Caseys General Stores Inc (CASY)

Total asset turnover

Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 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
Revenue (ttm) US$ in thousands 15,940,900 15,548,160 14,973,780 15,091,410 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
Total assets US$ in thousands 8,208,120 8,220,180 7,725,570 6,496,420 6,347,430 6,207,010 6,227,460 6,062,350 5,943,270 5,840,620 5,790,460 5,679,140 5,505,730 5,401,940 5,252,110 5,075,970 4,460,310 4,396,990 4,323,670 4,098,990
Total asset turnover 1.94 1.89 1.94 2.32 2.34 2.35 2.34 2.39 2.54 2.61 2.58 2.50 2.35 2.20 2.06 1.93 1.95 1.85 1.94 2.11

April 30, 2025 calculation

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

The total asset turnover ratio of Caseys General Stores Inc. demonstrates fluctuations over the analyzed period, reflecting variations in the company's efficiency in generating sales from its assets. Initially, the ratio was 2.11 as of July 31, 2020, indicating a relatively high efficiency at that time. This ratio experienced a decline through the subsequent quarters, reaching a low point of 1.85 on January 31, 2021, suggesting a temporary decrease in asset utilization effectiveness.

Following this dip, a notable recovery occurred, with the ratio increasing to 2.06 by October 31, 2021, and further rising to a peak of 2.58 as of October 31, 2022. The upward trend signals improved efficiency in managing assets relative to sales during that period. However, post-October 2022, the ratio begins to decline, decreasing to 2.34 by October 31, 2023, and continuing to fluctuate slightly into 2024 and 2025, with values around 1.89 to 2.35. Particularly, the ratio shows a downward trend from October 2023 onward, reaching approximately 1.94 as of October 2024, and remaining near that level through early 2025.

Overall, the trend indicates periods of operational efficiency variations. The peak in 2022 suggests a period of optimal asset utilization, while the subsequent decline may imply either an increase in asset base relative to sales, diminishing efficiency, or strategic changes affecting asset utilization. The ratio's decline in recent periods warrants closer monitoring to determine whether it reflects operational challenges or shifts in business strategy impacting asset deployment.