Roivant Sciences Ltd (ROIV)

Operating return on assets (Operating ROA)

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating income	US$ in thousands	-1,113,680	4,242,020	-1,175,320	-1,351,640	-1,070,900
Total assets	US$ in thousands	5,436,940	7,222,480	2,389,600	2,585,130	2,689,690
Operating ROA		-20.48%	58.73%	-49.18%	-52.29%	-39.81%

March 31, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $-1,113,680K ÷ $5,436,940K
= -20.48%

Based on the data provided for Roivant Sciences Ltd, the company's operating return on assets (Operating ROA) has exhibited significant fluctuations over the years.

As of March 31, 2021, the Operating ROA was reported at -39.81%, indicating that the company generated a negative return on its assets in that period. This suggests that the company's operating income was insufficient to cover the assets employed in its operations.

The Operating ROA deteriorated further by March 31, 2022, reaching -52.29%. This indicates a continued decline in the company's ability to generate operating income relative to its assets.

By March 31, 2023, although there was a slight improvement, the Operating ROA remained negative at -49.18%. This suggests ongoing challenges for Roivant Sciences Ltd in effectively utilizing its assets to generate income from its operations.

However, a significant turnaround occurred by March 31, 2024, with the Operating ROA surging to 58.73%. This substantial increase indicates that the company was able to generate a positive return on its assets during this period, reflecting improved operational efficiency and profitability.

Unfortunately, the data for March 31, 2025, is not available (denoted by "\u2014"), which hinders further analysis of the company's Operating ROA trend.

In summary, the Operating ROA trend for Roivant Sciences Ltd has been volatile, with the company experiencing periods of negative returns followed by a notable improvement in one specific year. This suggests a fluctuating performance in terms of utilizing its assets to generate operating income. Further data would be required to assess the company's long-term financial performance accurately.