CommVault Systems Inc (CVLT)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 95.87 | 98.90 | 102.91 | 104.27 | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 92.38 | 104.94 | 79.21 | 85.66 | 96.85 | 99.65 | 89.88 | 82.10 | 97.90 | 99.92 | 78.19 | 84.50 | 92.12 | 103.00 | 81.95 | 79.01 | 94.91 | 99.86 | 74.02 | 80.20 |
| Number of days of payables | days | 0.74 | 0.18 | 0.20 | 0.98 | 0.71 | 0.53 | 0.35 | 0.76 | 0.29 | 1.26 | 0.57 | 2.64 | 1.38 | 0.81 | 0.59 | 0.45 | 1.25 | 2.13 | 0.85 | 0.49 |
| Cash conversion cycle | days | 91.64 | 104.76 | 79.00 | 84.68 | 96.14 | 194.98 | 188.44 | 184.25 | 201.88 | 98.66 | 77.62 | 81.86 | 90.74 | 102.18 | 81.36 | 78.56 | 93.66 | 97.72 | 73.17 | 79.71 |
March 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 92.38 – 0.74
= 91.64
CommVault Systems Inc's cash conversion cycle has exhibited fluctuations over the observed periods. The company's cash conversion cycle peaked at 201.88 days on March 31, 2023, indicating a prolonged period between cash outflows and inflows. This increase may suggest challenges in managing working capital efficiently, leading to potential liquidity constraints.
Subsequently, there was a notable improvement in the cash conversion cycle, reaching a low of 77.00 days on September 30, 2024, indicating a more efficient conversion of company resources into cash. This reduction in the cash conversion cycle could imply improved working capital management, potentially enhancing the company's financial flexibility and liquidity position.
However, the cash conversion cycle increased to 104.76 days on December 31, 2024, signaling a potential slowdown in the conversion of inventory and receivables into cash. This uptick may require further investigation into the company's operating cycle and working capital practices to identify areas for improvement.
Overall, monitoring and analyzing the cash conversion cycle can provide insights into CommVault Systems Inc's operational efficiency, working capital management, and liquidity position, which are crucial factors for evaluating the company's financial health and sustainability.
Peer comparison
Mar 31, 2025