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CommVault Systems (LTS:0A8N) Receivables Turnover : 1.13 (As of Dec. 2024)


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What is CommVault Systems Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. CommVault Systems's Revenue for the three months ended in Dec. 2024 was $262.6 Mil. CommVault Systems's average Accounts Receivable for the three months ended in Dec. 2024 was $233.1 Mil. Hence, CommVault Systems's Receivables Turnover for the three months ended in Dec. 2024 was 1.13.


CommVault Systems Receivables Turnover Historical Data

The historical data trend for CommVault Systems's Receivables Turnover 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.

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CommVault Systems Receivables Turnover Chart

CommVault Systems Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.14 4.32 4.03 3.88 3.88

CommVault Systems Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.03 1.00 1.06 1.17 1.13

Competitive Comparison of CommVault Systems's Receivables Turnover

For the Software - Application subindustry, CommVault Systems's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where CommVault Systems's Receivables Turnover falls into.


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CommVault Systems Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

CommVault Systems's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=839.247 / ((210.441 + 222.683) / 2 )
=839.247 / 216.562
=3.88

CommVault Systems's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=262.63 / ((194.879 + 271.363) / 2 )
=262.63 / 233.121
=1.13

* 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  (LTS:0A8N) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


CommVault Systems Receivables Turnover Related Terms

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CommVault Systems Business Description

Traded in Other Exchanges
Address
1 CommVault Way, Tinton Falls, NJ, USA, 07724
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.

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