Caseys Free Cash Flow vs Net Income Analysis

CASY Stock

USD 425.05 0.65 0.15%

Caseys General financial indicator trend analysis is way more than just evaluating Caseys General Stores prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Caseys General Stores is a good investment. Please check the relationship between Caseys General Free Cash Flow and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caseys General Stores. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Caseys General Stores Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Caseys General's Free Cash Flow and Net Income is 0.73. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of Caseys General Stores, assuming nothing else is changed. The correlation between historical values of Caseys General's Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Caseys General Stores are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., Caseys General's Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Caseys General Stores financial statement analysis. It represents the amount of money remaining after all of Caseys General Stores operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Caseys General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Caseys General Stores current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caseys General Stores. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Caseys General's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.14 in 2024, whereas Tax Provision is likely to drop slightly above 92.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.8B	3.1B	3.0B	3.1B
Total Revenue	13.0B	15.1B	14.9B	15.6B

Gross Profit Total Revenue

Caseys General fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Other Liab	Other Assets	Long Term Debt
Total Assets		0.97	0.98	0.92	0.99	0.99	0.93	0.99	0.75	1.0	0.78	0.75	0.97	-0.79	0.97	0.98	0.75	-0.34	0.99	0.97	0.96	0.1	0.94	0.94	0.91	0.93
Short Long Term Debt Total	0.97		0.93	0.93	0.93	0.98	0.98	0.93	0.66	0.97	0.75	0.66	0.91	-0.87	0.96	0.96	0.66	-0.23	0.99	0.91	0.9	0.2	0.89	0.88	0.81	0.94
Other Current Liab	0.98	0.93		0.92	0.99	0.97	0.88	0.99	0.77	0.98	0.79	0.77	0.94	-0.74	0.92	0.95	0.75	-0.41	0.96	0.96	0.95	0.14	0.9	0.93	0.92	0.88
Total Current Liabilities	0.92	0.93	0.92		0.9	0.93	0.92	0.9	0.6	0.93	0.76	0.6	0.85	-0.79	0.83	0.88	0.65	-0.47	0.92	0.88	0.83	0.47	0.78	0.85	0.81	0.77
Total Stockholder Equity	0.99	0.93	0.99	0.9		0.98	0.88	1.0	0.76	0.99	0.75	0.76	0.97	-0.71	0.93	0.96	0.76	-0.4	0.96	0.98	0.95	0.09	0.92	0.95	0.94	0.9
Property Plant And Equipment Net	0.99	0.98	0.97	0.93	0.98		0.95	0.98	0.7	1.0	0.73	0.7	0.94	-0.81	0.96	0.97	0.7	-0.28	0.99	0.95	0.93	0.16	0.91	0.94	0.87	0.92
Net Debt	0.93	0.98	0.88	0.92	0.88	0.95		0.89	0.51	0.94	0.67	0.51	0.87	-0.88	0.92	0.92	0.61	-0.21	0.95	0.87	0.81	0.26	0.85	0.86	0.76	0.89
