Caseys General Stores Inc (CASY)

Payables turnover

		Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021	Apr 30, 2020
Cost of revenue	US$ in thousands	12,218,700	12,651,800	10,798,000	6,885,030	7,030,610
Payables	US$ in thousands	569,527	560,546	588,783	355,471	184,800
Payables turnover		21.45	22.57	18.34	19.37	38.04

April 30, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $12,218,700K ÷ $569,527K
= 21.45

Caseys General Stores Inc payables turnover has shown some fluctuations over the past five years. The payables turnover ratio was 21.45 in 2024, 22.57 in 2023, 18.34 in 2022, 19.37 in 2021, and 38.04 in 2020.

The payables turnover ratio measures how many times a company pays off its accounts payable during a specific period. A higher payables turnover ratio generally indicates that the company is efficiently managing its accounts payable by paying them off quickly.

In this case, the payables turnover ratio has been relatively high in most years, indicating that Caseys General Stores Inc is effectively managing its accounts payable by paying them off promptly. However, the fluctuations in the ratio over the years suggest some variability in the company's payables management efficiency.

Overall, the payables turnover ratio for Caseys General Stores Inc has shown a mixed performance over the past five years, with some years demonstrating stronger efficiency in managing accounts payable compared to others.