CommVault Systems Inc (CVLT)

Inventory turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cost of revenue	US$ in thousands	151,610	135,402	113,859	109,373	117,078
Inventory	US$ in thousands	0	38,680	—	0	8,000
Inventory turnover		—	3.50	—	—	14.63

March 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $151,610K ÷ $0K
= —

The inventory turnover ratio for CommVault Systems Inc has shown variability over the past five years. In 2020, the company had a high inventory turnover of 14.63, indicating that its inventory was sold and replenished 14.63 times throughout the year. This could suggest effective inventory management and a faster turnover of goods.

However, in 2023, the inventory turnover dropped significantly to 3.50, reflecting a decrease in the frequency with which inventory was sold and replenished. This could imply potential issues such as excess inventory levels, slow-moving products, or challenges in demand forecasting.

Unfortunately, there is missing data for the inventory turnover ratio in 2021 and 2022, making it difficult to provide a comprehensive trend analysis. It is important for the company to monitor and optimize its inventory turnover ratio to ensure efficient use of resources and to maintain a healthy cash flow.