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CommVault Systems's Operating Income for the three months ended in Sep. 2024 was $18.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $85.3 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. CommVault Systems's Operating Income for the three months ended in Sep. 2024 was $18.4 Mil. CommVault Systems's Revenue for the three months ended in Sep. 2024 was $233.3 Mil. Therefore, CommVault Systems's Operating Margin % for the quarter that ended in Sep. 2024 was 7.91%.
Good Sign:
CommVault Systems Inc operating margin is expanding. Margin expansion is usually a good sign.
CommVault Systems's 5-Year average Growth Rate for Operating Margin % was 108.90% per year.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CommVault Systems's annualized ROC % for the quarter that ended in Sep. 2024 was 9.24%. CommVault Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 338.47%.
The historical data trend for CommVault Systems's Operating Income 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.
CommVault Systems Annual Data | |||||||||||||||||||||
Trend | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | |||||||||||
Operating Income | Get a 7-Day Free Trial | 0.06 | 41.91 | 47.76 | 53.05 | 79.90 |
CommVault Systems Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Operating Income | Get a 7-Day Free Trial | 17.63 | 21.05 | 22.74 | 23.11 | 18.44 |
Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.
Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $85.3 Mil.
* 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.
CommVault Systems (NAS:CVLT) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
CommVault Systems's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:
ROC % (Q: Sep. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2024 ) | + | Invested Capital (Q: Sep. 2024 )) | / count ) |
= | 73.776 * ( 1 - 6.57% ) | / | ( (735.621 | + | 756.101) | / 2 ) |
= | 68.9289168 | / | 745.861 | |||
= | 9.24 % |
where
Invested Capital | (Q: Jun. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 934.932 | - | 94.74 | - | ( 287.871 | - | max(0, 446.541 | - | 551.112 | + | 287.871 | )) |
= | 735.621 |
Invested Capital | (Q: Sep. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 958.476 | - | 107.737 | - | ( 303.071 | - | max(0, 468.317 | - | 562.955 | + | 303.071 | )) |
= | 756.101 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
CommVault Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2024 | Q: Sep. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 67.06 | / | ( ( (19.404 + max(-178.629, 0)) | + | (20.221 + max(-203.12, 0)) ) | / | 2 ) |
= | 67.06 | / | ( ( 19.404 | + | 20.221 ) | / | 2 ) |
= | 67.06 | / | 19.8125 | ||||
= | 338.47 % |
where Working Capital is:
Working Capital | (Q: Jun. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (203.176 | + | 0 | + | 60.065) | - | (94.74 | + | 347.13 | + | 0) |
= | -178.629 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (194.879 | + | 0 | + | 65.005) | - | (107.737 | + | 355.267 | + | 0) |
= | -203.12 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.
3. Operating Income is also linked to Operating Margin %:
CommVault Systems's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:
Operating Margin % | = | Operating Income (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | 18.444 | / | 233.278 | |
= | 7.91 % |
* 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.
4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.
Be Aware
Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Thank you for viewing the detailed overview of CommVault Systems's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
Vivie Lee | director | 126 SIERRA POINT ROAD, BRISBANE CA 94005 |
Nicola Adamo | director | 10 MAACKA DRIVE, HOLMDEL NJ 07733 |
Keith Geeslin | director | C/O FRANCISCO PARTNERS, ONE LETTERMAN DRIVE, BLDG. C, STE. 410, SAN FRANCISCO CA 94129 |
Charles E Moran | director | 2300 WINDY RIDGE PARKWAY, 10TH FLOOR, ATLANTA GA 30339 |
Martha Helena Bejar | director | C/O POLYCOM, INC., 6001 AMERICA CENTER DRIVE, SAN JOSE CA 95002 |
Blasio Riccardo Di | officer: Chief Revenue Officer | 1226 COLUMBUS BLVD, CORAL GABLES FL 33134 |
James J. Whalen | officer: Chief Accounting Officer | 26 SAGAMORE AVENUE, OCEANPORT NJ 07757 |
David F Walker | director | 14388 EAGLE POINTE DR, CLEARWATER FL 337622214 |
A Shane Sanders | director | 2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037 |
Arlen Shenkman | director | C/O CITRIX SYSTEMS, INC., 851 WEST CYRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Richard Todd Bradley | director | C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET, PALO ALTO CA 94304 |
Brian Carolan | officer: Chief Accounting Officer | COMMVAULT SYSTEMS INC, 2 CRESCENT PL, OCEANPORT NJ 07757-0900 |
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