Shareholders In Roivant Sciences (NASDAQ:ROIV) Should Look Beyond Earnings For The Full Story [Yahoo! Finance]
Roivant Sciences Ltd. (ROIV)
Company Research
Source: Yahoo! Finance
Despite the strong profit numbers, we believe that there are some deeper issues which investors should look into. See our latest analysis for Roivant Sciences Zooming In On Roivant Sciences' Earnings One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the accrual ratio . To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. 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 June
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ROIV
News
- FOX Nation Taps Vivek Ramaswamy to Host New Series "Truths with Vivek Ramaswamy" Premiering September 22 [Yahoo! Finance]Yahoo! Finance
- Roivant Sciences Ltd. (NASDAQ: ROIV) had its price target raised by analysts at Bank of America Co. from $12.00 to $12.50. They now have a "neutral" rating on the stock.MarketBeat
- Roivant Sciences Ltd. (NASDAQ: ROIV) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $18.00 price target on the stock.MarketBeat
- Does Montes Archimedes Acquisition (ROIV) Have the Potential to Rally 35.12% as Wall Street Analysts Expect? [Yahoo! Finance]Yahoo! Finance
- Roivant Unveils New Pipeline Program Mosliciguat, A Potential First-In-Class and Best-In-Category Inhaled Once-Daily Soluble Guanylate Cyclase (sGC) Activator [Yahoo! Finance]Yahoo! Finance
ROIV
Earnings
- 8/8/24 - Beat
ROIV
Sec Filings
- 9/12/24 - Form 4
- 9/12/24 - Form 4
- 9/12/24 - Form 4
- ROIV's page on the SEC website