CommVault Systems Inc (CVLT)

Receivables turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	995,619	839,247	784,590	769,591	723,472
Receivables	US$ in thousands	251,995	222,683	210,441	194,238	188,126
Receivables turnover		3.95	3.77	3.73	3.96	3.85

March 31, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $995,619K ÷ $251,995K
= 3.95

CommVault Systems Inc's receivables turnover ratio has shown relatively stable performance over the past five years, ranging between 3.73 and 3.96. This indicates that, on average, the company collects its accounts receivable approximately 3.77 times each year. A higher receivables turnover ratio is generally considered favorable as it suggests that the company is efficient in collecting payments from its customers.

Despite a slight fluctuation in the ratio over the years, the consistency in the range demonstrates CommVault's ability to manage its accounts receivable effectively. However, the company may want to focus on maintaining or potentially improving this ratio further to ensure timely collection of outstanding receivables and optimal working capital management.