measured flat and then doubled would give you an (approximate) circumference.
Given that natural casings are not uniform along their length I personally can't see the point. I just do roughly as much as I think I'm going to need and then a bit extra to allow for my errors. They aren't exactly expensive so if I end up throwing away the odd foot or two I don't get too excited (and you could always re-salt them if you are feeling frugal)... mind you, the other day I ran out with about a pound of meat still to go
and didn't have any more (salted or rinsed) spare so had to make burgers. You live and learn as they say