Roivant Sciences Ltd (ROIV)

Total asset turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue	US$ in thousands	90,017	33,312	48,245
Total assets	US$ in thousands	7,222,480	2,389,600	2,585,130
Total asset turnover		0.01	0.01	0.02

March 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $90,017K ÷ $7,222,480K
= 0.01

The total asset turnover ratio for Roivant Sciences Ltd has been consistently low, standing at 0.01 in both March 31, 2024, and March 31, 2023, and slightly higher at 0.02 in March 31, 2022. This indicates that the company is generating $0.01-$0.02 in revenue for every dollar of assets it holds. A low total asset turnover ratio can suggest inefficiency in asset utilization or poor sales performance relative to asset investments. It might indicate that the company is not effectively generating sales from its assets, potentially leading to lower profitability and returns. Further investigation into the company's operational efficiency and sales strategies would be necessary to understand the reasons behind the low total asset turnover ratios.