Caseys General Stores Inc (CASY)

Total asset turnover

		Apr 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021
Revenue	US$ in thousands	15,940,900	14,862,900	15,094,500	12,952,600	8,707,190
Total assets	US$ in thousands	8,208,120	6,347,430	5,943,270	5,505,730	4,460,310
Total asset turnover		1.94	2.34	2.54	2.35	1.95

April 30, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $15,940,900K ÷ $8,208,120K
= 1.94

The total asset turnover ratio for Caseys General Stores Inc. exhibits a pattern of fluctuation over the span of four fiscal years from April 30, 2021, to April 30, 2025. In the fiscal year ending April 30, 2021, the ratio stood at 1.95, indicating that the company generated approximately $1.95 in sales for every dollar of assets invested. This ratio increased significantly in the following year, reaching 2.35 as of April 30, 2022, reflecting improved efficiency in utilizing assets to generate sales.

The upward trend persisted into April 30, 2023, with the ratio rising further to 2.54, suggesting continued enhancements in asset utilization or operational performance. However, in the subsequent fiscal year ending April 30, 2024, there was a slight decline to 2.34, indicating a modest reduction in asset efficiency or sales generation relative to assets. The ratio then decreased further to 1.94 by April 30, 2025, falling below the initial 2021 level, which could imply challenges in maintaining prior efficiency levels or perhaps increased asset base without proportional sales growth.

Overall, the ratio demonstrated substantial growth from 2021 through 2023, pointing towards significant improvements in asset management or sales effectiveness during that period. The subsequent decline over the next two fiscal years suggests a potential slowdown in asset utilization efficiency, warranting further analysis into operational changes, capital investments, or market conditions that may have contributed to this trend.