Caseys General Stores Inc (CASY)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	14,862,920	14,591,600	14,594,910	14,509,090	15,094,480	15,224,720	14,940,880	14,225,240	12,952,590	11,871,890	10,831,200	9,784,160	8,707,190	8,141,830	8,382,000	8,653,690	9,175,300	9,540,820	9,340,700	9,391,110
Receivables	US$ in thousands	17,066	21,765	2,142	—	23,347	6,111	—	21,102	44,071	10,113	17,231	8,361	9,578	—	—	—	14,667	46,383	44,775	39,554
Receivables turnover		870.91	670.42	6,813.68	—	646.53	2,491.36	—	674.12	293.90	1,173.92	628.59	1,170.21	909.08	—	—	—	625.57	205.70	208.61	237.43

April 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $14,862,920K ÷ $17,066K
= 870.91

The receivables turnover ratio measures how efficiently a company is able to collect outstanding receivables from its customers during a specific period. A higher turnover ratio indicates that the company is collecting its receivables more frequently.

Analyzing the receivables turnover ratios of Caseys General Stores Inc over the past several quarters reveals a fluctuating trend. The ratios for Apr 30, 2024, and Jan 31, 2024, show high turnover values of 870.91 and 670.42 respectively, indicating that the company efficiently collected its receivables during these periods.

On the other hand, the ratios for Oct 31, 2023, and Jul 31, 2023, are exceptionally high at 6,813.68 and 646.53, which could suggest a significant increase in receivables collection efficiency during those quarters. However, the absence of data for the quarter ending Jul 31, 2023, limits a comprehensive analysis of the trend during this period.

The data also reveals some quarters with lower turnover ratios, such as Apr 30, 2022, Jan 31, 2022, and Jul 31, 2022, suggesting potential challenges in collecting receivables during those periods.

Overall, the analysis of Caseys General Stores Inc's receivables turnover ratios indicates fluctuations in receivables collection efficiency over the quarters, which may be influenced by various factors such as industry trends, customer payment behaviors, and company-specific strategies for managing receivables.