Roivant Sciences' (NASDAQ:ROIV) Shareholders Should Assess Earnings With Caution [Yahoo! Finance]
Roivant Sciences Ltd. (ROIV)
Company Research
Source: Yahoo! Finance
Check out our latest analysis for Roivant Sciences One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the accrual ratio . In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. The ratio shows us how much a company's profit exceeds its FCF. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". For the year to September 2024, Roivant Sciences had an accrual ratio of 19.58. Statistically speaking, that's a real negative for future earnings. And indeed
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ROIV
Earnings
- 11/12/24 - Miss
ROIV
Analyst Actions
- 11/13/24 - HC Wainwright
ROIV
Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 144
- 12/18/24 - Form 144
- ROIV's page on the SEC website