Roivant Sciences Ltd (ROIV)

Total asset 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
Total assets	US$ in thousands	7,222,480	7,312,680	2,065,540	2,136,650	2,389,600	2,202,960	2,215,530	2,600,400	2,585,130	2,799,380	3,102,910	2,454,700
Total asset turnover		0.01	0.01	0.03	0.02	0.01	0.01	0.02	0.02	0.02

March 31, 2024 calculation

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

The total asset turnover ratio measures a company's ability to generate sales relative to its total assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate revenue.

Based on the data provided for Roivant Sciences Ltd, the total asset turnover ratio has exhibited some fluctuations over the past few quarters. The ratio was consistently around 0.01 in the first three quarters of 2023, indicating that the company was generating relatively low sales compared to its total assets during that period.

In the fourth quarter of 2023, there was a slight improvement to 0.02, suggesting that the company became slightly more efficient in utilizing its assets to generate revenue. This trend continued into 2024, with the total asset turnover ratio reaching 0.03 in the first quarter, indicating a further improvement in asset utilization efficiency.

Overall, the trend in the total asset turnover ratio for Roivant Sciences Ltd shows some variability, but there has been a general improvement in asset utilization efficiency from 2023 through 2024. It would be important to monitor this ratio over time to assess the company's ongoing efficiency in generating sales relative to its total assets.