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CASY (Casey's General Stores) Piotroski F-Score : 6 (As of Mar. 03, 2025)


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What is Casey's General Stores Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Casey's General Stores has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Casey's General Stores's Piotroski F-Score or its related term are showing as below:

CASY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Casey's General Stores was 7. The lowest was 4. And the median was 6.


Casey's General Stores Piotroski F-Score Historical Data

The historical data trend for Casey's General Stores's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Casey's General Stores Piotroski F-Score Chart

Casey's General Stores Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 5.00 6.00 7.00

Casey's General Stores Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 6.00 7.00 7.00 6.00

Competitive Comparison of Casey's General Stores's Piotroski F-Score

For the Specialty Retail subindustry, Casey's General Stores's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Casey's General Stores's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Casey's General Stores's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Casey's General Stores's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Oct24) TTM:Last Year (Oct23) TTM:
Net Income was 86.933 + 87.02 + 180.198 + 180.918 = $535 Mil.
Cash Flow from Operations was 122.82 + 288.353 + 281.354 + 270.703 = $963 Mil.
Revenue was 3329.247 + 3600.015 + 4097.737 + 3946.771 = $14,974 Mil.
Gross Profit was 786.523 + 798.073 + 955.256 + 958.559 = $3,498 Mil.
Average Total Assets from the begining of this year (Oct23)
to the end of this year (Oct24) was
(6227.461 + 6207.014 + 6347.433 + 6496.425 + 7725.57) / 5 = $6600.7806 Mil.
Total Assets at the begining of this year (Oct23) was $6,227 Mil.
Long-Term Debt & Capital Lease Obligation was $2,462 Mil.
Total Current Assets was $979 Mil.
Total Current Liabilities was $1,117 Mil.
Net Income was 100.112 + 56.092 + 169.237 + 158.782 = $484 Mil.

Revenue was 3332.555 + 3328.701 + 3869.251 + 4064.4 = $14,595 Mil.
Gross Profit was 737.462 + 687.752 + 877.754 + 885.561 = $3,189 Mil.
Average Total Assets from the begining of last year (Oct22)
to the end of last year (Oct23) was
(5790.464 + 5840.617 + 5943.27 + 6062.352 + 6227.461) / 5 = $5972.8328 Mil.
Total Assets at the begining of last year (Oct22) was $5,790 Mil.
Long-Term Debt & Capital Lease Obligation was $1,597 Mil.
Total Current Assets was $1,011 Mil.
Total Current Liabilities was $950 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Casey's General Stores's current Net Income (TTM) was 535. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Casey's General Stores's current Cash Flow from Operations (TTM) was 963. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Oct23)
=535.069/6227.461
=0.08592089

ROA (Last Year)=Net Income/Total Assets (Oct22)
=484.223/5790.464
=0.08362421

Casey's General Stores's return on assets of this year was 0.08592089. Casey's General Stores's return on assets of last year was 0.08362421. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Casey's General Stores's current Net Income (TTM) was 535. Casey's General Stores's current Cash Flow from Operations (TTM) was 963. ==> 963 > 535 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=2461.922/6600.7806
=0.37297437

Gearing (Last Year: Oct23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct22 to Oct23
=1596.786/5972.8328
=0.26734149

Casey's General Stores's gearing of this year was 0.37297437. Casey's General Stores's gearing of last year was 0.26734149. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Oct24)=Total Current Assets/Total Current Liabilities
=978.694/1116.536
=0.87654496

Current Ratio (Last Year: Oct23)=Total Current Assets/Total Current Liabilities
=1010.71/949.826
=1.06410016

Casey's General Stores's current ratio of this year was 0.87654496. Casey's General Stores's current ratio of last year was 1.06410016. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Casey's General Stores's number of shares in issue this year was 37.311. Casey's General Stores's number of shares in issue last year was 37.431. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=3498.411/14973.77
=0.23363595

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3188.529/14594.907
=0.21846861

Casey's General Stores's gross margin of this year was 0.23363595. Casey's General Stores's gross margin of last year was 0.21846861. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Oct23)
=14973.77/6227.461
=2.40447431

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct22)
=14594.907/5790.464
=2.52050734

Casey's General Stores's asset turnover of this year was 2.40447431. Casey's General Stores's asset turnover of last year was 2.52050734. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+0+1+1+0
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Casey's General Stores has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Casey's General Stores  (NAS:CASY) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Casey's General Stores Piotroski F-Score Related Terms

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Casey's General Stores Business Description

Traded in Other Exchanges
Address
One Se Convenience Boulevard, Ankeny, IA, USA, 50021
Casey's serves as the nation's third-largest convenience store chain with its nearly 2,900 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.
Executives
Mike Spanos director PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Katrina S Lindsey officer: Chief Legal Officer & Sec. ONE SE CONVENIENCE BLVD., ANKENY IA 50021
Williams Ena Koschel officer: Chief Operating Officer 15455 DALLAS PARKWAY, SUITE 550, ADDISON TX 75001
Darren M Rebelez director, officer: President and CEO 1722 ROUTH STREET, SUITE 1000, DALLAS TX 75201-2502
Brennan Thomas P Jr officer: SVP, Chief Merch. Officer ONE SE CONVENIENCE BOULEVARD, ANKENY IA 50021
Sri Donthi director 5008 AIRPORT ROAD NW, ROANOKE VA 24021
Larree M Renda director
Greg Trojan director ONE ICON, FOOTHILL RANCH CA 92610
Julia L Jackowski officer: SVP, Corp Gen Counsel & HR CASEY'S GENERAL STORES, INC., ONE CONVENIENCE BLVD., PO BOX 3001, ANKENY IA 50021
Diane C Bridgewater director 8161 HEATHER BOW, JOHNSTON IA 50131
Brian Joseph Johnson officer: SVP, Store Development CASEY'S GENERAL STORES, INC., ONE CONVENIENCE BLVD., ANKENY IA 50021
Bramlage Stephen P Jr officer: Chief Financial Officer ARAMARK, 1101 MARKET STREET, PHILADELPHIA PA 19107
Adrian M Butler officer: Chief Information Officer 111 NORTH CANAL STREET, SUITE 850, CHICAGO IL 60606
William J Walljasper officer: Senior VP and CFO ONE CONVENIENCE BLVD, PO BOX 3001, ANKENY IA 50021
Chad Michael Frazell officer: SVP, Chief HR Officer TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027