CommVault Systems Inc (CVLT)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | 16.20 | 16.10 | 15.83 | 15.89 | — | — | — | — | — | — | — | — | — | — | — | 14.63 | 15.52 | — | — |
| Receivables turnover | 3.77 | 3.66 | 4.06 | 4.45 | 3.73 | 3.65 | 4.67 | 4.32 | 3.96 | 3.54 | 4.45 | 4.62 | 3.85 | 3.66 | 4.93 | 4.55 | 4.56 | 4.25 | 5.45 | 5.06 |
| 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 |
| Working capital turnover | 7.62 | 6.13 | 5.86 | 6.40 | 5.57 | 6.81 | 7.46 | 7.19 | 8.55 | 7.46 | 5.18 | 3.77 | 3.09 | 2.82 | 2.81 | 3.24 | 3.62 | 3.59 | 2.28 | 2.38 |
Inventory turnover for CommVault Systems Inc has been relatively stable over the periods presented, ranging from 15.83 to 16.20. This indicates that the company efficiently manages its inventory by quickly selling and replenishing stock.
Receivables turnover shows some variability but generally remains above 3.0, ranging from 3.54 to 4.67. This implies that the company is collecting its accounts receivable efficiently, with higher turnover numbers indicating faster collections.
Payables turnover fluctuates significantly, ranging from 683.51 to 5,689.69. A higher turnover signifies that the company is paying its suppliers more frequently, which could be a reflection of strong bargaining power or favorable credit terms.
Working capital turnover has some fluctuations but generally shows a healthy range from 5.18 to 8.55. A higher turnover indicates efficient utilization of working capital to generate sales revenue.
Overall, CommVault Systems Inc appears to be managing its activity ratios reasonably well, with efficient inventory and receivables management, although payables turnover shows significant variability.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 22.53 | 22.67 | 23.06 | 22.98 | — | — | — | — | — | — | — | — | — | — | — | 24.94 | 23.52 | — | — |
| Days of sales outstanding (DSO) | days | 96.85 | 99.65 | 89.88 | 82.10 | 97.90 | 99.96 | 78.21 | 84.51 | 92.12 | 103.00 | 81.95 | 79.01 | 94.91 | 99.86 | 74.02 | 80.20 | 79.97 | 85.80 | 66.96 | 72.07 |
| 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 |
Days of inventory on hand (DOH) for CommVault Systems Inc has been relatively stable, hovering around 22 to 24 days over the past few quarters, indicating a consistent management of inventory levels.
Days of sales outstanding (DSO) have shown some fluctuation but generally range between 80 to 100 days. This suggests that the company takes approximately 80 to 100 days to collect payments for sales, reflecting its credit policies and efficiency in receivables management.
The number of days of payables is minimal, typically ranging from less than 1 day to around 5 days, indicating that CommVault Systems Inc settles its payables quickly. This may imply good relationships with suppliers or efficient cash management practices.
Overall, the activity ratios suggest that CommVault Systems Inc effectively manages its inventory, receivables, and payables, leading to a balanced approach to working capital management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 105.42 | 103.29 | 106.77 | 95.60 | 94.68 | 7.80 | 7.74 | 7.50 | 7.23 | 6.98 | 6.76 | 6.57 | 6.41 | 6.16 | 6.06 | 6.00 | 5.86 | 5.93 | 5.89 | 5.78 |
| Total asset turnover | 0.89 | 1.02 | 1.03 | 1.06 | 1.00 | 0.95 | 1.02 | 0.99 | 0.94 | 0.98 | 0.95 | 0.87 | 0.80 | 0.77 | 0.80 | 0.79 | 0.79 | 0.80 | 0.87 | 0.88 |
CommVault Systems Inc's long-term activity ratios provide insight into how efficiently the company utilizes its assets to generate revenue. The fixed asset turnover ratio has been increasing steadily over the periods, indicating that the company is utilizing its fixed assets more efficiently to generate sales. This improvement suggests that CommVault Systems Inc has been able to increase its revenue relative to its investment in fixed assets.
On the other hand, the total asset turnover ratio has been fluctuating over the periods, but generally trending downwards. This ratio measures the company's ability to generate sales from all its assets. The decreasing trend suggests that the company may be becoming less efficient in generating revenue from its total assets.
Overall, while CommVault Systems Inc is improving its efficiency in utilizing fixed assets to generate revenue, there may be room for improvement in optimizing the utilization of its total assets to drive sales growth.