CommVault Systems Inc (CVLT)

Days of inventory on hand (DOH)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Inventory turnover		—	3.50	—	—	14.63
DOH	days	—	104.27	—	—	24.94

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The Days of Inventory on Hand (DOH) for CommVault Systems Inc has shown fluctuations over the past five years. The DOH was not available for the years ending March 31, 2022 and March 31, 2020.

Specifically, as of March 31, 2023, the company held inventory for an average of 104.27 days before selling it, indicating a relatively high number of days that inventory remains on hand. This could suggest that the company may be experiencing slower inventory turnover, potentially tying up capital in unsold goods and carrying higher carrying costs.

In contrast, as of March 31, 2021, the company had an average of only 24.94 days of inventory on hand, indicating a faster turnover of inventory. This could signify efficient inventory management and better liquidity, as the company is able to convert inventory into sales more swiftly.

Overall, the trend in DOH for CommVault Systems Inc suggests variations in inventory management efficiency over the years, potentially impacting the company's working capital management and financial performance.