Caseys General Stores Inc (CASY)

Number of days of payables

		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
Payables turnover		21.15	22.72	19.79	20.83	22.29	24.41	21.18	19.08	18.09	24.19	17.13	17.09	19.00	18.31	19.47	21.23	38.04	27.07	22.30	21.29
Number of days of payables	days	17.26	16.06	18.44	17.52	16.37	14.95	17.23	19.13	20.18	15.09	21.31	21.35	19.21	19.93	18.75	17.20	9.59	13.48	16.37	17.14

April 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.15
= 17.26

The number of days of payables for Caseys General Stores Inc has shown some fluctuation over the past few years. On average, the company takes around 17 days to pay its payables, with the range varying from as low as 9.59 days to as high as 21.35 days.

The data suggests that the company has been managing its payables reasonably well, with the number of days within a relatively stable range. A lower number of days of payables indicates that the company is paying its obligations quickly, which may be a sign of strong cash management practices. However, a significant increase in the number of days of payables could potentially signal an issue with liquidity or supplier relationships.

Overall, Caseys General Stores Inc's number of days of payables provides insights into its efficiency in managing its accounts payable and should be considered along with other financial metrics to get a comprehensive view of the company's financial health.