CommVault Systems Inc (CVLT)

Total asset turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	US$ in thousands	839,247	784,590	769,591	723,472	670,885
Total assets	US$ in thousands	943,913	782,574	816,080	904,173	845,076
Total asset turnover		0.89	1.00	0.94	0.80	0.79

March 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $839,247K ÷ $943,913K
= 0.89

CommVault Systems Inc's total asset turnover ratio has fluctuated over the past five years. The ratio decreased from 1.00 in March 2023 to 0.94 in March 2022 before dropping further to 0.80 in March 2021. However, there was a slight improvement in the ratio to 0.89 in March 2024.

A total asset turnover ratio below 1 indicates that the company is generating less in sales relative to its total assets. This could suggest inefficiency in asset utilization or potential over-investment in assets that are not contributing proportionately to sales.

It is important for the company to closely monitor and manage its asset turnover ratio to ensure optimal utilization of its assets in generating revenue. Further analysis involving other financial and operational metrics would provide a more comprehensive assessment of the company's overall performance and efficiency in asset management.