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GuruFocus has detected 4 Warning Signs with CommVault Systems Inc $CVLT.
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CommVault Systems Inc (NAS:CVLT)
Days Payable
0.50 (As of Mar. 2017)

CommVault Systems Inc's payable for the three months ended in Mar. 2017 was $0.1 Mil. CommVault Systems Inc's cost of goods sold for the three months ended in Mar. 2017 was $21.4 Mil. Hence, CommVault Systems Inc's days payable for the three months ended in Mar. 2017 was 0.50.

CVLT' s Days Payable Range Over the Past 10 Years
Min: 0.5   Max: 30
Current: 0.5

0.5
30

During the past 13 years, CommVault Systems Inc's highest Days Payable was 30.00. The lowest was 0.50. And the median was 13.69.

CVLT's Days Payable is ranked lower than
99% of the 1330 Companies
in the Global Software - Application industry.

( Industry Median: 43.37 vs. CVLT: 0.50 )

CommVault Systems Inc's days payable declined from Mar. 2016 (1.36) to Mar. 2017 (0.50). It may suggest that CommVault Systems Inc accelerated paying its suppliers.


Definition

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

CommVault Systems Inc's Days Payable for the fiscal year that ended in Mar. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.117/85.192*365
=0.50

CommVault Systems Inc's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.117/21.374*365 / 4
=0.50

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

CommVault Systems Inc Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
DaysPayable 30.0021.4119.3614.7512.6221.695.983.821.360.50

CommVault Systems Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 5.523.752.315.133.401.360.710.440.620.50
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