Roivant Sciences Ltd (ROIV)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net income	US$ in thousands	4,348,930	-1,009,030	-845,262
Total assets	US$ in thousands	7,222,480	2,389,600	2,585,130
ROA		60.21%	-42.23%	-32.70%

March 31, 2024 calculation

ROA = Net income ÷ Total assets
= $4,348,930K ÷ $7,222,480K
= 60.21%

Roivant Sciences Ltd's return on assets (ROA) has shown significant improvement over the past three years. The ROA for the year ending March 31, 2024, was 60.21%, indicating a solid performance in generating profits relative to its total assets. This represents a substantial increase compared to the negative ROA figures in the previous two years (Mar 31, 2023: -42.23% and Mar 31, 2022: -32.70%).

The positive ROA for 2024 suggests that Roivant Sciences has been more effective in utilizing its assets to generate earnings during that period. This improvement could be attributed to various factors such as increased operational efficiency, better resource allocation, or strategic business decisions. Overall, the upward trend in ROA indicates a positive trajectory for Roivant Sciences Ltd's financial performance and efficiency in utilizing its assets to generate profits.