Roivant Sciences Ltd (ROIV)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | ||
|---|---|---|---|---|
| Payables turnover | 12.92 | 15.89 | 22.41 | |
| Number of days of payables | days | 28.26 | 22.98 | 16.29 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.92
= 28.26
The number of days of payables for Roivant Sciences Ltd has been on an increasing trend over the past three years. As of March 31, 2022, the company took an average of 16.29 days to pay its suppliers, which then increased to 22.98 days as of March 31, 2023, and further to 28.26 days as of March 31, 2024. This trend suggests that the company is taking longer to settle its accounts payable over time, which could indicate potential liquidity challenges or changes in the company's payment policies. Further analysis of the company's financial health and cash flow management may be necessary to understand the implications of this trend.
Peer comparison
Mar 31, 2024