Retained Earnings	0.99	0.93	0.99	0.9	1.0	0.98	0.89		0.75	0.99	0.74	0.75	0.97	-0.72	0.93	0.96	0.76	-0.4	0.96	0.98	0.95	0.09	0.92	0.94	0.93	0.89
Cash	0.75	0.66	0.77	0.6	0.76	0.7	0.51	0.75		0.72	0.74	1.0	0.7	-0.51	0.74	0.7	0.6	-0.2	0.72	0.71	0.88	-0.12	0.72	0.64	0.69	0.72
Non Current Assets Total	1.0	0.97	0.98	0.93	0.99	1.0	0.94	0.99	0.72		0.77	0.72	0.96	-0.79	0.96	0.98	0.74	-0.34	0.99	0.97	0.95	0.12	0.93	0.94	0.91	0.93
Non Currrent Assets Other	0.78	0.75	0.79	0.76	0.75	0.73	0.67	0.74	0.74	0.77		0.74	0.77	-0.52	0.76	0.75	0.55	-0.48	0.79	0.79	0.81	0.09	0.79	0.71	0.79	0.76
Cash And Short Term Investments	0.75	0.66	0.77	0.6	0.76	0.7	0.51	0.75	1.0	0.72	0.74		0.7	-0.51	0.74	0.7	0.6	-0.2	0.72	0.71	0.88	-0.12	0.72	0.64	0.69	0.72
Net Receivables	0.97	0.91	0.94	0.85	0.97	0.94	0.87	0.97	0.7	0.96	0.77	0.7		-0.67	0.94	0.96	0.78	-0.43	0.95	0.99	0.94	-0.04	0.97	0.9	0.96	0.93
Common Stock Shares Outstanding	-0.79	-0.87	-0.74	-0.79	-0.71	-0.81	-0.88	-0.72	-0.51	-0.79	-0.52	-0.51	-0.67		-0.82	-0.82	-0.59	-0.02	-0.84	-0.68	-0.73	-0.25	-0.71	-0.63	-0.55	-0.78
Non Current Liabilities Total	0.97	0.96	0.92	0.83	0.93	0.96	0.92	0.93	0.74	0.96	0.76	0.74	0.94	-0.82		0.98	0.72	-0.17	0.98	0.93	0.95	-0.07	0.97	0.89	0.85	0.99
Inventory	0.98	0.96	0.95	0.88	0.96	0.97	0.92	0.96	0.7	0.98	0.75	0.7	0.96	-0.82	0.98		0.8	-0.31	0.98	0.96	0.95	0.01	0.97	0.88	0.91	0.95
Other Current Assets	0.75	0.66	0.75	0.65	0.76	0.7	0.61	0.76	0.6	0.74	0.55	0.6	0.78	-0.59	0.72	0.8		-0.51	0.73	0.81	0.79	-0.1	0.79	0.63	0.83	0.67
Other Stockholder Equity	-0.34	-0.23	-0.41	-0.47	-0.4	-0.28	-0.21	-0.4	-0.2	-0.34	-0.48	-0.2	-0.43	-0.02	-0.17	-0.31	-0.51		-0.27	-0.5	-0.32	-0.29	-0.32	-0.3	-0.62	-0.11
Total Liab	0.99	0.99	0.96	0.92	0.96	0.99	0.95	0.96	0.72	0.99	0.79	0.72	0.95	-0.84	0.98	0.98	0.73	-0.27		0.95	0.95	0.11	0.94	0.91	0.87	0.95
Property Plant And Equipment Gross	0.97	0.91	0.96	0.88	0.98	0.95	0.87	0.98	0.71	0.97	0.79	0.71	0.99	-0.68	0.93	0.96	0.81	-0.5	0.95		0.94	0.02	0.96	0.91	0.98	0.9
Total Current Assets	0.96	0.9	0.95	0.83	0.95	0.93	0.81	0.95	0.88	0.95	0.81	0.88	0.94	-0.73	0.95	0.95	0.79	-0.32	0.95	0.94		-0.06	0.94	0.86	0.91	0.93
Short Term Debt	0.1	0.2	0.14	0.47	0.09	0.16	0.26	0.09	-0.12	0.12	0.09	-0.12	-0.04	-0.25	-0.07	0.01	-0.1	-0.29	0.11	0.02	-0.06		-0.18	0.11	-0.04	-0.15
Accounts Payable	0.94	0.89	0.9	0.78	0.92	0.91	0.85	0.92	0.72	0.93	0.79	0.72	0.97	-0.71	0.97	0.97	0.79	-0.32	0.94	0.96	0.94	-0.18		0.85	0.92	0.96
Other Liab	0.94	0.88	0.93	0.85	0.95	0.94	0.86	0.94	0.64	0.94	0.71	0.64	0.9	-0.63	0.89	0.88	0.63	-0.3	0.91	0.91	0.86	0.11	0.85		0.85	0.85
Other Assets	0.91	0.81	0.92	0.81	0.94	0.87	0.76	0.93	0.69	0.91	0.79	0.69	0.96	-0.55	0.85	0.91	0.83	-0.62	0.87	0.98	0.91	-0.04	0.92	0.85		0.82
Long Term Debt	0.93	0.94	0.88	0.77	0.9	0.92	0.89	0.89	0.72	0.93	0.76	0.72	0.93	-0.78	0.99	0.95	0.67	-0.11	0.95	0.9	0.93	-0.15	0.96	0.85	0.82

