Caseys General Stores Inc (CASY)

Days of inventory on hand (DOH)

		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
Inventory turnover		28.09	28.60	28.41	27.98	33.23	32.67	31.62	29.59	26.88	27.46	24.91	22.93	23.57	22.41	25.22	27.57	29.79	28.38	26.88	27.00
DOH	days	12.99	12.76	12.85	13.05	10.99	11.17	11.54	12.34	13.58	13.29	14.65	15.92	15.48	16.29	14.47	13.24	12.25	12.86	13.58	13.52

April 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 28.09
= 12.99

Days of inventory on hand (DOH) for Caseys General Stores Inc has shown some fluctuations over the past 20 quarters. On average, the company has maintained its inventory for around 13 days.

The trend over the past few quarters indicates that DOH has been relatively stable, with minor fluctuations around the average. However, there was a noticeable increase in DOH during the last three quarters of 2021 and the first two quarters of 2022, peaking at around 16 days, before gradually decreasing back to the average level.

Overall, the company seems to manage its inventory efficiently, avoiding extreme peaks or troughs in DOH. A consistent DOH level indicates effective inventory management strategies, which can lead to cost savings and improved profitability. Further analysis could help in understanding the specific factors influencing inventory turnover and optimizing inventory levels for Caseys General Stores Inc.