Roivant Total Revenue vs Tax Provision Analysis

ROIV Stock

USD 11.69 0.21 1.76%

Roivant Sciences financial indicator trend analysis is much more than just breaking down Roivant Sciences prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Roivant Sciences is a good investment. Please check the relationship between Roivant Sciences Total Revenue and its Tax Provision accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roivant Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Roivant Stock please use our How to Invest in Roivant Sciences guide.

Total Revenue vs Tax Provision

Total Revenue vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Roivant Sciences Total Revenue account and Tax Provision. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Roivant Sciences' Total Revenue and Tax Provision is 0.87. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Roivant Sciences, assuming nothing else is changed. The correlation between historical values of Roivant Sciences' Total Revenue and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Roivant Sciences are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Total Revenue i.e., Roivant Sciences' Total Revenue and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

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Total Revenue

Total revenue comprises all receipts Roivant Sciences generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most indicators from Roivant Sciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Roivant Sciences current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roivant Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Roivant Stock please use our How to Invest in Roivant Sciences guide.Tax Provision is likely to climb to about 23.3 M in 2024, whereas Discontinued Operations is likely to drop slightly above 97.9 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	7.0M	28.0M	34.8M	36.5M
Depreciation And Amortization	5.9M	26.4M	22.0M	20.9M

