CommVault Systems Inc (CVLT)

Working capital 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 current assets	US$ in thousands	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	513,686	525,413	624,753	612,536
Total current liabilities	US$ in thousands	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	328,554	333,786	320,109	320,201
Working capital turnover		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	3.62	3.59	2.28	2.38

March 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $839,247K ÷ ($595,126K – $484,928K)
= 7.62

CommVault Systems Inc's working capital turnover has been fluctuating over the past few quarters. The trend shows an improvement from the low of 2.28 in September 2019 to a peak of 8.55 in March 2022. This indicates that the company is becoming more efficient in using its working capital to generate sales revenue.

However, there are periods of decline in the working capital turnover ratio, such as in the most recent quarter where it decreased to 6.13 from 7.62 in the previous quarter. This could suggest potential inefficiencies in managing the company's working capital during that period.

Overall, it is essential for CommVault Systems Inc to closely monitor its working capital turnover ratio to ensure optimal utilization of its working capital resources and to sustain or improve operational efficiency.