CommVault Systems Inc (CVLT)

Operating return on assets (Operating ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating income	US$ in thousands	75,355	-15,885	41,566	-22,263	-17,508
Total assets	US$ in thousands	943,913	782,574	816,080	904,173	845,076
Operating ROA		7.98%	-2.03%	5.09%	-2.46%	-2.07%

March 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $75,355K ÷ $943,913K
= 7.98%

CommVault Systems Inc's operating return on assets (ROA) has demonstrated varying performance over the past five years. In 2024, the operating ROA improved significantly to 7.98%, indicating that the company generated $0.0798 in operating income for every dollar of assets employed in its operations. This suggests an efficient utilization of assets to generate operating profits.

In contrast, the operating ROA was negative in the previous two years (2023 and 2021), implying that the company's operating income was insufficient to cover the asset base, leading to value destruction for shareholders. The negative operating ROA in these years suggests operational inefficiencies or suboptimal asset utilization.

The operating ROA in 2022 rebounded to 5.09%, indicating a positive trend in asset efficiency and profitability. However, it fell back into negative territory in 2020, reflecting challenges in generating operating income relative to assets employed.

Overall, CommVault Systems Inc's operating ROA has been volatile, with periods of both positive and negative performance. Investors and stakeholders may closely monitor future trends in operating ROA to assess the company's ability to effectively deploy its assets and generate sustainable operating profits.