CommVault Systems Inc (CVLT)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	278,085	174,603	181,523	172,016	186,098	260,016	265,263	270,484	255,829	253,460	299,778	354,538	394,034	414,071	419,476	434,235	411,904	417,633	372,114	359,817
ROE		60.74%	-0.40%	-10.00%	-15.50%	-19.22%	6.04%	9.81%	8.59%	13.14%	12.58%	7.86%	-5.45%	-7.86%	-6.83%	-7.30%	0.80%	-1.37%	-4.01%	-0.72%	1.47%

March 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $168,906K ÷ $278,085K
= 60.74%

CommVault Systems Inc's return on equity (ROE) has shown fluctuations over the past few quarters. The company experienced a strong ROE of 60.74% in March 2024, indicating that for every dollar of shareholder equity, the company generated a profit of approximately $0.61. This was a significant improvement from the negative ROE reported in the previous quarter.

The negative ROE figures in December 2023 and the third quarter of 2023 (-0.40% and -10.00% respectively) suggest that the company was not effectively utilizing its equity to generate profits during those periods. The ROE improved slightly in the second quarter of 2023 and the first quarter of 2023, but it remained negative.

In general, it seems that CommVault Systems Inc has been facing challenges in generating profits relative to its shareholder equity in recent quarters. The company did have some positive ROE figures in the past, such as in December 2022 and June 2022, indicating stronger performance during those periods.

Overall, it is important for the company to focus on improving its profitability relative to its equity in order to provide better returns for its shareholders in the future.