CommVault Systems (CommVault Systems) Days Payable

: 0.41 (As of Dec. 2023)

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CommVault Systems's average Accounts Payable for the three months ended in Dec. 2023 was $0.2 Mil. CommVault Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $39.1 Mil. Hence, CommVault Systems's Days Payable for the three months ended in Dec. 2023 was 0.41.

The historical rank and industry rank for CommVault Systems's Days Payable or its related term are showing as below:

CVLT' s Days Payable Range Over the Past 10 Years
Min: 0.6 Med: 2.11 Max: 12.47
Current: 0.6

During the past 13 years, CommVault Systems's highest Days Payable was 12.47. The lowest was 0.60. And the median was 2.11.

CVLT's Days Payable is ranked worse than
99.48% of 2523 companies
in the Software industry
Industry Median: 51.49 vs CVLT: 0.60

CommVault Systems's Days Payable declined from Dec. 2022 (0.87) to Dec. 2023 (0.41). It may suggest that CommVault Systems accelerated paying its suppliers.

CommVault Systems Days Payable Historical Data

The historical data trend for CommVault Systems's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CommVault Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

4.60

3.89

1.14

1.29

0.73

CommVault Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																0.87	0.74	0.50	0.51	0.41

Competitive Comparison

For the Software - Application subindustry, CommVault Systems's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CommVault Systems Days Payable Distribution

For the Software industry and Technology sector, CommVault Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where CommVault Systems's Days Payable falls into.

CommVault Systems Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

CommVault Systems's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.432	+	0.108)	/	2 )	/	135.402	*	365
=	0.27					/	135.402	*	365
=	0.73

CommVault Systems's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.136	+	0.214)	/	2 )	/	39.061	*	365 / 4
=	0.175					/	39.061	*	365 / 4
=	0.41

CommVault Systems Days Payable Related Terms

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CommVault Systems (CommVault Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CommVault Systems Inc (NAS:CVLT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

D6I:Germany

Address

1 CommVault Way, Tinton Falls, NJ, USA, 07724

Website

https://www.commvault.com

CommVault Systems Inc provides data and information management software applications and services. The firm sells software licenses and services to large global enterprises, small- and midsize businesses, and government agencies through both its salesforce and its network of reseller partners. Its software solutions include Commvault Complete Backup and Recovery, HyperScale, Hedvig, and Metallic. The company operates in the United States and exports to many other countries.

Executives

Allison Pickens	director	471 29TH STREET, SAN FRANCISCO CA 94131
Gary Merrill	officer: Chief Financial Officer	2 CRESCENT PLACE, OCEANPORT NJ 07757
Sanjay Mirchandani	director, officer: President & CEO	188 MINNA STREET, #29C, SAN FRANCISCO CA 94105
Blasio Riccardo Di	officer: Chief Revenue Officer	1226 COLUMBUS BLVD, CORAL GABLES FL 33134
Vivie Lee	director	126 SIERRA POINT ROAD, BRISBANE CA 94005
James J. Whalen	officer: Chief Accounting Officer	26 SAGAMORE AVENUE, OCEANPORT NJ 07757
Nicola Adamo	director	10 MAACKA DRIVE, HOLMDEL NJ 07733
David F Walker	director	14388 EAGLE POINTE DR, CLEARWATER FL 337622214
A Shane Sanders	director	2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
Charles E Moran	director	2300 WINDY RIDGE PARKWAY, 10TH FLOOR, ATLANTA GA 30339
Arlen Shenkman	director	C/O CITRIX SYSTEMS, INC., 851 WEST CYRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Martha Helena Bejar	director	C/O POLYCOM, INC., 6001 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Richard Todd Bradley	director	C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET, PALO ALTO CA 94304
Keith Geeslin	director	C/O FRANCISCO PARTNERS, ONE LETTERMAN DRIVE, BLDG. C, STE. 410, SAN FRANCISCO CA 94129
Brian Carolan	officer: Chief Accounting Officer	COMMVAULT SYSTEMS INC, 2 CRESCENT PL, OCEANPORT NJ 07757-0900