Caseys General Stores Inc (CASY)

Working capital 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 current assets	US$ in thousands	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	387,250	389,628	395,321	438,070
Total current liabilities	US$ in thousands	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	1,063,430	1,104,820	1,084,060	575,028
Working capital turnover		—	—	239.72	164.52	—	172.24	207.38	—	—	—	—	—	78.53	49.96	50.25	357.96	—	—	—	—

April 30, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $14,862,920K ÷ ($829,854K – $953,466K)
= —

Based on the data provided, the working capital turnover for Caseys General Stores Inc has shown fluctuations over the past few quarters.

In October 2023, the working capital turnover was 239.72, indicating that the company was able to generate $239.72 in revenue for every dollar of working capital invested. This suggests efficient utilization of working capital to generate sales.

The working capital turnover decreased to 164.52 in January 2024, reflecting a decline in the efficiency of working capital management. However, the ratio improved in April 2024 to 172.24, indicating a better utilization of working capital compared to the previous quarter.

Overall, the company's working capital turnover has shown variability, with some quarters demonstrating high efficiency in utilizing working capital to generate sales, while other quarters showing a decrease in efficiency. Monitoring this ratio over time can help assess the company's effectiveness in managing its working capital.