CommVault Systems Inc (CVLT)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | 3.81 | 3.69 | 3.55 | 3.50 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 3.95 | 3.48 | 4.61 | 4.26 | 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 |
| 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 |
| Working capital turnover | 12.44 | 14.52 | 9.49 | 8.28 | 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 |
CommVault Systems Inc's activity ratios indicate the efficiency of its operations in managing inventory, receivables, payables, and working capital.
1. Inventory Turnover:
- The inventory turnover ratio has shown an increasing trend from 3.50 in March 2023 to 3.81 in December 2023. The company seems to be managing its inventory efficiently.
2. Receivables Turnover:
- The receivables turnover ratio fluctuated but generally remained stable, ranging from 3.48 in December 2024 to 4.67 in September 2022. This indicates that CommVault Systems Inc is collecting its receivables in a timely manner.
3. Payables Turnover:
- The payables turnover ratio has been fluctuating significantly, indicating varying payment terms with suppliers. The ratio ranged from 138.39 in June 2022 to 1,810.50 in September 2024.
4. Working Capital Turnover:
- The working capital turnover ratio shows an increasing trend over the years, indicating improved efficiency in generating sales from working capital. The ratio increased from 3.24 in June 2020 to 12.44 in March 2025.
Overall, CommVault Systems Inc's activity ratios suggest a mixed picture of operational efficiency, with strengths in managing inventory and working capital, while showing fluctuations in receivables and payables turnover. The company may benefit from focusing on optimizing its payables turnover to maintain better relations with suppliers.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 95.87 | 98.90 | 102.91 | 104.27 | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 92.38 | 104.94 | 79.21 | 85.66 | 96.85 | 99.65 | 89.88 | 82.10 | 97.90 | 99.92 | 78.19 | 84.50 | 92.12 | 103.00 | 81.95 | 79.01 | 94.91 | 99.86 | 74.02 | 80.20 |
| Number of days of payables | days | 0.74 | 0.18 | 0.20 | 0.98 | 0.71 | 0.53 | 0.35 | 0.76 | 0.29 | 1.26 | 0.57 | 2.64 | 1.38 | 0.81 | 0.59 | 0.45 | 1.25 | 2.13 | 0.85 | 0.49 |
CommVault Systems Inc's Days of Inventory on Hand (DOH) ratio has shown a decreasing trend from 104.27 days as of March 31, 2023, to 95.87 days as of December 31, 2023. This indicates an improvement in managing inventory levels efficiently.
The Days of Sales Outstanding (DSO) ratio fluctuated over the periods provided, with the lowest level recorded at 74.02 days as of September 30, 2020, and the highest at 104.94 days as of December 31, 2024. A lower DSO is generally preferable, as it signifies that the company is collecting its accounts receivable more quickly.
The Number of Days of Payables ratio has shown fluctuations as well, reaching its peak at 2.64 days as of June 30, 2022, and hitting its lowest point at 0.18 days as of December 31, 2024. A lower number of days of payables may indicate strong bargaining power with suppliers or more efficient management of payables.
Overall, while the company's inventory management has improved, there are fluctuations in its accounts receivable and accounts payable management that may require closer monitoring and analysis.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | 38.98 | 95.60 | 94.68 | 7.02 | 7.75 | 7.50 | 7.23 | 6.98 | 5.81 | 5.58 | 6.41 | 6.16 | 6.06 | 6.00 |
| Total asset turnover | 0.89 | 0.92 | 0.94 | 0.93 | 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 |
CommVault Systems Inc's Fixed Asset Turnover ratio has shown a generally increasing trend from June 30, 2020, to September 30, 2022, indicating that the company is generating more revenue relative to its investment in fixed assets over time. However, there was a significant spike in this ratio in the first quarter of 2023, reaching 94.68 and 95.60 for March 31, 2023, and June 30, 2023, respectively, which suggests a potential anomaly or error in the financial data for those periods. Subsequently, the Fixed Asset Turnover ratio decreased significantly to 38.98 on September 30, 2023, and was not available for the following periods.
On the other hand, CommVault Systems Inc's Total Asset Turnover ratio has fluctuated over the years, with some periods showing an increasing trend, while others show a slight decline. The ratios have generally been within a reasonable range, indicating that the company efficiently utilizes its total assets to generate sales. However, there was a decline in this ratio in the first quarter of 2024, suggesting a potential decrease in sales generated from its total assets during that period.
Overall, while the Fixed Asset Turnover ratio exhibited some anomalies, the Total Asset Turnover ratio for CommVault Systems Inc indicates a reasonable level of efficiency in utilizing its assets to generate revenue, with fluctuations observed over the reporting periods.