CommVault Systems Inc (CVLT)

Number of days of payables

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Payables turnover 479.99 507.06 1,253.72 263.56 292.44
Number of days of payables days 0.76 0.72 0.29 1.38 1.25

March 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 479.99
= 0.76

CommVault Systems Inc's number of days of payables has shown a decrease over the years based on the provided data. As of March 31, 2021, the company took approximately 1.25 days to pay its payables, which increased slightly to 1.38 days by March 31, 2022. However, there was a significant decrease in the number of days of payables to 0.29 days by March 31, 2023.

Subsequently, the number of days of payables increased to 0.72 days by March 31, 2024, and further to 0.76 days by March 31, 2025. Overall, the company's ability to settle its payables has improved from 2021 to 2023 but saw a slight increase in 2024 and 2025. This trend suggests that CommVault Systems Inc has been managing its payables efficiently, making timely payments within a short duration.