Caseys General Stores Inc (CASY)

Working capital 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 current assets US$ in thousands 1,012,850 1,099,660 978,694 955,002 829,854 781,004 1,010,710 1,022,190 920,955 958,204 993,343 902,854 725,035 660,780 795,021 671,266 723,633 744,778 728,818 558,091
Total current liabilities US$ in thousands 1,101,690 1,195,640 1,116,540 1,132,140 953,466 880,906 949,826 933,999 927,125 869,809 921,298 937,383 904,678 783,710 803,496 740,942 612,749 581,826 562,009 533,916
Working capital turnover — — — — — — 239.72 164.52 — 172.24 207.38 — — — — — 78.53 49.96 50.25 357.96

April 30, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $15,940,900K ÷ ($1,012,850K – $1,101,690K)
= —

The working capital turnover ratios for Caseys General Stores Inc. over various reporting periods illustrate fluctuating operational efficiency concerning the utilization of net working capital to generate sales.

In the fiscal period ending July 31, 2020, the ratio was notably high at 357.96, implying a very efficient deployment of working capital to produce sales. This exceptionally elevated figure may suggest minimal net working capital relative to sales or a potentially atypical accounting or seasonal factor influencing the ratio. The subsequent period ending October 31, 2020, shows a dramatic decline to 50.25, indicating a substantial decrease in the efficiency of working capital utilization, possibly due to operational adjustments, changes in sales volume, or shifts in working capital management.

This downward trend persists into January 31, 2021, with a ratio of 49.96, reinforcing the pattern of reduced relative efficiency. The ratio resurges to 78.53 by April 30, 2021, suggesting some improvement in managing working capital in relation to sales. However, subsequent periods show incomplete data, with the ratio missing from July 31, 2021, through April 30, 2022, and July 31, 2022.

A notable increase is observed at October 31, 2022, with the ratio climbing to 207.38, signaling a significant leap in the efficiency of working capital deployment compared to prior periods. This upward movement continues into January 31, 2023, at 172.24, reflecting a sustained improvement. The ratio then dips slightly to 164.52 as of July 31, 2023, before rising again to 239.72 at October 31, 2023, marking the highest level within this time series and suggesting markedly more efficient use of working capital to generate sales during this period.

Overall, the pattern indicates periods of volatility in working capital efficiency, with initial high levels in 2020, a significant decline thereafter, followed by a strong recovery toward late 2022 and into 2023. The data highlights fluctuating operational dynamics, possibly driven by seasonal factors, strategic initiatives, or changes in sales and working capital management practices. The ratios from the latter part of the observed timeline point toward notably improved efficiency in deploying working capital to support sales growth.