CommVault Systems Inc (CVLT)

Total asset 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
Total assets	US$ in thousands	943,913	804,074	772,692	741,732	782,574	829,942	779,788	792,723	816,080	768,559	779,754	839,388	904,173	905,579	851,978	865,837	845,076	862,568	801,766	793,322
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

March 31, 2024 calculation

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

Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate revenue.

For CommVault Systems Inc, the total asset turnover ratio has fluctuated over the past few quarters. It ranged from a low of 0.77 to a high of 1.06. In general, the company's total asset turnover ratio has shown some variability, with peaks and troughs observed throughout the periods.

The highest total asset turnover ratio of 1.06 was recorded in the quarter ended June 30, 2023, indicating that the company generated $1.06 in sales for every $1 of assets during that period. This suggests a high level of efficiency in asset utilization.

Conversely, the lowest total asset turnover ratio of 0.77 was reported in the quarter ended December 31, 2020, indicating that the company generated only $0.77 in sales for every $1 of assets during that period. This implies lower efficiency in asset utilization compared to other periods.

Overall, while the total asset turnover ratio of CommVault Systems Inc has shown some variability, it is essential for the company to maintain a balance between generating sales and effectively utilizing its assets to drive profitability and shareholder value.