Caseys General Stores Inc (CASY)
Number of days of payables
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Payables turnover | 14.70 | 20.35 | 20.02 | 19.54 | 20.22 | 21.75 | 18.97 | 19.97 | 21.45 | 23.51 | 20.39 | 18.34 | 17.31 | 23.07 | 16.27 | 16.16 | 17.87 | 17.53 | 18.86 | 20.80 | |
Number of days of payables | days | 24.83 | 17.93 | 18.24 | 18.68 | 18.05 | 16.78 | 19.24 | 18.27 | 17.02 | 15.53 | 17.90 | 19.90 | 21.09 | 15.82 | 22.43 | 22.59 | 20.43 | 20.82 | 19.35 | 17.55 |
April 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.70
= 24.83
The analysis of Caseys General Stores Inc.'s number of days of payables over the observed period reveals significant fluctuations with both upward and downward movements. Starting from approximately 17.55 days on July 31, 2020, the metric increased to a peak of 22.59 days by July 31, 2021, indicating a tendency to extend payment periods during this interval. Subsequently, there was a decline to 15.82 days as of January 31, 2022, suggesting an improvement in payment efficiency or a strategic change in payment policy. The period from early 2022 to late 2023 demonstrates relative stability with values generally fluctuating within the range of approximately 15.53 to 21.09 days. In particular, a low of 15.53 days was observed on January 31, 2023, while the highest within this interval was 21.09 days on April 30, 2022.
From mid-2023 onward, the days of payables tend to hover around the mid-18-day range, with slight variations observed through October 31, 2024. Notably, there is a marked increase to 24.83 days on April 30, 2025, which stands out as a significant deviation from prior figures. This suggests a notable extension in payment periods, potentially implying changes in the company's credit terms, cash flow considerations, or supplier relationships.
Overall, the company's payable cycle has exhibited variability, with periods of extension and contraction. The fluctuations reflect possible adjustments in operational financing strategies, supplier negotiations, or responses to broader economic conditions impacting cash management practices. The recent upward trend towards longer payable days indicates a propensity to relax short-term payment commitments, which may have implications for working capital management and liquidity strategies.
Peer comparison
Apr 30, 2025