Casey's General Stores (STU:CS2) Inventory Turnover : 6.01 (As of Jan. 2024)

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What is Casey's General Stores Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Casey's General Stores's Cost of Goods Sold for the three months ended in Jan. 2024 was €2,334 Mil. Casey's General Stores's Average Total Inventories for the quarter that ended in Jan. 2024 was €389 Mil. Casey's General Stores's Inventory Turnover for the quarter that ended in Jan. 2024 was 6.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Casey's General Stores's Days Inventory for the three months ended in Jan. 2024 was 15.20.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Casey's General Stores's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.13.

Casey's General Stores Inventory Turnover Historical Data

The historical data trend for Casey's General Stores's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Casey's General Stores Inventory Turnover Chart

Casey's General Stores Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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29.93

28.11

23.25

31.12

30.89

Casey's General Stores Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															6.35	6.86	7.44	7.71	6.01

Casey's General Stores Inventory Turnover Calculation

Casey's General Stores's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	10964.127	/ (	(366.88	+	342.99)	/	2 )
=	10964.127	/	354.935
=	30.89

Casey's General Stores's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	2334.221	/ (	(396.699	+	380.714)	/	2 )
=	2334.221	/	388.7065
=	6.01

Casey's General Stores (STU:CS2) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Casey's General Stores's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	388.7065	/	2334.221	*	365 / 4
	=	15.20

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Casey's General Stores's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	388.7065	/	3056.249
	=	0.13

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Casey's General Stores Inventory Turnover Related Terms

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Casey's General Stores (STU:CS2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Casey's General Stores Inc (STU:CS2) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CASY:USA CS2:Germany

Address

One Se Convenience Boulevard, Ankeny, IA, USA, 50021

Website

https://www.caseys.com

Casey's General Stores Inc owns and operates over 2,500 convenience stores in multiple Midwestern states of the U.S. The stores provide self-service gasoline, grocery items, and processed foods such as pizza, donuts, and sandwiches. Casey's operates its own distribution centres, delivering its in-store products and fuel supplies. The company owns of its real estate, including nearly all of the stores, distribution centres, and some of its subsidiaries' facilities. More than half of the company's stores are located in areas with populations of fewer than 5,000 people.

Casey's General Stores (STU:CS2) Headlines

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