CommVault Systems Inc (CVLT)

Short-term

Turnover ratios

The activity ratios of CommVault Systems Inc provide insight into how efficiently the company manages its various operating assets and liabilities.

1. Inventory Turnover:
- Inventory turnover is used to measure how many times a company sells and replaces its inventory in a specific period. CommVault Systems Inc shows an inventory turnover ratio of 3.50 for March 31, 2023, indicating that the company was able to sell and replace its inventory approximately 3.5 times during that fiscal year.

2. Receivables Turnover:
- Receivables turnover ratio measures how efficiently a company is collecting on its credit sales. CommVault Systems Inc maintained a relatively stable receivables turnover ratio over the period, ranging from 3.73 to 3.96, suggesting that the company is efficient in collecting payments from its customers.

3. Payables Turnover:
- Payables turnover ratio reflects how many times a company pays off its accounts payable during a period. CommVault Systems Inc had fluctuating payables turnover ratios over the years, with a significant increase in 2023 compared to prior years. A high payables turnover ratio may indicate the company is paying its suppliers promptly.

4. Working Capital Turnover:
- Working capital turnover ratio illustrates how effectively a company is utilizing its working capital to generate sales. CommVault Systems Inc has shown an increasing trend in the working capital turnover ratio from 3.09 in 2021 to 12.44 in 2025, indicating that the company has been able to generate more sales relative to its working capital in recent years.

Overall, the activity ratios of CommVault Systems Inc suggest that the company efficiently manages its inventory, receivables, payables, and working capital to support its operations and generate revenue.

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Average number of days

CommVault Systems Inc's activity ratios indicate its efficiency in managing its inventory, collecting receivables, and paying its payables.

1. Days of Inventory on Hand (DOH): As of March 31, 2023, the company had an inventory turnover of approximately 104.27 days. This suggests that the company held its inventory for around 104 days before selling it. A decrease in this number over time would indicate an improvement in inventory management efficiency.

2. Days of Sales Outstanding (DSO): The Days of Sales Outstanding for CommVault Systems Inc show the number of days it takes to collect revenue from sales. The DSO decreased from 94.91 days in March 2021 to 92.38 days in March 2025. A lower DSO indicates that the company is collecting its receivables more quickly, which is a positive sign for cash flow management.

3. Number of Days of Payables: The number of days of payables has fluctuated slightly over the years, from 1.25 days in March 2021 to 0.76 days in March 2025. A lower number of days of payables suggests that the company is paying its suppliers more quickly. However, it is essential to balance prompt payments with maintaining good relationships with suppliers.

In conclusion, CommVault Systems Inc should continue to monitor and manage its activity ratios to ensure efficient use of resources and maintain a healthy cash flow position.

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Long-term

CommVault Systems Inc has shown a positive trend in its Fixed Asset Turnover ratio over the years, indicating efficient utilization of its fixed assets to generate revenue. The ratio increased from 6.41 in March 2021 to 94.68 in March 2023, showcasing a significant improvement in asset turnover efficiency during this period. However, the data is missing for March 2024 and March 2025, so the trend for these years cannot be assessed.

In terms of Total Asset Turnover ratio, CommVault Systems Inc's performance is relatively stable. The ratio has fluctuated slightly, from 0.80 in March 2021 to 0.89 in both March 2024 and March 2025. This indicates that the company is generating sales in line with its total asset base, with no significant improvement or deterioration in asset turnover efficiency over the years.

Overall, based on the available data, CommVault Systems Inc appears to be effectively utilizing its fixed assets to generate revenue, while maintaining a stable level of total asset turnover.