Roivant Sciences Ltd (ROIV)

Receivables turnover

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021
Revenue (ttm)	US$ in thousands	90,017	87,063	67,973	44,317	33,312	22,259	36,493	44,730	48,245
Receivables	US$ in thousands	53,545	41,078	52,118	37,064	30,379	27,967	25,036	—	3,878	11,548	12,316	5,409
Receivables turnover		1.68	2.12	1.30	1.20	1.10	0.80	1.46	—	12.44

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $90,017K ÷ $53,545K
= 1.68

The receivables turnover for Roivant Sciences Ltd has shown some fluctuations over the past several quarters. In the most recent quarter ending March 31, 2024, the receivables turnover was 1.68, indicating that the company collected its accounts receivable approximately 1.68 times during that period. This ratio decreased from the previous quarter, where it was at 2.12.

Looking further back, we see a downward trend in the receivables turnover ratio, with fluctuations in between. The ratio was relatively low at 0.80 in December 2022 but increased to 1.46 in the following quarter. In June 2022, the ratio was at its peak at 12.44, which could be an anomaly or caused by a specific event.

Overall, the fluctuations in the receivables turnover ratio may indicate changes in the company's efficiency in collecting outstanding receivables. A lower ratio suggests a longer collection period, which could be a liquidity concern, while a higher ratio may signify more efficient collections. Further analysis and comparison with industry benchmarks would provide additional insights into Roivant Sciences Ltd's receivables management performance.