CommVault Systems Inc (CVLT)

Payables turnover

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Cost of revenue (ttm)	US$ in thousands	182,976	176,124	166,566	159,544	153,378	147,269	142,746	137,195	135,402	132,644	128,069	122,341	113,859	111,423	109,872	110,097	109,373	106,356	108,467	112,909
Payables	US$ in thousands	373	88	92	427	299	214	136	284	108	459	200	884	432	248	178	136	374	622	253	152
Payables turnover		490.55	2,001.41	1,810.50	373.64	512.97	688.17	1,049.60	483.08	1,253.72	288.98	640.34	138.39	263.56	449.29	617.26	809.54	292.44	170.99	428.72	742.82

March 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $182,976K ÷ $373K
= 490.55

CommVault Systems Inc's payables turnover ratio fluctuated significantly over the given period. The payables turnover ratio measures how efficiently a company is managing its trade credit by paying its suppliers.

- In March 2023, the payables turnover ratio was the highest at 1,253.72, indicating that the company was paying its suppliers over 1,000 times during that period.
- Conversely, the lowest ratio was recorded in June 2022 at 138.39, signifying a significant slowdown in the payments to suppliers during that period.
- The average payables turnover ratio across the period was approximately 632.79, suggesting a relatively efficient payment cycle overall.
- The company showed a notable increase in its payables turnover between September 2024 and December 2024, going from 1,810.50 to 2,001.41, reflecting a potentially improved efficiency in managing its payables during that time.

Overall, analyzing the payables turnover ratio for CommVault Systems Inc provides insights into how the company is managing its trade credit and its relationships with suppliers over time.