Caseys General Stores Inc (CASY)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	14,862,920	14,591,600	14,594,910	14,509,090	15,094,480	15,224,720	14,940,880	14,225,240	12,952,590	11,871,890	10,831,200	9,784,160	8,707,190	8,141,830	8,382,000	8,653,690	9,175,300	9,540,820	9,340,700	9,391,110
Property, plant and equipment	US$ in thousands	4,585,640	4,581,100	4,392,630	4,229,780	4,214,820	4,079,400	4,006,590	3,978,750	3,980,540	3,958,000	3,854,690	3,816,190	3,493,460	3,412,920	3,361,580	3,308,950	3,323,800	3,303,940	3,246,880	3,198,310
Fixed asset turnover		3.24	3.19	3.32	3.43	3.58	3.73	3.73	3.58	3.25	3.00	2.81	2.56	2.49	2.39	2.49	2.62	2.76	2.89	2.88	2.94

April 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,862,920K ÷ $4,585,640K
= 3.24

Caseys General Stores Inc's fixed asset turnover ratio has shown fluctuations over the past few years. The ratio measures how efficiently the company is utilizing its fixed assets to generate sales.

From April 2019 to April 2024, the fixed asset turnover ratio ranged from 2.39 to 3.73. The ratio peaked at 3.73 in January 2023 and October 2022, indicating that the company generated $3.73 in sales for every dollar invested in fixed assets during those periods.

The ratio then decreased to 2.49 in January 2021 before increasing to 3.58 in July 2022, showing some volatility in the company's asset utilization efficiency.

Overall, the trend indicates that Caseys General Stores Inc has been relatively effective in generating sales from its fixed assets, although there have been fluctuations in efficiency over time. Further analysis would be needed to understand the reasons behind these fluctuations and to assess the company's overall asset management strategies.