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Caseys General Account Relationship Matchups

Caseys General fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.9B	4.5B	5.5B	5.9B	6.3B	6.7B
Short Long Term Debt Total	1.4B	1.4B	1.7B	1.7B	1.8B	1.8B
Other Current Liab	188.3M	215.5M	243.9M	262.6M	289.7M	304.2M
Total Current Liabilities	1.1B	612.7M	904.7M	927.1M	953.5M	1.0B
Total Stockholder Equity	1.6B	1.9B	2.2B	2.7B	3.0B	3.2B
Property Plant And Equipment Net	3.3B	3.5B	4.0B	4.2B	4.8B	5.0B
Net Debt	1.3B	1.0B	1.5B	1.3B	1.5B	1.6B
Retained Earnings	1.6B	1.9B	2.2B	2.6B	3.0B	3.1B
Cash	78.3M	336.5M	158.9M	378.9M	206.5M	216.8M
Non Current Assets Total	3.6B	3.7B	4.8B	5.0B	5.5B	5.8B
Non Currrent Assets Other	71.8M	82.1M	187.2M	192.2M	79.7M	83.7M
Cash And Short Term Investments	78.3M	336.5M	158.9M	378.9M	206.5M	216.8M
Net Receivables	63.2M	89.3M	152.1M	143.9M	168.9M	177.3M
Common Stock Shares Outstanding	37.2M	37.4M	37.4M	37.5M	37.4M	36.2M
Liabilities And Stockholders Equity	3.9B	4.5B	5.5B	5.9B	6.3B	6.7B
Non Current Liabilities Total	1.2B	1.9B	2.4B	2.4B	2.4B	2.5B
Inventory	236.0M	286.6M	396.2M	376.1M	428.7M	450.2M
Other Current Assets	9.8M	11.2M	17.9M	22.1M	25.8M	27.1M
Total Liab	2.3B	2.5B	3.3B	3.3B	3.3B	3.5B
Property Plant And Equipment Gross	3.3B	3.5B	6.4B	6.8B	7.6B	7.9B
Total Current Assets	387.3M	723.6M	725.0M	921.0M	829.9M	871.3M
Short Term Debt	690.3M	2.4M	24.5M	52.9M	40.2M	45.5M
Accounts Payable	184.8M	355.5M	588.8M	560.5M	569.5M	598.0M
Other Liab	503.0M	534.2M	696.8M	735.0M	845.2M	887.5M
Other Assets	50.6M	62.0M	187.2M	192.2M	221.0M	232.0M
Long Term Debt	714.5M	1.4B	1.7B	1.6B	1.6B	1.7B
Common Stock Total Equity	33.3M	59.0M	79.4M	110.0M	126.5M	132.9M
Common Stock	33.3M	59.0M	79.4M	110.0M	27.5M	48.4M
Property Plant Equipment	3.3B	3.5B	4.0B	6.7B	7.7B	8.1B
Intangible Assets	140.3M	27.9M	70.4M	69.4M	56.3M	85.7M
Net Tangible Assets	1.5B	1.8B	1.6B	2.0B	2.4B	2.5B
Retained Earnings Total Equity	1.6B	1.9B	2.2B	2.6B	2.9B	3.1B
Long Term Debt Total	714.5M	1.4B	1.7B	1.6B	1.9B	1.1B
Deferred Long Term Liab	449.2M	454.8M	533.2M	543.6M	625.1M	433.0M
Non Current Liabilities Other	73.6M	72.4M	135.6M	159.1M	168.9M	177.4M
Accumulated Depreciation	(1.8B)	(2.0B)	(2.2B)	(2.4B)	(2.2B)	(2.1B)

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Caseys Free Cash Flow vs Net Income Analysis

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Income

Caseys General fundamental ratios Correlations

Caseys General Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Caseys General fundamental ratios Accounts

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Additional Tools for Caseys Stock Analysis

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets

Common Stock Shares Outstanding	- 0.88	Net Debt
Common Stock Shares Outstanding	- 0.87	Short Long Term Debt Total
Total Liab	- 0.84	Common Stock Shares Outstanding
Inventory	- 0.82	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.82	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.81	Property Plant And Equipment Net