CommVault Systems Inc (CVLT)

Fixed asset turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	US$ in thousands	839,247	784,590	769,591	723,472	670,885
Property, plant and equipment	US$ in thousands	7,961	8,287	106,513	112,779	114,519
Fixed asset turnover		105.42	94.68	7.23	6.41	5.86

March 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $839,247K ÷ $7,961K
= 105.42

CommVault Systems Inc's fixed asset turnover has shown an increasing trend over the past five years, from 5.86 in March 2020 to 105.42 in March 2024. This indicates that the company is generating significantly more revenue from its fixed assets in the most recent period, suggesting improved asset utilization efficiency. The substantial increase in fixed asset turnover in the latest year could be a result of effective management of fixed assets or possibly strategic investments in technology or infrastructure that have generated higher returns. Overall, the consistent growth in fixed asset turnover reflects positively on CommVault Systems Inc's operational efficiency and ability to generate revenue from its fixed assets.