Caseys General Stores Inc (CASY)

Days of sales outstanding (DSO)

		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
Receivables turnover		870.91	670.42	6,813.68	—	646.53	2,491.36	—	674.12	293.90	1,173.92	628.59	1,170.21	909.08	—	—	—	625.57	205.70	208.61	237.43
DSO	days	0.42	0.54	0.05	—	0.56	0.15	—	0.54	1.24	0.31	0.58	0.31	0.40	—	—	—	0.58	1.77	1.75	1.54

April 30, 2024 calculation

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

The Days of Sales Outstanding (DSO) is a metric that provides insight into how efficiently a company is managing its accounts receivable. A lower DSO indicates that the company is collecting payments from customers quickly, while a higher DSO suggests delays in receiving payments.

Analyzing the DSO trend of Caseys General Stores Inc over the past few quarters reveals fluctuations in the company's ability to collect payments in a timely manner.

In the most recent period ending April 30, 2024, the DSO stood at 0.42 days, indicating that the company was able to collect payments from customers rapidly. This was an improvement compared to the prior quarter where the DSO was slightly higher at 0.54 days.

Looking back further over the past year, there were instances where the DSO reached higher levels, such as 1.77 days in January 2020, which could suggest potential challenges in accounts receivable management during that period.

Overall, the downward trend in DSO in recent quarters reflects positively on Caseys General Stores Inc's ability to efficiently manage accounts receivable and promptly collect payments from customers. However, it is essential for the company to monitor and sustain this trend to ensure continued financial health and liquidity.