CommVault Systems Inc (CVLT)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	75,355	19,500	3,467	-4,854	-15,885	33,225	40,568	33,521	41,566	40,459	30,766	-13,452	-22,263	-34,787	-37,934	-4,151	-17,508	-15,055	-4,132	5,043
Total assets	US$ in thousands	943,913	804,074	772,692	741,732	782,574	829,942	779,788	792,723	816,080	768,559	779,754	839,388	904,173	905,579	851,978	865,837	845,076	862,568	801,766	793,322
Operating ROA		7.98%	2.43%	0.45%	-0.65%	-2.03%	4.00%	5.20%	4.23%	5.09%	5.26%	3.95%	-1.60%	-2.46%	-3.84%	-4.45%	-0.48%	-2.07%	-1.75%	-0.52%	0.64%

March 31, 2024 calculation

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

Operating return on assets (operating ROA) is a crucial profitability ratio that indicates how efficiently a company is generating profits from its operating assets. CommVault Systems Inc's operating ROA has shown fluctuations over the past few quarters.

The trend indicates that the company's operating ROA ranged from negative figures (-4.45% to -0.48%) during the third and fourth quarters of 2020 and the first quarter of 2021. It then gradually improved, reaching positive territory (2.43% to 7.98%) by the first quarter of 2024.

The improvement in operating ROA suggests that the company may have effectively utilized its operating assets to generate profits. Continued monitoring of this ratio is essential to assess the long-term sustainability of the company's profitability and operational efficiency.