Caseys General Stores Inc (CASY)

Total asset 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
Total assets	US$ in thousands	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	3,943,890	3,922,030	3,865,870	3,836,750
Total asset turnover		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	2.33	2.43	2.42	2.45

April 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,862,920K ÷ $6,347,430K
= 2.34

Caseys General Stores Inc's total asset turnover has shown some fluctuations over the past few quarters. The ratio indicates how efficiently the company is utilizing its assets to generate sales.

Overall, the total asset turnover ranged from a low of 1.85 to a high of 2.61 during the time period provided. The company's asset turnover peaked at 2.61 in January 2023, suggesting that for every dollar of assets, Caseys General Stores generated $2.61 in sales.

There was a general downward trend in total asset turnover from 2023 to 2022, with a gradual decrease from 2.61 in January 2023 to 1.85 in April 2021. However, the ratio saw an uptick in the following quarters, reaching 2.34 in October 2023 and April 2024.

The company's total asset turnover has been above 2 for most of the periods, indicating efficient asset utilization. It is essential for investors to monitor this ratio to assess how effectively Caseys General Stores is managing its assets in generating revenue.