Caseys General Stores Inc (CASY)

Receivables turnover

		Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021	Apr 30, 2020
Revenue	US$ in thousands	14,862,900	15,094,500	12,952,600	8,707,190	9,175,300
Receivables	US$ in thousands	17,066	23,347	44,071	9,578	14,667
Receivables turnover		870.91	646.53	293.90	909.08	625.57

April 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $14,862,900K ÷ $17,066K
= 870.91

Caseys General Stores Inc's receivables turnover has fluctuated over the past five years. In April 2024, the receivables turnover was 870.91 times, indicating that the company collected its accounts receivable approximately 870 times during the year. This represents a significant improvement from the previous year, where the turnover was 646.53 times.

The substantial increase in the receivables turnover from 2023 to 2024 suggests that Caseys General Stores Inc has become more efficient in collecting payments from customers. However, the turnover in 2022 was notably lower at 293.90 times, indicating slower collection of receivables compared to the other years.

In April 2021, the receivables turnover was exceptionally high at 909.08 times, indicating a very efficient collection of accounts receivable during that year. This was a significant improvement compared to the turnover of 625.57 times in April 2020.

Overall, the trend in receivables turnover for Caseys General Stores Inc shows variability over the years, but the company has demonstrated the ability to efficiently manage its accounts receivable and collect payments from customers.