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.
Peer comparison
Apr 30, 2025