CASY (Casey's General Stores) Days Inventory : 13.50 (As of Oct. 2024)

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What is Casey's General Stores Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Casey's General Stores's Average Total Inventories for the three months ended in Oct. 2024 was $442 Mil. Casey's General Stores's Cost of Goods Sold for the three months ended in Oct. 2024 was $2,988 Mil. Hence, Casey's General Stores's Days Inventory for the three months ended in Oct. 2024 was 13.50.

The historical rank and industry rank for Casey's General Stores's Days Inventory or its related term are showing as below:

CASY' s Days Inventory Range Over the Past 10 Years
Min: 11.6 Med: 12.72 Max: 15.02
Current: 13.66

During the past 13 years, Casey's General Stores's highest Days Inventory was 15.02. The lowest was 11.60. And the median was 12.72.

CASY's Days Inventory is ranked better than
93.83% of 1070 companies
in the Retail - Cyclical industry
Industry Median: 108.545 vs CASY: 13.66

Casey's General Stores's Days Inventory increased from Oct. 2023 (12.11) to Oct. 2024 (13.50). It might indicate that Casey's General Stores's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Casey's General Stores's Inventory Turnover for the three months ended in Oct. 2024 was 6.76.

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 three months ended in Oct. 2024 was 0.11.

Casey's General Stores Days Inventory Historical Data

The historical data trend for Casey's General Stores's Days Inventory 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 Days Inventory Chart

Casey's General Stores Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Days Inventory

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13.21

15.02

12.23

11.72

12.76

Casey's General Stores Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Days Inventory	Get a 7-Day Free Trial															12.11	14.96	13.73	12.79	13.50

Competitive Comparison of Casey's General Stores's Days Inventory

For the Specialty Retail subindustry, Casey's General Stores's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Casey's General Stores's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Casey's General Stores's Days Inventory distribution charts can be found below:

* The bar in red indicates where Casey's General Stores's Days Inventory falls into.

Casey's General Stores Days Inventory Calculation

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 fiscal year that ended in Apr. 2024 is calculated as

	Days Inventory (A: Apr. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2023 )	+	Total Inventories (A: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2024 )	*	Days in Period
=	( (376.085	+	428.722)	/	2 )	/	11515.002	*	365
=	402.4035					/	11515.002	*	365
=	12.76

Casey's General Stores's Days Inventory for the quarter that ended in Oct. 2024 is calculated as:

	Days Inventory (Q: Oct. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2024 )	+	Total Inventories (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (452.017	+	432.268)	/	2 )	/	2988.212	*	365 / 4
=	442.1425					/	2988.212	*	365 / 4
=	13.50

Casey's General Stores (NAS:CASY) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Casey's General Stores's Inventory Turnover for the three months ended in Oct. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2988.212	/	442.1425
	=	6.76

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 three months ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	442.1425	/	3946.771
	=	0.11

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Casey's General Stores Days Inventory Related Terms

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Casey's General Stores Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Casey's General Stores Inc (NAS:CASY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CS2:Germany

Address

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

Website

https://www.caseys.com

Casey's serves as the nation's third-largest convenience store chain with its more than 2,600 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.

Executives

Mike Spanos	director	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Williams Ena Koschel	officer: Chief Operating Officer	15455 DALLAS PARKWAY, SUITE 550, ADDISON TX 75001
Darren M Rebelez	director, officer: President and CEO	1722 ROUTH STREET, SUITE 1000, DALLAS TX 75201-2502
Brennan Thomas P Jr	officer: SVP, Chief Merch. Officer	ONE SE CONVENIENCE BOULEVARD, ANKENY IA 50021
Sri Donthi	director	5008 AIRPORT ROAD NW, ROANOKE VA 24021
Katrina S Lindsey	officer: Chief Legal Officer & Sec.	ONE SE CONVENIENCE BLVD., ANKENY IA 50021
Larree M Renda	director
Greg Trojan	director	ONE ICON, FOOTHILL RANCH CA 92610
Julia L Jackowski	officer: SVP, Corp Gen Counsel & HR	CASEY'S GENERAL STORES, INC., ONE CONVENIENCE BLVD., PO BOX 3001, ANKENY IA 50021
Diane C Bridgewater	director	8161 HEATHER BOW, JOHNSTON IA 50131
Brian Joseph Johnson	officer: SVP, Store Development	CASEY'S GENERAL STORES, INC., ONE CONVENIENCE BLVD., ANKENY IA 50021
Bramlage Stephen P Jr	officer: Chief Financial Officer	ARAMARK, 1101 MARKET STREET, PHILADELPHIA PA 19107
Adrian M Butler	officer: Chief Information Officer	111 NORTH CANAL STREET, SUITE 850, CHICAGO IL 60606
William J Walljasper	officer: Senior VP and CFO	ONE CONVENIENCE BLVD, PO BOX 3001, ANKENY IA 50021
Chad Michael Frazell	officer: SVP, Chief HR Officer	TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027