CommVault Systems Inc (CVLT)

Number of days of payables

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Payables turnover		507.06	1,253.72	263.56	292.44	381.36
Number of days of payables	days	0.72	0.29	1.38	1.25	0.96

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 507.06
= 0.72

CommVault Systems Inc's number of days of payables has fluctuated over the past five years. As of March 31, 2024, the company had a number of days of payables of 0.72 days, which indicates that on average, it takes the company approximately 0.72 days to pay off its accounts payable. This represents an increase compared to the previous year, where the number of days of payables was only 0.29 days.

The increase in the number of days of payables from 2023 to 2024 may suggest that CommVault Systems Inc is taking longer to settle its accounts payable obligations. However, it is important to note that a lower number of days of payables does not always indicate a favorable position, as excessively extending payment terms could strain relationships with suppliers.

Looking at the trend over the past five years, there have been fluctuations in the number of days of payables, with the highest being 1.38 days in 2022 and the lowest being 0.29 days in 2023. This variability could be influenced by changes in the company's payment policies, relationships with suppliers, or overall working capital management strategies. Further analysis and comparison with industry benchmarks would provide more insights into CommVault Systems Inc's payables management efficiency.