CommVault Systems Inc (CVLT)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	641,281	626,531	622,717	612,306	614,486	614,856	608,068	604,225	585,598	582,465	581,911	625,552	628,935	493,467	373,781	223,533	117,078	124,158	122,488	118,120
Inventory	US$ in thousands	0	38,680	38,680	38,680	38,680	—	0	0	—	—	—	—	—	—	—	—	8,000	8,000	—	—
Inventory turnover		—	16.20	16.10	15.83	15.89	—	—	—	—	—	—	—	—	—	—	—	14.63	15.52	—	—

March 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $641,281K ÷ $0K
= —

The inventory turnover ratio for CommVault Systems Inc has been relatively consistent over the period provided, ranging from 14.63 to 16.20. This ratio indicates how efficiently the company is managing its inventory by measuring the number of times inventory is sold and replaced within a specific time period. A higher inventory turnover ratio generally indicates that the company is selling its products quickly and efficiently.

Based on the data, CommVault Systems Inc has shown a stable trend in terms of inventory turnover, reflecting effective inventory management practices. Consistently high inventory turnover ratios suggest that the company is efficiently managing its inventory levels, possibly by accurately forecasting demand, maintaining optimal inventory levels, and effectively managing supply chain logistics.

Overall, the inventory turnover ratios for CommVault Systems Inc indicate a positive trend in inventory management efficiency, which is crucial for maintaining healthy cash flow and profitability in the business.