Caseys General Stores Inc (CASY)

Return on total capital

		Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021	Apr 30, 2020
Earnings before interest and tax (EBIT)	US$ in thousands	709,601	639,333	497,700	454,049	395,467
Long-term debt	US$ in thousands	1,582,760	1,620,510	1,663,400	1,361,400	714,502
Total stockholders’ equity	US$ in thousands	3,015,380	2,660,670	2,240,840	1,932,680	1,643,200
Return on total capital		15.43%	14.93%	12.75%	13.78%	16.77%

April 30, 2024 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $709,601K ÷ ($1,582,760K + $3,015,380K)
= 15.43%

Caseys General Stores Inc's return on total capital has shown fluctuations in recent years. The return on total capital was 15.43% for the fiscal year ending April 30, 2024, compared to 14.93% in the prior year. This indicates an improvement in the company's ability to generate profits from its total capital employed.

In the fiscal year ending April 30, 2022, the return on total capital was 12.75%, showing a lower profitability compared to the following years. However, in the fiscal year ending April 30, 2021, the return on total capital increased to 13.78%, showing a recovery from the previous year's dip.

The highest return on total capital in the past five years was 16.77% for the fiscal year ending April 30, 2020. This indicates that the company was more profitable relative to the capital invested in that particular year.

Overall, Caseys General Stores Inc has shown a generally positive trend in return on total capital over the past five years, with some fluctuations. Monitoring this ratio over time can help assess the company's efficiency in generating profits from its total capital base.