CommVault Systems Inc (CVLT)

Number of days of payables

		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
Payables turnover		2,144.75	2,927.71	4,578.80	2,156.01	5,689.69	1,339.56	3,040.34	683.51	1,355.55	2,348.65	3,269.16	4,599.65	1,681.64	793.36	1,477.40	1,470.61	381.36	116.14	70.23	121.65
Number of days of payables	days	0.17	0.12	0.08	0.17	0.06	0.27	0.12	0.53	0.27	0.16	0.11	0.08	0.22	0.46	0.25	0.25	0.96	3.14	5.20	3.00

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2,144.75
= 0.17

CommVault Systems Inc's number of days of payables has fluctuated over the past several quarters. The company's payables turnover has generally been low, indicating that it takes a relatively short time for the company to pay off its suppliers.

In the most recent quarter, as of March 31, 2024, CommVault Systems Inc had only 0.17 days of payables, which suggests the company is efficient in managing its payables and may have strong payment terms with its suppliers. This trend is consistent with the previous quarter where the number of days of payables was also low at 0.12 days.

Comparing the recent quarters to the earlier period, there has been a significant improvement in managing payables turnover. For example, in December 2019, the number of days of payables was much higher at 3.14 days, indicating a slower rate of paying off creditors. However, the company has since improved its payment efficiency to the current low level.

Overall, the downward trend in days of payables indicates that CommVault Systems Inc has been effective in managing its payables and maintaining good relationships with its suppliers, potentially benefiting from favorable payment terms.