Caseys General Stores Inc (CASY)
Fixed asset turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,862,900 | 15,094,500 | 12,952,600 | 8,707,190 | 9,175,300 |
| Property, plant and equipment | US$ in thousands | 4,585,640 | 4,214,820 | 3,980,540 | 3,493,460 | 3,323,800 |
| Fixed asset turnover | 3.24 | 3.58 | 3.25 | 2.49 | 2.76 |
April 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $14,862,900K ÷ $4,585,640K
= 3.24
Caseys General Stores Inc's fixed asset turnover ratio has shown some fluctuations over the past five years. The ratio ranged from 2.49 in 2021 to 3.58 in 2023, indicating varying efficiency in generating sales from its fixed assets during this period. A higher fixed asset turnover ratio suggests that the company is utilizing its fixed assets more efficiently to generate revenue.
In 2024, the fixed asset turnover ratio decreased to 3.24, down from the peak in 2023. This may indicate a decrease in the efficiency of Caseys General Stores Inc in using its fixed assets to generate revenue compared to the previous year. It is important for the company to assess the reasons behind this decline and take necessary steps to improve the utilization of its fixed assets to enhance overall operational efficiency and profitability.
Peer comparison
Apr 30, 2024