Caseys General Stores Inc (CASY)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	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	395,467	346,417	357,574	341,559
Long-term debt	US$ in thousands	1,582,760	1,583,610	1,596,790	1,598,520	1,620,510	1,634,500	1,639,580	1,639,180	1,663,400	1,766,050	1,677,390	1,682,170	1,361,400	1,362,080	1,361,920	1,281,740	714,502	715,121	715,060	1,303,430
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
Return on total capital		15.43%	14.75%	15.20%	15.01%	14.93%	15.13%	14.36%	13.57%	12.75%	12.01%	11.50%	12.16%	13.78%	14.79%	14.82%	14.54%	16.77%	15.04%	15.70%	12.23%

April 30, 2024 calculation

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

The return on total capital for Caseys General Stores Inc has shown variability over the provided time period. It ranged from a low of 11.50% in October 2021 to a high of 16.77% in July 2020, indicating fluctuations in the company's efficiency in generating returns from its total capital employed. Overall, the return on total capital has generally been on an upward trend recently, with an average of approximately 14.73% over the period. This upward trend suggests improved capital utilization and operational performance by the company. However, it is essential to continue monitoring this ratio to ensure sustained efficiency in utilizing the company's total capital resources effectively.