Caseys General Stores Inc (CASY)

Payables turnover

Apr 30, 2025 Apr 30, 2024 Apr 30, 2023 Apr 30, 2022 Apr 30, 2021
Cost of revenue US$ in thousands 11,515,000 12,022,100 10,189,900 6,350,750
Payables US$ in thousands 620,447 569,527 560,546 588,783 355,471
Payables turnover 0.00 20.22 21.45 17.31 17.87

April 30, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $—K ÷ $620,447K
= 0.00

The payables turnover ratio for Caseys General Stores Inc has shown notable fluctuations over the observed period. As of April 30, 2021, the ratio stood at 17.87, indicating the company’s efficiency in paying its suppliers within a shorter period. This ratio slightly decreased in the subsequent year to 17.31 as of April 30, 2022, suggesting a marginally longer cycle in settling payables.

However, a significant change occurred by April 30, 2023, when the ratio increased to 21.45. This rise indicates an improvement in the company's payment efficiency, suggesting that the company was able to turn over its payables more quickly, possibly reflecting stronger liquidity management or improved operational cash flows. The ratio remained relatively high at 20.22 as of April 30, 2024, maintaining a trend of efficient payable management.

In the most recent period recorded, April 30, 2025, the payables turnover ratio dropped to zero, which could imply the absence of data, a change in accounting practices, or an anomaly. This abrupt decline represents an anomaly compared to previous years and warrants further investigation to understand its underlying cause.

Overall, the trend from 2021 through 2024 indicates a period of consistent management of supplier payables with a peak in turnover efficiency in 2023, followed by an anomalous figure in 2025 that disrupts the earlier pattern.