Caseys General Stores Inc (CASY)
Total asset 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 |
| Total assets | US$ in thousands | 6,347,430 | 5,943,270 | 5,505,730 | 4,460,310 | 3,943,890 |
| Total asset turnover | 2.34 | 2.54 | 2.35 | 1.95 | 2.33 |
April 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,862,900K ÷ $6,347,430K
= 2.34
Caseys General Stores Inc's total asset turnover has fluctuated over the past five years. In the most recent fiscal year ending April 30, 2024, the company achieved a total asset turnover of 2.34. This indicates that for every dollar invested in total assets, the company generated $2.34 in revenue.
Comparing this figure to the previous years, we see that total asset turnover was highest in the fiscal year ending April 30, 2023, at 2.54. This suggests that the company was more efficient in utilizing its assets to generate revenue in that particular year.
In the fiscal year ending April 30, 2022, the total asset turnover was 2.35, showing a slight decline from the previous year. However, in the fiscal year ending April 30, 2021, the total asset turnover dropped to 1.95, indicating that the company was less effective in generating revenue from its total assets.
The total asset turnover then improved in the next fiscal year ending April 30, 2020, to 2.33, almost reaching the level of efficiency seen in fiscal year 2022.
Overall, Caseys General Stores Inc's total asset turnover has shown volatility over the five-year period, with the highest point in 2023 and the lowest point in 2021. It is essential for the company to continuously monitor and improve its asset utilization efficiency to drive revenue growth and profitability.
Peer comparison
Apr 30, 2024