Caseys General Stores Inc (CASY)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.87 | 0.89 | 1.06 | 1.09 | 0.99 | 1.10 | 1.08 | 0.96 | 0.80 | 0.84 | 0.99 | 0.91 | 1.18 | 1.28 | 1.30 | 1.05 | 0.36 | 0.35 | 0.36 | 0.76 |
| Quick ratio | 0.23 | 0.23 | 0.43 | 0.47 | 0.43 | 0.48 | 0.45 | 0.36 | 0.22 | 0.25 | 0.41 | 0.28 | 0.56 | 0.67 | 0.72 | 0.46 | 0.09 | 0.08 | 0.08 | 0.24 |
| Cash ratio | 0.22 | 0.20 | 0.43 | 0.47 | 0.41 | 0.48 | 0.45 | 0.33 | 0.18 | 0.24 | 0.39 | 0.27 | 0.55 | 0.67 | 0.72 | 0.46 | 0.07 | 0.04 | 0.04 | 0.17 |
Caseys General Stores Inc's liquidity ratios have shown fluctuations over the periods analyzed. The current ratio, which measures the company's ability to meet short-term obligations with current assets, has been inconsistent, ranging from a low of 0.80 to a high of 1.30. This indicates varying levels of liquidity and potential solvency concerns.
The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, also shows volatility. The company's ability to cover immediate liabilities with its most liquid assets has fluctuated between 0.08 and 0.72. This suggests potential challenges in meeting short-term obligations without relying on inventory.
The cash ratio, which assesses the company's ability to cover current liabilities with cash and cash equivalents, has displayed similar variability. Ranging from 0.04 to 0.72, it indicates fluctuations in the company's capacity to settle short-term debts with its most liquid resources.
Overall, Caseys General Stores Inc's liquidity ratios indicate a need for careful monitoring of its ability to meet short-term obligations, maintain sufficient cash reserves, and manage liquidity effectively to ensure financial stability. These ratios should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | -3.85 | -2.76 | -5.54 | -4.48 | -4.82 | -3.64 | -5.69 | -6.25 | -5.36 | -1.49 | -6.08 | -5.12 | -3.32 | -3.64 | -4.28 | -3.95 | 3.24 | 1.15 | -1.04 | -2.09 |
The cash conversion cycle of Caseys General Stores Inc has exhibited fluctuations over the past two years, indicating changes in the efficiency of its cash management. The cycle represents how long it takes for the company to convert its investments in inventory and receivables into cash flows.
From April 2020 to January 2021, the company's cash conversion cycle fluctuated within a relatively narrow range, with the cycle hovering around -1.49 to -2.09 days. This suggests that during this period, Caseys General Stores Inc was able to convert its inventory and receivables into cash relatively quickly.
However, from July 2021 to October 2023, the cash conversion cycle started to exhibit more significant variations, with the cycle dipping as low as -6.25 days and reaching a peak of -1.04 days. These fluctuations may indicate changes in the company's inventory management practices, sales efficiency, or collection processes for receivables.
The most recent data point, as of April 2024, shows an improvement in the cash conversion cycle, with it standing at -3.85 days. This may suggest that the company has made adjustments to streamline its cash conversion process and improve overall liquidity.
Overall, analyzing the cash conversion cycle provides insights into Caseys General Stores Inc's ability to efficiently manage its working capital and convert investments into cash. Further monitoring and analysis of this metric can help evaluate the company's operational efficiency and financial health.