Caseys General Stores Inc (CASY)

Days of inventory on hand (DOH)

		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
Inventory turnover		19.00	24.73	26.55	25.81	26.86	27.38	27.23	26.83	31.97	31.47	30.44	28.44	25.72	26.20	23.67	21.67	22.16	21.45	24.43	27.02
DOH	days	19.21	14.76	13.75	14.14	13.59	13.33	13.40	13.60	11.42	11.60	11.99	12.84	14.19	13.93	15.42	16.84	16.47	17.02	14.94	13.51

April 30, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 19.00
= 19.21

The analysis of Caseys General Stores Inc.'s days of inventory on hand (DOH) over the specified periods reveals notable fluctuations within a relatively narrow range. From July 31, 2020, to April 30, 2021, DOH increased from approximately 13.51 days to a peak of 17.02 days, indicating a period of higher inventory levels relative to sales. Subsequently, from July 31, 2021, onward, the DOH demonstrated a downward trend, reaching a low of 11.42 days by April 30, 2023, suggestive of improved inventory turnover and possibly more efficient inventory management practices.

However, after April 2023, the DOH began to increase again, reaching approximately 14.76 days by January 31, 2025. This upward movement indicates a lengthening of the average inventory holding period, which could reflect strategic stockpiling, changes in purchasing or sales patterns, or potential challenges in inventory turnover efficiency.

Overall, the data depicts a period of inventory efficiency improvement through mid-2023, followed by a gradual increase in inventory days into 2025, suggesting a shift toward holding inventory longer relative to sales. This pattern warrants further investigation into underlying operational or strategic factors influencing inventory management during these periods.