CommVault Systems Inc (CVLT)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.14 | 1.13 | 1.20 | 1.23 | 1.23 | 1.31 | 1.34 | 1.32 | 1.34 | 1.30 | 1.30 | 1.31 | 1.23 | 1.28 | 1.42 | 1.56 | 1.63 | 1.69 | 1.78 | 1.65 |
| Quick ratio | 1.00 | 1.01 | 1.06 | 1.10 | 1.10 | 1.17 | 1.19 | 1.17 | 1.21 | 1.25 | 1.24 | 1.24 | 1.17 | 1.22 | 1.36 | 1.49 | 1.57 | 1.61 | 1.69 | 1.57 |
| Cash ratio | 0.54 | 0.48 | 0.65 | 0.64 | 0.64 | 0.66 | 0.70 | 0.71 | 0.70 | 0.70 | 0.75 | 0.73 | 0.68 | 0.64 | 0.87 | 1.03 | 1.06 | 1.08 | 1.25 | 1.10 |
CommVault Systems Inc's liquidity ratios exhibit a declining trend over the periods analyzed. The current ratio, which measures the company's ability to meet short-term obligations with its current assets, decreased from 1.65 as of June 30, 2020, to 1.14 as of March 31, 2025. Despite some fluctuations, the current ratio generally stayed above 1, indicating that the company's current assets are generally sufficient to cover its current liabilities.
The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, also declined from 1.57 on June 30, 2020, to 1.00 on March 31, 2025. This indicates a potential weakening ability to meet short-term obligations using only the most liquid assets.
Lastly, the cash ratio, which shows the company's ability to cover current liabilities with cash and cash equivalents, declined from 1.10 on June 30, 2020, to 0.54 on March 31, 2025. This decreasing trend suggests a reduced capacity to cover immediate obligations solely with cash resources.
Overall, the declining liquidity ratios of CommVault Systems Inc indicate a potential need for the company to address its short-term liquidity position and enhance its ability to meet upcoming obligations through improved management of current assets and liabilities.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
CommVault Systems Inc's cash conversion cycle has fluctuated over the years, indicating potential changes in its operating efficiency and liquidity management. As of March 31, 2025, the company's cash conversion cycle stands at 91.64 days. This metric represents the time it takes for the company to convert its investments in inventory and accounts receivable into cash flows from sales.
Analyzing the trend, we observe that the cash conversion cycle was relatively stable between June 30, 2020, and March 31, 2021, ranging from around 73 to 97 days. However, there was a notable spike in the cycle to 201.88 days by March 31, 2023, which could suggest potential issues in inventory management or accounts receivable collection efficiency.
Subsequently, the cash conversion cycle decreased to more acceptable levels, standing at 91.64 days as of March 31, 2025. This improvement may indicate that the company has taken steps to streamline its operations and enhance its working capital management.
Overall, it is important for CommVault Systems Inc to continuously monitor and optimize its cash conversion cycle to ensure efficient utilization of resources and sustained financial health.