CommVault Systems Inc (CVLT)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	839,247	819,437	797,701	784,768	784,590	786,765	794,158	784,046	769,591	754,964	740,594	733,893	723,472	696,880	685,239	681,682	670,885	687,563	695,487	696,983
Receivables	US$ in thousands	222,683	223,710	196,434	176,512	210,441	215,464	170,166	181,535	194,238	213,040	166,272	158,862	188,126	190,651	138,957	149,778	146,990	161,626	127,593	137,628
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

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $839,247K ÷ $222,683K
= 3.77

CommVault Systems Inc's receivables turnover has shown fluctuation over the past few quarters. The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. On average, CommVault Systems Inc has a receivables turnover ratio of approximately 4, indicating that the company turns over its accounts receivables about 4 times a year.

The downward trend in the receivables turnover ratio from March 2021 to September 2021 suggests that the company may have been taking longer to collect payments from its customers during that period. However, there was an improvement in the ratio from September 2021 to June 2022, indicating better collection efficiency.

The peak in the ratio in September 2022 could be a sign of improved credit management practices or the collection of overdue payments. The subsequent decrease in the ratio in December 2022 and March 2023 may indicate a slower collection of receivables during those periods.

Overall, while the receivables turnover ratio of CommVault Systems Inc has shown some volatility, it is essential for the company to monitor this metric consistently to ensure efficient management of its accounts receivables and cash flow.