Caseys General Stores Inc (CASY)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	15,940,900	15,548,160	14,973,780	15,091,410	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
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	—	4,229,780	6,735,200	4,079,400	4,006,590	3,978,750	3,980,540	3,958,000	3,854,690	3,816,190	3,513,600	3,412,920	3,361,580	3,308,950
Fixed asset turnover		—	—	—	—	—	—	—	3.43	2.24	3.73	3.73	3.58	3.25	3.00	2.81	2.56	2.48	2.39	2.49	2.62

April 30, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $15,940,900K ÷ $—K
= —

The fixed asset turnover ratio for Caseys General Stores Inc. demonstrates notable fluctuations over the reported periods, reflecting variations in operational efficiency and asset utilization. Starting from July 31, 2020, at a ratio of 2.62, the metric initially declined through October 31, 2020, reaching 2.49, and continued its downward trend, falling to 2.39 by January 31, 2021. This decrease suggests a reduced efficiency in generating sales from fixed assets during this interval, possibly indicating increased asset base at a pace exceeding sales growth or diminished sales productivity.

Subsequently, the ratio recovered modestly to 2.48 by April 30, 2021, and further improved to 2.56 by July 31, 2021. The upward trajectory continued into October 31, 2021, reaching 2.81, indicating enhanced utilization of fixed assets relative to sales. The positive trend extended with ratios of 3.00 on January 31, 2022, and 3.25 on April 30, 2022, which collectively reflect an increasing efficiency in asset use. This upward momentum persisted through July 31, 2022 (3.58), and October 31, 2022 (3.73), with the ratio stabilizing at this higher level into January 2023, signifying sustained improvements.

However, a sharp decline appears in the next reported period, with the ratio dropping to 2.24 on April 30, 2023. This decline indicates a potential decrease in asset efficiency, possibly due to accelerated asset investments not yet translated into proportional sales or operational disruptions. The ratio then rebounded to 3.43 on July 31, 2023, approaching earlier high levels, suggesting a recovery or improved asset efficiency.

From October 31, 2023, onwards, data points are not available, leaving subsequent trend analysis inconclusive. Overall, the pattern reflects periods of both efficiency gains and setbacks, with the most recent recorded ratios highlighting variability tied likely to operational adjustments, capital expenditure strategies, or external market conditions impacting asset utilization efficiency.