Caseys General Stores Inc (CASY)

Working capital 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 current assets	US$ in thousands	829,854	920,955	725,035	723,633	387,250
Total current liabilities	US$ in thousands	953,466	927,125	904,678	612,749	1,063,430
Working capital turnover		—	—	—	78.53	—

April 30, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $14,862,900K ÷ ($829,854K – $953,466K)
= —

Based on the provided data, the working capital turnover ratio for Caseys General Stores Inc is not available for the years 2020, 2022, and 2023. However, in 2021, the company had a working capital turnover ratio of 78.53.

The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. A higher ratio indicates that the company is effectively managing its working capital to generate sales.

Without the complete trend over the years, it is difficult to ascertain the consistency or directionality of Caseys General Stores Inc's working capital turnover performance. Further analysis and comparison with industry benchmarks would be necessary to assess the company's working capital management effectiveness comprehensively.