CommVault Systems Inc (CVLT)

Return on assets (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
Net income (ttm)	US$ in thousands	168,906	-707	-18,157	-26,656	-35,774	15,707	26,025	23,238	33,624	31,897	23,562	-19,340	-30,954	-28,280	-30,603	3,484	-5,645	-16,743	-2,693	5,282
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
ROA		17.89%	-0.09%	-2.35%	-3.59%	-4.57%	1.89%	3.34%	2.93%	4.12%	4.15%	3.02%	-2.30%	-3.42%	-3.12%	-3.59%	0.40%	-0.67%	-1.94%	-0.34%	0.67%

March 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $168,906K ÷ $943,913K
= 17.89%

CommVault Systems Inc's return on assets (ROA) has fluctuated over the past few quarters. In the most recent quarter ending March 31, 2024, the ROA was 17.89%, indicating a strong performance in utilizing its assets to generate profits. However, the preceding quarters showed negative ROA figures, with the lowest being -4.57% in the quarter ending March 31, 2023.

The negative ROA figures suggest that CommVault Systems Inc may not have been efficiently utilizing its assets to generate profits during those quarters. This could be a cause for concern as it indicates potential inefficiencies in the management of assets and the overall operations of the company.

It is important for the company to closely monitor and improve its ROA performance to ensure the efficient utilization of its assets and to generate higher returns for its investors. Further analysis of the company's financial statements and operations may be needed to identify the underlying reasons for the fluctuating ROA figures and to implement strategies to improve asset utilization and profitability.