Caseys General Stores Inc (CASY)

Days of sales outstanding (DSO)

		Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021	Apr 30, 2020
Receivables turnover		870.91	646.53	293.90	909.08	625.57
DSO	days	0.42	0.56	1.24	0.40	0.58

April 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 870.91
= 0.42

Based on the data provided for Caseys General Stores Inc's days of sales outstanding (DSO) over the past five years, we can observe fluctuations in the company's collection efficiency. DSO measures the average number of days it takes for the company to collect revenue after making a sale.

In 2024, the DSO stands at 0.42 days, reflecting a significant improvement compared to the previous year. This indicates that the company has become more efficient in collecting its accounts receivable, possibly due to improved credit management or more prompt payment from customers.

In 2023, there was a slight increase in DSO to 0.56 days compared to 2022 when it was reported at 1.24 days. This increase suggests a temporary slowdown in collecting payments from customers, which could be attributed to factors such as changes in customer payment behavior or economic conditions.

In 2021 and 2020, the DSO levels were relatively low at 0.40 days and 0.58 days, respectively, indicating that the company had historically maintained a strong collection efficiency during those years.

Overall, the trend in DSO for Caseys General Stores Inc shows some variability over the years, with fluctuations likely influenced by internal factors related to the company's operations and external factors affecting customer payment patterns. Going forward, monitoring DSO trends will be crucial for assessing the company's financial health and efficiency in managing its accounts receivable.