Caseys General Stores Inc (CASY)

Days of sales outstanding (DSO)

		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
Receivables turnover		88.20	84.89	95.74	91.50	88.02	92.09	97.87	108.50	104.90	114.09	94.87	85.19	85.16	116.90	100.45	83.36	97.53	122.22	149.39	155.51
DSO	days	4.14	4.30	3.81	3.99	4.15	3.96	3.73	3.36	3.48	3.20	3.85	4.28	4.29	3.12	3.63	4.38	3.74	2.99	2.44	2.35

April 30, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 88.20
= 4.14

The Days of Sales Outstanding (DSO) for Caseys General Stores Inc. over the period from July 31, 2020, to April 30, 2025, demonstrates a relatively stable trend with modest fluctuations. Initially, the DSO stood at approximately 2.35 days in July 2020, reflecting swift collection of receivables. Over the subsequent quarters, there was a gradual upward movement, reaching a peak of about 4.38 days in July 2021, which indicates a slight loosening in receivables collection efficiency during that period.

Following this peak, the DSO generally trended downward, fluctuating between approximately 3.12 days and 3.85 days from late 2021 through early 2023, suggesting improved or stable receivables management during these intervals. Starting around April 2023, the DSO edged upward again, reaching approximately 4.30 days by January 2025. This incremental increase may imply a marginal deterioration in collection efficiency or changes in sales or credit policy.

Throughout the analyzed period, the DSO remained below 5 days, indicating a consistently efficient collection process relative to industry standards. The overall trend reflects a balance between stability and minor variability, with no significant or sustained deterioration in receivables management. The modest fluctuations in DSO likely result from seasonal variations, shifts in credit terms, or operational adjustments rather than systemic issues.