CommVault Systems Inc (CVLT)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	839,247	819,437	797,701	784,768	784,590	786,765	794,158	784,046	769,591	754,964	740,594	733,893	723,472	696,880	685,239	681,682	670,885	687,563	695,487	696,983
Property, plant and equipment	US$ in thousands	7,961	7,933	7,471	8,209	8,287	100,901	102,562	104,599	106,513	108,122	109,557	111,778	112,779	113,079	113,014	113,657	114,519	115,972	118,022	120,629
Fixed asset turnover		105.42	103.29	106.77	95.60	94.68	7.80	7.74	7.50	7.23	6.98	6.76	6.57	6.41	6.16	6.06	6.00	5.86	5.93	5.89	5.78

March 31, 2024 calculation

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

CommVault Systems Inc's fixed asset turnover has shown a consistent upward trend over the past few quarters, reaching a high of 105.42 in March 2024. This indicates that the company is generating significant revenue relative to its investment in fixed assets. The increasing trend suggests that CommVault's management is effectively utilizing its fixed assets to generate sales.

The significant improvement in fixed asset turnover from previous periods reflects efficiency gains in how the company is utilizing its assets to generate revenue. This improvement may be attributed to better asset management practices, increased operational efficiency, or improved overall business performance.

Overall, the increasing trend in fixed asset turnover for CommVault Systems Inc is a positive indicator of the company's operational efficiency and effectiveness in generating revenue from its fixed assets.