Roivant Sciences Ltd (ROIV)
Total asset turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 29,053 | 124,795 | 61,280 | 55,286 | 23,795 |
| Total assets | US$ in thousands | 5,436,940 | 7,222,480 | 2,389,600 | 2,585,130 | 2,689,690 |
| Total asset turnover | 0.01 | 0.02 | 0.03 | 0.02 | 0.01 |
March 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $29,053K ÷ $5,436,940K
= 0.01
The total asset turnover ratio measures a company's ability to generate revenue relative to its total assets. For Roivant Sciences Ltd, the ratio has shown a gradual increase from 0.01 in March 31, 2021, to 0.03 in March 31, 2023. This indicates that the company has been more efficient in utilizing its assets to generate revenue over this period.
However, there was a slight decrease in the total asset turnover ratio to 0.02 in March 31, 2024. This could be a sign of either a decrease in revenue or an increase in total assets during this period. It is important for the company to further evaluate the causes behind this fluctuation to maintain its efficiency in asset utilization.
Unfortunately, the data for March 31, 2025, is not available (denoted by "—"). It is crucial for Roivant Sciences Ltd to ensure the availability of complete financial data to assess its financial performance accurately. Overall, the trend in the total asset turnover ratio suggests improvements in asset utilization efficiency for the company, but it is important to closely monitor any fluctuations and investigate their underlying reasons.
Peer comparison
Mar 31, 2025