Interest Expense Depreciation And Amortization

Roivant Sciences fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant Equipment
Total Assets		0.74	-0.25	0.3	1.0	-0.74	0.49	0.59	0.01	-0.99	0.86	0.78	1.0	0.66	0.48	0.32	1.0	0.97	0.7	0.74	-0.75	0.73	0.69	1.0	0.03	0.53
Short Long Term Debt Total	0.74		-0.55	0.53	0.74	-0.83	0.4	0.78	0.6	-0.72	0.34	0.96	0.72	0.95	0.83	0.38	0.73	0.75	0.94	1.0	-0.74	0.97	0.97	0.71	0.48	0.51
Other Current Liab	-0.25	-0.55		0.11	-0.27	0.49	-0.52	-0.73	-0.75	0.21	0.07	-0.43	-0.25	-0.64	-0.33	-0.68	-0.25	-0.26	-0.48	-0.58	0.58	-0.55	-0.43	-0.21	-0.46	-0.51
Total Current Liabilities	0.3	0.53	0.11		0.25	-0.24	-0.43	0.01	0.42	-0.24	-0.01	0.45	0.26	0.44	0.83	-0.48	0.26	0.44	0.47	0.52	0.07	0.48	0.72	0.28	0.7	-0.23
Total Stockholder Equity	1.0	0.74	-0.27	0.25		-0.75	0.52	0.61	0.0	-1.0	0.86	0.78	1.0	0.66	0.46	0.36	1.0	0.96	0.71	0.74	-0.78	0.73	0.67	1.0	0.0	0.55
Other Liab	-0.74	-0.83	0.49	-0.24	-0.75		-0.74	-0.92	-0.32	0.73	-0.39	-0.9	-0.74	-0.92	-0.67	-0.36	-0.74	-0.62	-0.82	-0.82	0.9	-0.9	-0.75	-0.71	-0.07	-0.69
Net Tangible Assets	0.49	0.4	-0.52	-0.43	0.52	-0.74		0.85	0.02	-0.51	0.41	0.48	0.51	0.55	0.1	0.71	0.51	0.3	0.34	0.4	-0.9	0.45	0.2	0.47	-0.39	0.9
Property Plant And Equipment Net	0.59	0.78	-0.73	0.01	0.61	-0.92	0.85		0.48	-0.58	0.26	0.8	0.59	0.9	0.55	0.63	0.6	0.48	0.72	0.78	-0.94	0.82	0.64	0.55	0.1	0.81
Current Deferred Revenue	0.01	0.6	-0.75	0.42	0.0	-0.32	0.02	0.48		0.05	-0.43	0.43	-0.01	0.64	0.67	0.27	-0.01	0.12	0.49	0.62	-0.23	0.56	0.63	-0.03	0.86	0.17
Net Debt	-0.99	-0.72	0.21	-0.24	-1.0	0.73	-0.51	-0.58	0.05		-0.89	-0.77	-1.0	-0.63	-0.43	-0.36	-1.0	-0.95	-0.68	-0.72	0.76	-0.7	-0.65	-1.0	0.04	-0.55
Retained Earnings	0.86	0.34	0.07	-0.01	0.86	-0.39	0.41	0.26	-0.43	-0.89		0.41	0.87	0.22	0.04	0.32	0.87	0.81	0.29	0.34	-0.55	0.3	0.26	0.88	-0.34	0.45
Accounts Payable	0.78	0.96	-0.43	0.45	0.78	-0.9	0.48	0.8	0.43	-0.77	0.41		0.77	0.93	0.76	0.33	0.77	0.73	0.97	0.95	-0.79	0.98	0.91	0.75	0.28	0.5
Cash	1.0	0.72	-0.25	0.26	1.0	-0.74	0.51	0.59	-0.01	-1.0	0.87	0.77		0.64	0.45	0.34	1.0	0.96	0.69	0.73	-0.76	0.72	0.67	1.0	0.0	0.55
Non Current Assets Total	0.66	0.95	-0.64	0.44	0.66	-0.92	0.55	0.9	0.64	-0.63	0.22	0.93	0.64		0.84	0.38	0.65	0.62	0.89	0.95	-0.81	0.97	0.91	0.62	0.42	0.6
Non Currrent Assets Other	0.48	0.83	-0.33	0.83	0.46	-0.67	0.1	0.55	0.67	-0.43	0.04	0.76	0.45	0.84		-0.04	0.45	0.54	0.72	0.83	-0.42	0.8	0.92	0.45	0.67	0.28
Other Assets	0.32	0.38	-0.68	-0.48	0.36	-0.36	0.71	0.63	0.27	-0.36	0.32	0.33	0.34	0.38	-0.04		0.35	0.27	0.24	0.41	-0.7	0.3	0.16	0.31	-0.08	0.78
Cash And Short Term Investments	1.0	0.73	-0.25	0.26	1.0	-0.74	0.51	0.6	-0.01	-1.0	0.87	0.77	1.0	0.65	0.45	0.35		0.96	0.69	0.73	-0.77	0.72	0.67	1.0	0.0	0.55
Net Receivables	0.97	0.75	-0.26	0.44	0.96	-0.62	0.3	0.48	0.12	-0.95	0.81	0.73	0.96	0.62	0.54	0.27	0.96		0.68	0.76	-0.63	0.7	0.74	0.97	0.23	0.41
Common Stock Shares Outstanding	0.7	0.94	-0.48	0.47	0.71	-0.82	0.34	0.72	0.49	-0.68	0.29	0.97	0.69	0.89	0.72	0.24	0.69	0.68		0.93	-0.67	0.97	0.91	0.67	0.39	0.31
Non Current Liabilities Total	0.74	1.0	-0.58	0.52	0.74	-0.82	0.4	0.78	0.62	-0.72	0.34	0.95	0.73	0.95	0.83	0.41	0.73	0.76	0.93		-0.74	0.97	0.96	0.71	0.51	0.51
Other Current Assets	-0.75	-0.74	0.58	0.07	-0.78	0.9	-0.9	-0.94	-0.23	0.76	-0.55	-0.79	-0.76	-0.81	-0.42	-0.7	-0.77	-0.63	-0.67	-0.74		-0.76	-0.58	-0.73	0.1	-0.89
Other Stockholder Equity	0.73	0.97	-0.55	0.48	0.73	-0.9	0.45	0.82	0.56	-0.7	0.3	0.98	0.72	0.97	0.8	0.3	0.72	0.7	0.97	0.97	-0.76		0.94	0.7	0.41	0.46
Total Liab	0.69	0.97	-0.43	0.72	0.67	-0.75	0.2	0.64	0.63	-0.65	0.26	0.91	0.67	0.91	0.92	0.16	0.67	0.74	0.91	0.96	-0.58	0.94		0.66	0.61	0.33
Total Current Assets	1.0	0.71	-0.21	0.28	1.0	-0.71	0.47	0.55	-0.03	-1.0	0.88	0.75	1.0	0.62	0.45	0.31	1.0	0.97	0.67	0.71	-0.73	0.7	0.66		0.01	0.51
Short Term Debt	0.03	0.48	-0.46	0.7	0.0	-0.07	-0.39	0.1	0.86	0.04	-0.34	0.28	0.0	0.42	0.67	-0.08	0.0	0.23	0.39	0.51	0.1	0.41	0.61	0.01		-0.19
Property Plant Equipment	0.53	0.51	-0.51	-0.23	0.55	-0.69	0.9	0.81	0.17	-0.55	0.45	0.5	0.55	0.6	0.28	0.78	0.55	0.41	0.31	0.51	-0.89	0.46	0.33	0.51	-0.19

