CommVault Systems Inc (CVLT)
Return on total capital
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 84,028 | -14,890 | 43,523 | -21,235 | -12,546 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 278,085 | 186,098 | 255,829 | 394,034 | 411,904 |
| Return on total capital | 30.22% | -8.00% | 17.01% | -5.39% | -3.05% |
March 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $84,028K ÷ ($—K + $278,085K)
= 30.22%
CommVault Systems Inc's return on total capital has exhibited fluctuations over the past five years. In March 2024, the company achieved a robust return of 30.22%, indicating an efficient utilization of both debt and equity to generate profits. This represents a significant improvement compared to the negative returns in the preceding years, particularly in March 2023 and March 2021, when the return was -8.00% and -5.39%, respectively.
The return on total capital in March 2022 stood at 17.01%, reflecting a positive performance and demonstrating the company's ability to generate returns on the total invested capital. However, in March 2020, the return was negative at -3.05%, indicating challenges in effectively deploying capital to generate profits.
Overall, the positive return in March 2024 suggests that CommVault Systems Inc has been able to enhance its operational efficiency and profitability in recent years, although the company has experienced some volatility in its return on total capital. Monitoring this ratio over time can provide insights into the company's capital allocation strategies and overall financial performance.
Peer comparison
Mar 31, 2024