CommVault Systems Inc (CVLT)

Fixed asset turnover

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Revenue (ttm)	US$ in thousands	995,619	943,872	898,050	865,769	839,247	819,433	797,699	784,759	784,590	787,061	794,368	784,151	769,591	754,983	740,594	733,893	723,472	696,880	685,239	681,682
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	20,466	8,209	8,287	112,112	102,562	104,599	106,513	108,122	127,482	131,444	112,779	113,079	113,014	113,657
Fixed asset turnover		—	—	—	—	—	—	38.98	95.60	94.68	7.02	7.75	7.50	7.23	6.98	5.81	5.58	6.41	6.16	6.06	6.00

March 31, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $995,619K ÷ $—K
= —

CommVault Systems Inc's fixed asset turnover ratio has demonstrated a generally increasing trend over the past several quarters, indicating a more efficient utilization of its fixed assets to generate revenue. The ratio improved from 6.00 in June 2020 to a peak of 7.75 in September 2022. However, there was a significant spike in the ratio in the first quarter of 2023 where it surged to 94.68, indicating an anomaly or potential irregularity in the financial data.

Following this anomaly, the fixed asset turnover ratio experienced a sharp decline to 38.98 in the subsequent quarter, September 2023. It is important to note that there was missing data for the ratios from December 2023 onwards, which limits the ability to provide a complete analysis of the trend beyond that point.

Overall, a high fixed asset turnover ratio suggests that CommVault Systems Inc is effectively utilizing its fixed assets to generate sales. However, the significant fluctuations in the ratio in some periods, especially the sudden peak and subsequent drop in the first quarter of 2023, warrant further investigation to understand the underlying factors driving these fluctuations.