CommVault Systems Inc (CVLT)
Days of inventory on hand (DOH)
Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
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Inventory turnover | — | 16.20 | 16.10 | 15.83 | 15.89 | — | — | — | — | — | — | — | — | — | — | — | 14.63 | 15.52 | — | — | |
DOH | days | — | 22.53 | 22.67 | 23.06 | 22.98 | — | — | — | — | — | — | — | — | — | — | — | 24.94 | 23.52 | — | — |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
CommVault Systems Inc's days of inventory on hand (DOH) has shown a relatively stable trend over the periods presented in the table. The company maintained an average DOH of around 23 days, indicating that it takes approximately 23 days to sell its inventory. The slight fluctuations in DOH from quarter to quarter suggest that CommVault Systems Inc manages its inventory efficiently, neither overstocking nor understocking its inventory levels. It is essential for investors and stakeholders to monitor this metric along with other key financial ratios to assess the company's operational effectiveness and inventory management practices over time.
Peer comparison
Mar 31, 2024