around 13.96% in October 2021, which may suggest increased equity or reduced net income during that period. However, from late 2021 through 2022, the ROE exhibited signs of recovery, gradually climbing back to over 17% in early 2023, with a recorded value of approximately 17.28% in January 2023.

In the subsequent months, the ROE displayed minor fluctuations around the mid-to-high 16% range, reflecting a period of relative stability with slight variations. By October 2023, the ROE was reported near 16.71%, slightly ahead of the trend observed at the start of the period. The data extending into 2024 and early 2025 indicates a minor decreasing trend, with ROE values hovering around 15.58% to 16.65%. Notably, the overall pattern suggests that the company's profitability efficiency, as measured by ROE, has remained relatively steady, generally oscillating within the 15% to 17% corridor, with periods of minor decline and recovery, highlighting stability in the company's ability to generate returns from equity capital over the analyzed timeframe.