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Roivant Sciences Account Relationship Matchups

Roivant Sciences fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	2.6B	2.6B	2.4B	7.2B	7.6B
Short Long Term Debt Total	180.9M	245.0M	283.9M	481.4M	499.7M	336.2M
Other Current Liab	70.4M	180.2M	128.2M	15.1M	187.5M	101.8M
Total Current Liabilities	92.1M	219.0M	184.4M	272.4M	266.8M	228.4M
Total Stockholder Equity	2.0B	1.8B	2.0B	1.6B	6.0B	6.3B
Other Liab	103.2M	76.1M	66.8M	80.6M	72.5M	71.0M
Net Tangible Assets	2.0B	1.8B	1.7B	1.0B	1.2B	1.6B
Property Plant And Equipment Net	73.9M	77.0M	86.9M	92.3M	66.0M	74.7M
Current Deferred Revenue	3.6M	5.9M	10.1M	167.1M	4.2M	4.0M
Net Debt	(2.0B)	(1.8B)	(1.8B)	(1.2B)	(6.0B)	(5.7B)
Retained Earnings	(1.1B)	(1.9B)	(2.8B)	(3.8B)	576.2M	605.0M
Accounts Payable	10.3M	20.6M	34.6M	37.8M	53.2M	29.8M
Cash	2.2B	2.1B	2.1B	1.7B	6.5B	6.9B
Non Current Assets Total	257.8M	402.7M	438.6M	591.0M	490.7M	436.9M
Non Currrent Assets Other	6.7M	36.1M	25.8M	49.5M	39.1M	32.7M
Other Assets	90.4M	36.1M	25.8M	49.5M	44.5M	35.9M
Cash And Short Term Investments	2.2B	2.1B	2.1B	1.7B	6.5B	6.9B
Net Receivables	15.3M	13.8M	6.7M	32.7M	82.8M	87.0M
Liabilities And Stockholders Equity	2.5B	2.6B	2.6B	2.4B	7.2B	7.6B
Non Current Liabilities Total	276.2M	308.7M	339.3M	509.6M	507.2M	399.7M
Other Current Assets	18.5M	54.3M	82.2M	121.8M	17.6M	16.7M
Other Stockholder Equity	3.1B	3.7B	4.8B	5.4B	5.4B	4.7B
Total Liab	368.4M	527.7M	546.2M	782.0M	774.0M	632.3M
Total Current Assets	2.2B	2.2B	2.1B	1.8B	6.7B	7.1B
Accumulated Other Comprehensive Income	(2.3M)	1.4M	(946K)	(2.6M)	(4.1M)	(3.9M)
Short Term Debt	7.8M	12.3M	11.4M	52.4M	21.9M	23.3M
Property Plant Equipment	73.9M	77.0M	25.9M	39.1M	44.9M	50.0M

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