Caseys General Stores Inc (CASY)
Number of days of payables
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 21.45 | 22.57 | 18.34 | 19.37 | 38.04 | |
| Number of days of payables | days | 17.01 | 16.17 | 19.90 | 18.84 | 9.59 |
April 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.45
= 17.01
Based on the data provided, the number of days of payables for Caseys General Stores Inc has shown some fluctuation over the past five years. In the most recent fiscal year ending April 30, 2024, the company took around 17.01 days, on average, to pay its suppliers. This was a slight increase from the previous year when it took 16.17 days.
Looking further back, in the fiscal year ending April 30, 2022, Caseys General Stores Inc had a higher number of days of payables at 19.90 days compared to the current year. The trend over the past five years shows some variability with fluctuations in the efficiency of the company's payables management.
In comparison to the historical data, the number of days of payables in the most recent year seems to be in line with the longer-term average, indicating a relatively stable payment pattern. It is important for investors and analysts to monitor this metric as it can provide insights into the company's liquidity management and relationships with suppliers.
Peer comparison
Apr 30, 2024