Roivant Sciences Ltd (ROIV)

Days of inventory on hand (DOH)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Inventory turnover		19.50	217.66	—
DOH	days	18.72	1.68	—

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 19.50
= 18.72

Based on the data provided, Roivant Sciences Ltd's days of inventory on hand (DOH) has shown a significant increase over the period. The DOH increased from 1.68 days as of March 31, 2023, to 18.72 days as of March 31, 2024, indicating that the company is holding its inventory for a longer period before it is sold. This increase may be a cause for concern as higher inventory levels can tie up capital and increase storage costs. Further investigation into the reasons behind this substantial increase is recommended to assess the impact on the company's operational efficiency and profitability.