Caseys General Stores Inc (CASY)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 768,484 | 767,508 | 759,008 | 726,980 | 709,601 | 668,311 | 683,285 | 656,643 | 639,333 | 641,913 | 596,243 | 545,313 | 497,700 | 474,516 | 437,095 | 451,525 | 454,049 | 481,649 | 477,349 | 441,025 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 21.90% | 22.46% | 22.74% | 22.98% | 23.53% | 22.67% | 23.58% | 23.65% | 24.03% | 24.62% | 23.73% | 22.91% | 22.21% | 21.71% | 20.59% | 22.24% | 23.49% | 25.44% | 25.67% | 25.18% |
April 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $768,484K ÷ ($—K + $3,508,670K)
= 21.90%
The analysis of Caseys General Stores Inc.’s return on total capital (ROTC) over the period from July 31, 2020, to April 30, 2025, reveals several notable trends and fluctuations.
Initially, the ROTC stood at 25.18% on July 31, 2020, and experienced a gradual increase to a peak of approximately 25.67% by October 31, 2020, and remained relatively stable into January 31, 2021, at 25.44%. However, a downward trend commenced thereafter, with the ROTC declining to 23.49% by April 30, 2021. This decline continued more markedly into the second half of 2021, reaching 20.59% on October 31, 2021, indicating a reduction in the efficiency of capital utilization during this period.
Post-October 2021, the ROTC exhibited signs of recovery, climbing back to 21.71% by January 31, 2022, and maintaining a generally upward trajectory to reach 23.73% on October 31, 2022. This upward movement persisted into early 2023, with the ratio reaching 24.62% on January 31, 2023. Nonetheless, a slight decrease was observed subsequently, with the ROTC declining to 24.03% by April 30, 2023, and further to 23.65% on July 31, 2023, and 23.58% on October 31, 2023.
The data extending into 2024 and early 2025 suggests continued, though moderate, fluctuation, with the ROTC oscillating around the low 22% to high 23% range. As of April 30, 2025, the return stood at approximately 21.90%, indicating a slight overall decline from earlier peaks.
Overall, the ROTC trend indicates periods of both decline and recovery, with the most notable decrease occurring between mid-2021 and late 2021, followed by a period of consistent improvement through late 2022 and early 2023. The subsequent fluctuations suggest a maintained level of capital efficiency with slight variations, reflecting dynamic operational conditions and market environments affecting the company’s capacity to generate returns from its total capital base.
Peer comparison
Apr 30, 2025