CommVault Systems Inc (CVLT)

Working capital turnover

		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
Revenue (ttm)	US$ in thousands	995,619	943,872	898,050	865,769	839,247	819,433	797,699	784,759	784,590	787,061	794,368	784,151	769,591	754,983	740,594	733,893	723,472	696,880	685,239	681,682
Total current assets	US$ in thousands	635,057	576,733	562,955	551,112	595,126	566,534	539,961	508,435	550,914	506,680	455,876	465,033	484,081	467,041	482,730	541,879	607,600	606,635	558,993	533,470
Total current liabilities	US$ in thousands	555,050	511,738	468,317	446,541	484,928	432,805	403,749	385,765	410,076	391,182	349,396	355,921	394,064	365,774	339,815	347,283	373,202	359,436	314,705	322,812
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

March 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $995,619K ÷ ($635,057K – $555,050K)
= 12.44

CommVault Systems Inc's working capital turnover has shown a fluctuating trend over the analyzed period, ranging from 2.81 to 14.52. The ratio indicates the company's ability to efficiently utilize its working capital to generate sales.

From June 30, 2020, to December 31, 2021, the working capital turnover steadily increased, indicating an improvement in the company's efficiency in utilizing its working capital. The ratio reached its peak at 14.52 on December 31, 2024, suggesting a significant increase in sales generated per unit of working capital invested.

However, the ratio declined in the subsequent periods from March 31, 2024, indicating a potential decrease in sales efficiency relative to the working capital employed. Overall, the fluctuating trend highlights the importance of closely monitoring working capital management to ensure optimal utilization and efficiency in generating sales for CommVault Systems Inc.